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Pilot FTZ policies modified

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2018-01-10 13:43:21Global Times Li Yan ECNS App Download

The State Council, the country's cabinet, on Tuesday announced adjustments to the temporary policies for pilot free trade zones (FTZs) across the country.

According to a statement on the government's website, exclusively foreign-owned enterprises can be established for businesses such as international shipping and management. As for international shipping agency business, foreign-backed companies can own stakes of up to 51 percent in joint ventures with Chinese companies.

  

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