China halts telecom purchase, but lets foreign deal proceed.

Australasian Business Intelligence, October, 2002

Oct 02, 2002 (The Asian Wall Street Journal - ABIX via COMTEX)

The Chinese Government appears to be more willing to accept foreign investment than domestic private investment in the telecommunications sector. While Jinzhou Port Company's attempt to invest in Jitong Network Communications has been officially vetoed, a number of foreign investors, including Goldman Sachs and News Corporation, have been allowed to invest in China Netcom Corporation. The Chinese Government agreed to allow limited investment by foreign firms as part of the country's entry into the World Trade Organisation.

Publication Date: 1 October 2002

JINZHOU PORT COMPANY LIMITED: 
JITONG NETWORK COMPANY: 
CHINA NETCOM CORPORATION LIMITED: 
THE GOLDMAN SACHS GROUP...

            
        
    
    	    
                
                
	

		

					 
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