By Sam Feng, Sinclair Roche & Temperley, Shanghai
On January 31 2003, China issued new regulations that aim to accelerate the development of the country's foreign trade sector by introducing greater foreign competition.
Gaining Access to China's Foreign Trade Industry
Joint venture trading companies are now allowed on a wider scale. Trading companies can now be set up anywhere in China, the registered capital requirements and requirements for investors are less restrictive than in previous regulations, and the scope of business is wider.
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