NEW YORK ( BBH FX Strategy) -- The immediate focus on China is the possibility of another reduction in the required reserves. China has announced that this weekend (Saturday and Sunday) will be working days and that Monday through Wednesday next week are official holidays. This, coupled with the continued slide in the Chinese stock market (Shanghai Composite is off nearly 10% since March 14) and the largest injection in the money market in two months Thursday have fanned speculation for some more relaxation of financial conditions.Follow TheStreet on Twitter and become a fan on Facebook. There is also a larger story unfolding. One of the characteristics of China's developmental strategy has been for it to experiment locally before scaling up those that succeed, like special economic zones.