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What is the progress that China has made in its opening to the outside world in the commercial field?
What is the progress that China has made in its opening to the outside world in the commercial field?
China has so far approved 46 retail joint ventures and one wholesale joint venture. In light of the commitments that China made for its accession to WTO, the competent authority is formulating the new "Provisional Methods for Management of Foreign-invested Commercial Enterprises" with the aim to further expand the opening of the commodity circulation field. The methods primarily involve the following contents:
(1) The experimentation of commercial field's utilizing foreign investments will be shifted to normalized opening. On the basis of "Experimental Methods for Foreign-invested Commercial Enterprises" currently in effect, the "Provisional Methods for Management of Foreign-invested Commercial Enterprises" will be formulated.
(2) Expanding the scope of the opening with the focuses on chain operation and commercial distribution.
(3) Accelerating drawing up business development planning.
(4) Loosing the conditions for establishing foreign-invested commercial enterprises.
(5) Permitting foreign enterprises to participate in the reorganization of domestic commercial businesses, especially the state-owned ones
