and world bank comes
as china's trade war
with the us continues
to cause widespread concern.
china is keen to convince the world
that it is open for business,
and that it really does play fair.
earlier this month it cut import
tariffs on more than 1500 goods,
including metals, wood
and even gemstones.
but the reductions were fairly
meagre, less than 3% on average.
but even if progress
on liberalisation seems slow,
firms are investing more and more
money in the country.
last year there was $136 billion
in foreign direct investment.
one of those investing is tesla,
which last month spent $140 million
buying land in shanghai,
for its first factory outside the us
with reports it could spend as much
as $5 billion on the new plant.
that is just one example of a