Grand Opening: New Rules for Foreign Investment Break Open China's Commercial Sector

The new Procedures represent China's WTO commitments to remove restrictions in wholesale and retail industry against wholly-owned foreign enterprises, introduce more permissible retail and wholesale activities, and simplifies approval process.

8 minute readMay 02, 2004 at 12:58 AM

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By Shirley Xu and Randall Peerenboom, Yiwen Law Firm

The Ministry of Commerce (MOFCOM) issued the Administration of Foreign Investment in the Commercial Sector Procedures (商务部外商投资商业领域管理办法)(the Procedures), on April 16 2004 with effect as of June 1 2004. The

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