From AFP:
China has released new rules to prohibit or limit foreign investment in the latest tightening move that signals a major overhaul in outlook of the nation’s booming but flawed economic model.
In a wide-ranging directive published late Wednesday, China’s key economic developmental agency laid out a comprehensive list that at its root highlights what it wants from overseas firms in an economy long dependent on their funds.
The long-awaited review not only unveiled Beijing’s future development plans but also suggested a concerted effort to slow the economy’s spectacular but unrestrained growth that has horribly damaged its environment, analysts said. [Full Text]
