New rules for foreign investors
Source: Xinhua |
May 1, 2010, Saturday
|
Print Edition
Print Edition
THE Ministry of Commerce has released regulations concerning foreign investment in China's central region.
The region -- which includes the provinces of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan -- should attract high-end green industries with policy incentives and guidance, the regulations say.
It should give priority to manufacturing while eying investment in other sectors such as agriculture, sophisticated processing industries, trade, finance, education, culture, tourism and leasing.
The region should nurture business-friendly policies and slash transaction costs to attract businesses considering moving inland from the coastal regions.
The rules call for rectifying any practices that disrupt business operation, including authorities' arbitrary law enforcement.
The rules also urged a market-oriented administration system consistent with international rules.
The ministry also pledged to establish state-level industrial transfer demonstration zones and to improve provincial industrial parks.
The region -- which includes the provinces of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan -- should attract high-end green industries with policy incentives and guidance, the regulations say.
It should give priority to manufacturing while eying investment in other sectors such as agriculture, sophisticated processing industries, trade, finance, education, culture, tourism and leasing.
The region should nurture business-friendly policies and slash transaction costs to attract businesses considering moving inland from the coastal regions.
The rules call for rectifying any practices that disrupt business operation, including authorities' arbitrary law enforcement.
The rules also urged a market-oriented administration system consistent with international rules.
The ministry also pledged to establish state-level industrial transfer demonstration zones and to improve provincial industrial parks.
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