Foreign Traders Given Wider Access to Technology Market

2002/12/01

A series of new regulations is being implemented to further widen Beijing's technology market to all trading entities, including foreign.

The new rules cover all activities conducted in the city's technology market, including development, transfer, consultations and services.

Foreign research institutions have been a major factor in the surge in Beijing's technology trade. In 2001, trade contracted by foreign technological research institutions was worth 2.659 billion yuan, accounting for 13.92 percent of the city's total contracted trade.

The Beijing market mainly deals in electronic technologies, bioengineering, new medicines, new materials and other advanced areas. Currently, the technology market has more than 3,900 sellers and 150 trade agencies.



	Article featured in Beijing This Month, December 2002 Publication sponsored by Information Office of the Beijing Municipal Government, Beijing Municipal Bureau of Tourism