Foreign investments in emerging industry urged
Updated: 2011-06-07 17:19
By Yin Mingzhe (chinadaily.com.cn)
Several ministries and commissions such as the Ministry of Science and Technology and National Development and Reform Commission (NDRC) are enacting supportive policies or laws to provide the institutional framework for foreign investments in emerging industries, the newspaper reported.
"The current draft of the Catalog for the Guidance of Foreign Investment in Industries includes many new items favorable to the emerging industries compared with the amended edition in 2007," a staff member with the NDRC told reporters.
Favorable national policies also are encouraging local governments to attract foreign investments in emerging industries such as clean energy, the report said.
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