Foreign-invested Construction Rules in the PRC: Building the Future?
November 30, 2002 | BY
clpstaff &clp articlesNew regulations from MOFTEC and the MOC mean that for the first time wholly foreign-owned construction companies can undertake work in China. However, some provisions remain ambiguous and may actually constitute hurdles for foreign investment in the PRC construction industry.
Share:
By Lisa Luo, Associate, Minter Ellison, Hong Kong
On September 27 2002, the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) and the Ministry of Construction (MOC) released the long-awaited Administration of Foreign-invested Construction Enterprises Provisions (外商投资建筑业企业管理规定) (Foreign Construction Provisions), which came into effect on December 1 2002.