BIZCHINA / Investment Alerts
China opens publication distribution, printing areas
(Xinhua)
Updated: 2006-09-14 14:32
A Chinese official on Thursday said China has met its commitment to the
World Trade Organization (WTO) to open its publication distribution and
printing sectors to foreign enterprises.
Liu Binjie, vice director of the State Press and Publication
Administration said although the Chinese government prohibits foreign
enterprises from being the sole publisher of their own books in China,
the distribution of approved books and publications is fully open to
foreign and domestic enterprises in China.
He said the Chinese government has ratified 38 overseas-invested
publication distribution enterprises to operate in China and 14 of them
are entitled to wholesale distribution rights.
"Enterprises with exclusive ownership, joint venture and share holder
enterprises are all allowed to operate in the publication and
distribution sector, " said Liu.
He also said the Chinese government has currently approved more than
2,000 printing enterprises with exclusive foreign ownership or jointly
invested by overseas and domestic capital to run businesses in China.
(For more biz stories, please visit Industry Updates)
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