Commercial Service Sector Further Opened to Foreign Direct Investment
February 24, 2005
The Chinese government recently issued the Measures for the Regulation of Foreign Investment in the Commercial Sector, effective June 1, 2004 (the “Measures”), further opening up the retail and distribution sector to foreign direct investment, subject to a few exceptions. These developments are significant in view of China’s traditional policy encouraging foreign investment in the manufacturing sector while imposing restrictions in the service sector. Major service providers overseas are expected to take advantage of the new policy to establish and expand their market presence in China by leveraging their brand names and service capabilities.
Sonnenschein’s Asia Pacific Practice Group can help you with your China investment projects. For more information, please contact: Yabo Lin (ylin@sonnenschein.com) at 816.460.2553
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