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China to Ease Foreign Investment Rules for New Free Trade Zones

China plans to suspend some laws on foreign investment in proposed new free trade zones including Shanghai as part of Premier Li Keqiang’s drive to open up the economy to sustain growth.

The changes will provide “innovative” ways of opening up the economy, remove unnecessary administration and help transform the state’s role in the economy, according to a State Council statement after an Aug. 16 meeting led by Li.