"Suddenly they're beginning to launch this program, which is a gradual opening up, " says Mr. Chan, abandoning for a moment his cautious tone.
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Whether the outcome is good or bad will depend on whether he also continues with the gradual opening of Venezuelan oil to foreign investment.
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His successor, Rex Tillerson, has overseen a gradual opening up.
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Just before the budget in February, the government published its annual Economic Survey, which proposed a gradual opening, letting foreigners start by setting up multi-brand stores in big cities.
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