The National Peopleβs Congress adopted the Law on Wholly Foreign-Owned Enterprises, extending the legal forms available to overseas investors. Chinese authorities sought capital, technology and export...
The trade responsibility system expanded enterprise and local authority to negotiate foreign trade while requiring them to bear more of the financial results. It reduced direct administrative...
Regulatory changes in 1992 simplified the approval and operation of foreign-invested firms and reinforced export-oriented production. The state continued to negotiate entry conditions and select...