The Mainland’s development zones will continue to be opened to attract foreign investors, Xinhua reported on Monday.
The state-run news agency quoted guidelines released by the State Council designed to support the zones as they develop international business and co-operation.
Xinhua says qualified multinational companies based in a development zone would be permitted to conduct two-way, cross-border cash pooling operations in yuan. They will be allowed to borrow yuan and other international currencies, under certain conditions.
The report says there are currently more than 1,500 national and provincial development zones in the Mainland. The zones enjoy preferential policies designed to drive economic growth, including technological innovation, free trade and tourism.
