Foreign Businessmen Entering China's Retail Trade

In July 1992, the State Council decided to establish one or two jointinvested retail businesses in six cities and five Special Economic Zones, including Beijing, Shanghai, Guangzhou, Tianjin, Dalian and Qingdao. So far, 16 joint-run experimental businesses, including a Taiwanese one, have been approved by the Council, most of which are large comprehensive commercial facilities. At present, three of them are