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US Dollar-hungry China changes tune on foreign investment
Chinese officials say they want to change the environment for foreign investment. This year’s government work report states that the country must actively use foreign capital, as well as significantly reduce the list of issues affecting foreign investment access, and draw up a list of negative issues blocking cross-border service trade. They plan to give Pilot Free Trade Zones greater autonomy for reform and opening up, and create a market environment in which domestic and foreign enterprises are treated equally and fairly. The moves appear to come at a time when an increasing number of foreign investors are ... (full story)