Implementing Regulations finally come out after the promulgation of the PRC Law on the Invitation for and Submission of Bids in 1999, preventing the restriction or preclusion of potential bidders.
After 12 years of waiting, some Implementing Regulations have begun to clarify and expand upon a Tendering and Bidding Law that left many issues open to interpretation
After 12 years of waiting, some Implementing Regulations have begun to clarify and expand upon a Tendering and Bidding Law that left many issues open to interpretation
The Catalogue has been revised since the 2007 revision. Venture investment enterprises and intellectual property services are added to the encouraged category while the manufacture of assembled automobiles is removed from the category.
The PRC government rolled out numerous measures to rein in soaring housing prices this year, but that's not the only story from this sector. In addition to the implementation of Circular 698 and the toughened stance of Circular 186 on foreigner purchase restrictions, the real estate market is gearing up for an injection of fresh investment from insurance companies
