No Threat Of Foreign Monopoly In Any Industry – Report – Jiang Wei

From China Daily:

The country does not face an imminent risk of by foreign companies in any industry, according to the China Report 2007 released by the Ministry of Commerce.

Wang Zhile, director of the Multinational Enterprise Research Centre affiliated to the Ministry of Commerce, made the observation in an essay for the report in response to people’s rising concerns about possible foreign monopolies in the country.

He explained that although foreign investors do have a large market share in certain industries, it does not necessarily mean monopolies. [Full Text]

Read also Ministry: Overseas-funded Companies Top 610,000 In China, Financial Policy Changes To Back Outbound Investment and Chinese Enterprises Arise As Popular Investors On Global Market by Xinhua.

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