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China Promotes Innovative Business Zones to Help Deepen Reform

MNI (Singapore)

China will set up so-called innovative pilot zones in six cities, including Beijing and Shanghai, that will create a global-standard business-friendly environment through eliminating protectionism and red tapes, freer market entries and exit and greater opening to outside markets, the State Council said following an executive meeting on Wednesday. China hopes to stabilize market expectations and ensure smooth economic operations through the reform measures, the council said.

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