Foreign firms to expand business reach in Tianjin

Foreign companies will be able to increase their presence in the China (Tianjin) Free Trade Zone and move into new sectors, including the trade of salt.

The Chinese government recently scrapped the country's 2,000-year-old State control on salt and opened up the business to private traders.

"Salt is one of the more than 40 business sectors that will be open to foreign capital in the FTZ," said Zong Guoying, head of the Tianjin Binhai New Area, where the free zone is located.