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By Jiang Wei (China Daily)
Updated: 2007-08-07 10:24

Related readings:  Share reform extended to key weapon producers  Military-related industries eye public listings  China encourages share-holding reform in defence industry

According to Zhang Huipeng, section chief with the department of policies and regulations under COSTIND, the regulation was not clear enough for either applicants or the executives.

"The newly-published implementation method is like a roadmap for private investors," he said.

"They will understand clearly which government agency to go to and what documents to submit."

Zhang declined to disclose the number of private businesses that had been awarded licenses for weaponry research and production.

He said the commission was working on similar policies on foreign-invested businesses and was likely to come up with a separate arrangement.

 

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