New 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.
Freshfields Bruckhaus DeringerWhile the Chinese central government has long prohibited the practice of "guaranteed fixed returns" whereby the Chinese party…
Promulgated: July 23 2002Effective: as of date of promulgationApplicability: The Provisions apply to the permission of commencing business and the daily…
China's US$400 billion construction industry already accounts for nearly 7% of the country's GDP, and anyone who has visited China in recent years will…
Issued: September 25 2002Effective: October 1 2002Applicability: The Provisions apply to the invitation for bids for project legal persons for the following…
Promulgated: September 6 2002Effective: November 1 2002Applicability: The Regulations apply to the invitation and submission of bids for construction projects,…
