China Business & Economy

China Releases Rules to Further Tighten Grip on Private Firms

China Releases Rules to Further Tighten Grip on Private Firms
People walk past movie theaters of the U.S. cinema chain AMC Theatres in Monterey Park, east of downtown Los Angeles, California, on May 22, 2012. Frederic J. Brown/AFP/Getty Images
Annie Wu
|Updated:

In the latest move to further control privately owned businesses, China has issued a set of rules to rein in foreign investment.

On Dec. 18, a document was released to Chinese media outlining guidelines for private firms with foreign investments. The rules came from five Chinese Communist Party (CCP) bodies, including the Ministry of Commerce, the People’s Bank of China, and the Ministry of Foreign Affairs.
Annie Wu
Annie Wu
Author
Annie Wu joined the full-time staff at the Epoch Times in July 2014. That year, she won a first-place award from the New York Press Association for best spot news coverage. She is a graduate of Barnard College and the Columbia University Graduate School of Journalism.
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