China plans to deregulate the Shanghai region

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
Chinese authorities plan to open the Shanghai region to investors, decreasing internal controls on flows of capital. Therefore, Chinese government tries to attract new investment to the country as a whole and particularly to Shanghai. After this announcement the local stock market surged on Friday. Analysts point out that Shanghai already attracts more international investment than other Chinese cities.
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