The Chinese government has approved a pilot zone for economic and cultural cooperation with overseas Chinese in Shantou in South China's Guangdong province.
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The pilot zone will take advantage of investment from overseas Chinese and explore new reform ideas and ways of opening up.
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The pilot zone will innovate cross-border investment and trade mechanisms which conform to international rules, and create a fair, unified and efficient business environment.
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The pilot zone will cover about 36 square kilometers, including 20 square kilometers of reclaimed land, according local media reports.
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Shantou, one of the country's five special economic zones, is home to more than 15 million people working and living outside the Chinese mainland, including Hong Kong billionaire Li Ka-shing.Â
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The Chinese government has approved a pilot zone for economic and cultural cooperation with overseas Chinese in Shantou in South China's Guangdong province.
