China forbids foreign investment in GM and futures companies
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Last Update: 2002-03-14
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Source: Internet
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Author: User
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Lead: Reuters Beijing, March 13: China today announced a series of areas closed to foreign investment After China's accession to the World Trade Organization in December last year, although China has opened up a large market, it has also strengthened its management in some areas China will ban overseas investment in strategic parts of the economy, including power grid construction and operation, and air transport control companies, according to an investment catalog published on Wednesday China will also ban foreign funds from investing in futures companies for fear of jeopardizing financial stability In addition, the radio and television industry is also prohibited from foreign investment The government strictly controls the media All media are under the control of the state and are not allowed to publish politically sensitive or pornographic content The catalogue also prohibits foreign investment in the production and development of genetically modified seeds The ban could harm Monsanto, the US company that is growing genetically modified cotton in China Some foreign industry officials say China has banned foreign investment in genetically modified crops in order to protect the domestic industry, which is also growing large areas of genetically modified crops Chinese officials have said the regulation of genetically modified food is to protect public health YSb
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