Opening up to foreign investment

December 18, 2008 | BY

clpstaff &clp articles

New sectors are expected to open in 2009

Last year, regulatory changes were made in sectors such as banking, franchising, advertising, securities, telecoms and aviation; all these industries then experienced rapid development. In the year ahead, further expansion will take place as a result of the expected regulatory steps, although the weak economy means a cautious approach is needed. These are the likely developments:

Advertising

· The Provisions for the Administration of Foreign-invested Advertising will encourage more foreign-invested advertising companies to enter the PRC

Aviation

· Direct flights between the mainland and Taiwan will further enhance the industry

· Sixteen terminals for passenger charter flights will be opened in Chengdu, Chongqing and Shenzhen

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