Grandall Legal Group (Beijing)
Wang Weidong
[email protected]
In November 2008, the Chinese government decided to stimulate domestic demand by announcing a Rmb4 trillion stimulus package through to the end of 2010 covering 10 key areas. An unofficial estimation of between Rmb1 billion and Rmb1.2 billion will be additionally funded by local governments and various industries.
In 2009 the government implemented the relevant regulations and rules to expand investment channels in order to encourage diversified investment and to enhance investment market activities. These regulatory changes include
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