China: Emphasis put on attracting international investors
China will further open up its vast domestic market to global investors in the next five years as part of ongoing efforts to foster innovation-driven and high-quality development, officials and experts said.
“China will raise the level of opening-up in an all-around manner during the 14th Five-Year Plan (2021-25) period,” said Ning Jizhe, deputy head of the National Development and Reform Commission. “We will further advance liberalization and facilitation in trade and investment, continue to promote opening-up based on flows of goods and factors of production, and give greater emphasis to opening-up based on rules and related institutions.”
Emphasis put on attracting international investors--China Economic Net
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Press Release – Land Information New Zealand
A decision by the High Court in Auckland has found West Drury Holding Limited (WDHL) breached the Overseas Investment Act rules when purchasing sensitive land in Drury in June 2017.
WDHL admitted that a shareholder who held 39 percent of its shares was an overseas person when the company purchased the $9.2 million property in Drury.
Therefore, the company is considered to be an overseas person and it should have sought consent to buy the property.
The company told the court it didn’t know it needed to apply for consent because the shareholder held a residence class visa. However, the shareholder did not meet the definition of ordinarily resident under the Overseas Investment Act as he was not residing in New Zealand with the intention of residing here indefinitely.