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China to significantly cut negative list for foreign investment

This year, China will significantly cut the currently existing negative list for foreign investment, devise a new negative list for cross-border trade-related services and give greater rights to open free trade zones, Prime Minister Li Keqiang announced in the report in front of the third session of the 13th CAP started today in Beijing. This was reported by Radio China.
He stressed that should accelerate the construction of the Hainan zone are free trade, as well as to create such in Central and Western China.

China strongly supports the multilateral trading system, actively participates in WTO reform and expects the signing of the Comprehensive Regional Economic Partnership Agreement this year. Beijing will also speed up negotiations on establishing a free trade zone between China, Japan and South Korea and is not planning a withdrawal from the first phase of its trade agreement with the US, the prime minister also said.

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