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Trade war

China revamps free trade zones as US feud persists

Stalled reforms prompt Xi to take action to attract foreign companies

A bridge in China's island province of Hainan, the entirety of which President Xi Jinping designated as a free trade zone last month.   © Reuters

GUANGZHOU -- China is expanding its pilot free trade zones as President Xi Jinping raises the banner of deregulation to lure more foreign capital while the U.S. trade war continues unabated.

Xi recently touted plans to expand the Shanghai free trade zone, citing its important role in the country's more open economy.

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