11.06.2001
"Aggressive opening, effective management"

• It is reported that President Chen will announce a change in China investment policy in the next two days, to become effective in January 2002. Following a decision reached by the Economic Development Advisory Council at the end of August, the current "no haste, be patient" policy will be replaced by "aggressive opening, effective management". Furthermore, a panel will be formed on Nov. 16 to revise the list of prohibited investment items. The upstream petrochemical, silicon wafer and notebook PC industries are expected to be affected. The government currently has in place a US$50m cap on investment in China.