CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. China To Encourage Foreign Mining Investment

China To Encourage Foreign Mining Investment

by Mary Swire, for LawAndTax-News.com, Hong Kong

29 December 2003


A white paper issued by the mainland Chinese government has established a policy to encourage foreign exploration of mineral resources in the country's largely unexplored western region. The government says it will offer incentives to draw more technology, management know-how and talent into the mining industry. "The vast western region, deeper mining layers of the east and offshore territories are only lightly explored," the paper says. "These are areas for future development."

The central government opened up mineral exploration in 2000, and is thought to be disappointed by the low level of foreign interest so far. "The Chinese government has kept to its promises arising from its entrance into the World Trade Organisation," Xinhua quoted the white paper as saying. "It has eradicated regulations that do not agree with rules set by the organisation and granted foreigners the same mining rights as Chinese citizens."

China's booming manufacturing sector is hungry for metals and minerals of many types, and China is far from self-sufficient in most primary inputs; in aluminium, for instance, domestic production fell from 69.7% of of demand in 2000 to 51.9% this year.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »