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The government has halved the number of industries that are off limits to foreign investors, and has cut red tape for foreign companies, the premier said.

BEIJING, Aug. 9 (Xinhua) -- Chinese President Xi Jinping and Premier Li Keqiang on Sunday congratulated Singaporean leaders on the 50th anniversary of the founding of Singapore.

The two ministers held a wide range of in-depth discussions on international and regional issues of mutual concern, including the issue of the South China Sea.

ICBC, which is one of world's largest banks, is leading a delegation of top Chinese investors drawn from the financial, manufacturing, construction and trade sectors on a tour of the East African nation.

With progress in job creation, expansion of domestic demand, and industrial structure adjustment, China's targeted fine-tuning measures and structural reform are increasingly effective, he said.