Residents in Pudong afford to open joint-venture firms

Report says Pudong New Area will launch a trial program for its residents as shareholders to establish joint-venture projects, in order to absorb new foreign capitals.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

All kinds of investors are allowed to set up cooperated projects in diversities in the district, to add momentum after twenty year’s development.

Wang Ming, researcher with Shanghai Institute of International Economy and Trade, indicates the trial program represents the upgrading of the nation’s economic growth and the improvement of the integrated environmental condition and it implies the new step that Pudong government done for the purpose by the idea of “strengthen the policy and be the first to do”

For a long time, domestic residents are seldom dipping into joint-venture business because of their powerlessness and less credibility, though they have the right to do so when approved in the related regulations.