China's National Development and Reform Commission (NDRC) and the Commerce Ministry released on Wednesday a new set of prescriptions for desirable foreign direct investment. The recommendations will take effect in December 1:
Foreign firms will now be banned from building or managing golf courses; in the past, they fell into the restricted category. The [NDRC] set out a very specific shopping list for investment in a range of sectors, from automobiles to printing machinery to electronics. For example, only investment in high-performance digital cameras with a resolution of 6 megapixels or above will be encouraged.
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