China seeks more foreign investment

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China has announced measures to increase investment and competition in its financial and banking sectors.

The China Securities Regulatory Commission revealed international fund managers can now invest a combined total of $80bn (£50bn) in Chinese capital markets, compared with the previous limit of $30bn.

Tony Nash from IHS Global Insight tells the BBC that these measures may help boost an underperforming stock market - the Shanghai Composite index is down more than 20% over the past year.

However, he says more wide-ranging reforms to the Chinese economy will take years to implement.

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