China eyes adopting international law to spark life into trade zones


  • World
  • Wednesday, 06 Nov 2013

People walk in front of a screen showing propaganda displays near the Great Hall of the People at Beijing's Tiananmen Square, in this file picture taken November 7, 2012. REUTERS/Carlos Barria/Files

HONG KONG (Reuters) - China is considering the use of international law in a big push to get free trade zones up and running to promote the use of the yuan in global trade, which could challenge Hong Kong longer term as the main offshore centre for the currency.

Sources said Chinese leaders have been discussing the adoption of an international legal system in the free trade zones (FTZs) for the first time to help lure foreign companies, although views are varied.

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