Text: | Print|

    China allows private investment in army equipment

    2014-05-30 07:54 Xinhua Web Editor: Qin Dexing
    1

    China will open its defense sector to private enterprises by relaxing market access for military products.

    Concrete measures will include lowering market access requirements, reducing approval procedures, improving the pricing mechanism for military products and taxation policy, according to the People's Liberation Army's General Armament Department.

    The department said it will open a website for military procurement, regularly publicizing information on the demand for weapons and other equipment.

    It will strive to ensure a fair market competition to encourage private enterprises to participate in the research, production and maintenance of military equipment.

    China began addressing private investment in defense sector in 2010 and pledged equal treatment to private investors in the industries and state-owned military enterprises in a 2012 guideline.

    Comments (0)
    Most popular in 24h
      Archived Content
    Media partners:

    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.

    主站蜘蛛池模板: 永善县| 务川| 泌阳县| 张家口市| 云和县| 碌曲县| 神池县| 文山县| 汽车| 兴隆县| 凤翔县| 育儿| 策勒县| 鄂托克前旗| 普安县| 上蔡县| 潮安县| 缙云县| 乾安县| 岳西县| 保定市| 六枝特区| 天等县| 湖州市| 荔波县| 信阳市| 卓资县| 新宁县| 滁州市| 涞水县| 顺昌县| 桃园市| 神农架林区| 旌德县| 永州市| 江油市| 马关县| 龙游县| 芦溪县| 凌海市| 揭阳市|