China sets out foreign restrictions
November 8, 2007 - 7:49AM
China issued on Wednesday a new set of guidelines for foreign direct investment, detailing sectors in which it will either promote, restrict or ban foreign investment.
The guidelines, which take effect on December 1, update the existing set, issued in late 2004.
For example, while China will now bar foreigners from projects mining rare minerals or those that are non-renewable, it will continue to encourage them to put money into difficult mines or those in under-invested areas.
Foreigners will also be prohibited from investing in small and mid-sized refineries.
Foreign firms will now be banned from building or managing golf courses; in the past, they fell into the restricted category.
The new regulations also state that foreign companies will be banned from investing in news websites, internet audio-visual services and web cafes.
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Destee
November 8, 2007 - 7:49AM
China issued on Wednesday a new set of guidelines for foreign direct investment, detailing sectors in which it will either promote, restrict or ban foreign investment.
The guidelines, which take effect on December 1, update the existing set, issued in late 2004.
For example, while China will now bar foreigners from projects mining rare minerals or those that are non-renewable, it will continue to encourage them to put money into difficult mines or those in under-invested areas.
Foreigners will also be prohibited from investing in small and mid-sized refineries.
Foreign firms will now be banned from building or managing golf courses; in the past, they fell into the restricted category.
The new regulations also state that foreign companies will be banned from investing in news websites, internet audio-visual services and web cafes.
Click Here To Read Entire Article
Destee