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And, starting May 1, foreign companies will be allowed to apply for licenses to conduct oil and gas exploration and production. Last year, the Chinese government implemented a "negative list" system that allows foreign investment in any sector not explicitly prohibited. And, the new foreign investment law allows 100 percent foreign ownership in most areas and treats foreign firms as legally the same as domestic firms.
And this is evident by the adverts placed on local dailies inviting entrepreneurs wishing to travel to the big city. The entrepreneurs are offered subsidized costs in hotel books and air ticket on a first come basis.
Anhui Jianghuai Automobile Co Ltd, better known as JAC Motors, reported operating revenue of 14.63 billion yuan in the first three months, up 13.76 percent year-on-year. However, the net profit attributed to shareholders fell 69.13 percent to 65 million yuan.
And law enforcers have launched an on-the-spot investigation into Foshan Nanhai Heyi Meat Co, which was reported by local media as being suspected of slaughtering dead pigs and selling the pork to local meat and vegetable bazaars on Saturday.
Andrew Miles, president of Sam's Club China, said the outlets are "a testimony of the company's commitment to its members and China".
来源：资阳报