| Abstract | In China practice often precedes the written law in establishing the rules. The opening of wholesale and retail trade to foreign investment reflects this fact appropriately. Until 1992, when the Chinese Government decided to open the door slightly, the wholesale and retail sector stayed closed to foreign investors. In addition to the five Special Economic Zones (Shenzhen, Zhuhai, Shantou, Xiamen, Hainan), six municipalities (Beijing, Shanghai, Tianjin, Guangzhou, Dalian and Qingdao) have been nominated to receive "on a trial basis" the first foreign investment in retail trade. |
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