China to let private funds into defense
Print Edition
CHINA will open its defense sector to private enterprises by relaxing market access for military products.
Measures will include lowering market access requirements, reducing approval procedures, improving the pricing mechanism for military products and taxation policy, said the People’s Liberation Army’s General Armament Department.
The department said it will open a website for military procurement, regularly publicizing information on the demand for weapons and other equipment.
It will strive to ensure fair market competition to encourage private enterprises to participate in the research, production and maintenance of military equipment.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
