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By Tammy Bruce
Topic - Robert A. Theleen
Members of the American Chamber of Commerce in Shanghai said a pending new free-trade zone in China's largest city will help attract more foreign investor attention that had been going to inland cities in recent years.
"Surely, the cost of doing business in China is high, but they are moving inland to less-expensive areas," AmCham Shanghai Chairman Robert A. Theleen said at a news briefing Tuesday as part of the group's Washington visit. "They are moving from places like Shanghai and Guangdong to these inland areas."
"There was no significant slowdown in foreign direct investment, except in 2011 and 2012, during the transition of the Chinese government," Mr. Theleen said.