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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)

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Nov 6 4:00 PM EST

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To: Charles A. King who wrote (9947)	10/19/1998 8:39:00 AM
From: Charles A. King	Read Replies (1) of 13091

Foreign Investment in China Beginning to Rebound CHANGSHA, October 19 (Xinhua) -- After a two-year slow-down, foreign investment involved in contracts China signed from January to August rose to 31.7 billion U.S. dollars, a year-on-year increase of eight percent, according to Sun Guangxiang, Vice-Minister of Foreign Trade and Economic Cooperation. This means that China has survived some of the fallout from the Asian financial crisis, Sun told a recent forum on foreign investment in western and central parts of China. He said the country will continue to focus on direct foreign investment by opening up more competitive industries like petrochemicals and construction, and experiment with domestic commerce, foreign trade, accounting, legal consulting and tourism. Sun said the Chinese government will make an effort to improve its legal system relating to foreign investment and take steps to stop illegal levies imposed on foreign-funded enterprises. He said that the western and central regions have their own advantages and for foreign investment like cheap labor and potential markets. chinanews.org Charles

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