China halts foreign investment in production companies

By 2006-12-11T00:00:00

A senior Chinese governmentofficial has confirmed that China has halted new foreign investment in film and TVproduction companies. The move overturns aregulation introduced in 2003 which allowed foreign companies to take stakes ofup to 49% in local production houses or Sino-foreign joint ventures.'Our policy is totemporarily not approve the creation ...

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