Rather, Beijing wants to make sure that it has a sufficient physical stake in North American production to influence virtual trades.

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Adding to the company's presence in Beijing and Hong Kong, it will make Luxottica the leading high-end eyewear retailer in China.

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He says Beijing may soon allow local governments to license convenience stores, which may make it easier for foreign firms to establish a retail network.

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Beijing could stand to make a lot of money from collecting the tax on which it is curbing refunds.

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