Liaoning Province to give control of State owned enterprises to foreign investors

16-Sep-05
Liaoning Province has announced a positive policy which could help the region attract more foreign investment. International investors may take full control of almost all State-owned enterprises (SOEs) in Northeast China's Liaoning Province. The ceiling percentage for foreign investment is 51 to 100 per cent. The only exceptions to the new rules would be SOEs under control of the central government and coal mines. International co-operation had been restricted to small and medium-sized SOEs and private companies. 200 items from various sectors including petrochemicals, will be pushed by Liaoning for international co-operation.
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