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China's Reforms Move May Just Be Bargaining Chip for US Negotiators


Voice of America  | Fri, Jul 5, 2019

by Lourdes Casanova


BEIJING - Chinese Premier Li Keqiang recently announced a major economic reform move, saying China would scrap ownership controls on foreign companies investing in the financial sector next year, ahead of schedule.

"We will achieve the goal of abolishing ownership limits in securities, futures, life insurance for foreign investors by 2020, a year earlier than the original schedule of 2021," Li said while speaking at the Summer Davos in the Chinese seaside city of Dalian.

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