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China eases borrowing by firms in free zone

It removes regulatory hurdles and allows firms to borrow up to twice their capital base

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A POSITIVE STEP: By allowing companies greater access to overseas markets, China is hoping to reverse some of the flows and boost the attractiveness of the Shanghai free trade zone.

Shanghai

CHINA has opened the door of its tightly controlled capital account a fraction wider by allowing firms operating within its Shanghai free trade zone to borrow funds without having to go through complicated regulatory hurdles.

Firms - both non-financial and financial - in

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