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China eases rules for foreign firms in FTZs

Wednesday, July 20, 2016 - 05:50

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The government will temporarily replace an unwieldy approval mechanism with a registration system that will allow the establishment of foreign firms or joint ventures in China's free trade zones.

Shanghai

CHINA will relax restrictions on foreign enterprises investing in its fledgling free trade zones (FTZs) in a bid to attract more overseas capital, the country's Cabinet said on Tuesday.

The government will temporarily replace an unwieldy approval mechanism with a

sentifi.com

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