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China expands Shanghai free trade zone to pull in investment

Tesla eyes business beyond carmaking, despite US trade war uncertainty

China doubled the size of the Shanghai Free Trade Zone to attract investments in high-end manufacturing. (Photo by CK Tan)

SHANGHAI -- The Chinese government has doubled the size of Shanghai's only free trade zone, hoping to draw new investment and sharpen its edge in advanced manufacturing.

The change to the Lin-gang Special Area, where U.S. electric car maker Tesla is building a factory, follows an economic slowdown brought on by the trade war with the U.S. and rising pressure on foreign companies in China stemming from geopolitical tensions.

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