New Rules For Foreign Advertising Companies
Foreign advertising companies are now allowed to offer design,
production, publication and other types of advertising services for
Chinese and foreign clients, state media reports. However, a regulatory
approval is necessary. Joint ventures between Chinese and foreign ad
companies can now be approved as long as all investors are working in
the advertising industry for at least two years. The setting up of a WFOE
requires three years of work experience.
Beijing Starts New Subway Lines
Beijing has announced it will start construction of two new subway lines this year. "This week planners will begin work on Line 7 and
Line 14," state media quotes Zhou Zhengyu, Deputy Chief of the Beijing
Municipal Committee of Communications. If time allows, construction on
line 15 will also begin this year, he added. Currently, Beijing has
eight subway lines with a total line network of 200 kilometres.
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