The elimination of joint venture restrictions and removal of “prohibited” and “restricted” labels for foreign investment in key sectors in the new draft Catalogue Guiding Foreign Investment (CGFI) mark progress for US companies in some sectors in China. However, as the US-China Business Council (USCBC) flagged in its recommendations on the catalogue submitted to the National Development and Reform Commission (NDRC) in early December, the draft remains problematic; troublesome ownership caps...
China Market Intelligence
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