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China launches gold market to woo foreign investors   

China launches gold market to woo foreign investors  

SHANGHAI: In a bid to woo foreign investors , Chinese official media on Thursday said that Beijing has launched a new market for trading gold.

According to Xinhua news agency, Beijing wants to attract foreign investors to a year-old free trade zone (FTZ) and for that very reason, the Shanghai Gold Exchange has launched an international board. China hopes that its newly launched market would finally challenge global gold markets like New York and London.