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China unveils new steps for opening-up
China has rolled out a new round of market-opening measures, broadening foreign access to vocational training, higher education, financial derivatives and pharmaceutical sectors, as Beijing doubles down on its strategy to attract high-quality foreign investment amid a challenging global economic environment. The measures are part of the action plan for stabilizing and improving foreign investment utilization, jointly issued on Monday by the Ministry of Commerce, the National Development and Reform Commission and the Ministry of Finance. In financial services, the plan allows more foreign institutions to use risk management tools including treasury bond futures, strengthening their ability to hedge against market volatility. [...]