SHANGHAI — Local government officials on Sunday officially launched Shanghai’s Free-Trade Zone, or FTZ, a testing ground for China’s highly anticipated economic reforms.
The 11.2-square-mile zone encompasses a shipping port, duty-free zone, logistics zone and an international airport. According to a statement by China’s Ministry of Commerce, the FTZ will represent a significant “upgrade” of China’s economy, though exactly how it will operate and how much of an impact it will have on the country’s wider economy is still unclear.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)