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China eases rules for foreign firms in FTZs
Published Tue, Jul 19, 2016 · 09:50 PM
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 registration system that will allow the establishment of foreign firms or joint ventures in the FTZs and facilitate major mergers…
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