China marks new policy with joint venture law to encourage investment
Journal Article
·
· Bus. Am.; (United States)
OSTI ID:6068763
The People's Republic of China, in a significant departure from former policies, has adopted a joint equity venture law to encourage foreign investment in China. The more flexible policy will increase China's export earnings as well as bring technology into the country and train its labor force. Foreign investors, however, are asking for clarification of how joint ventures will be managed, what taxes and fees China will impose, and the terms for repatriating some of the profits. A translation of the law is reprinted, and its implications for investment and trade are examined. Among the considerations to be explored are the length of time needed for bilateral negotiations; how to assess the value of China's contribution of land, infrastructure, and installation; the reliability, scheduling, and quality of China's material input; labor relations; and other matters.
- OSTI ID:
- 6068763
- Journal Information:
- Bus. Am.; (United States), Journal Name: Bus. Am.; (United States) Vol. 2:18; ISSN BUAMD
- Country of Publication:
- United States
- Language:
- English
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