[photopress:china_real_estate.jpg,full,alignright]According to guidelines it posted on the ministry website the Commerce Ministry will severely restrict foreign investment in the property sector. But the guidelines gave no details on the proposed restrictions.
The ministry also said that it will direct foreign strategic investors to public firms and encourage further cooperation between foreign and local private companies.
The favored sectors for foreign investment in China are high technology, advanced manufacturing, energy-saving projects and environmental protection, modern agriculture and the service industries.
In 2006, foreign investors set up 41,485 companies in the country which was down 5.76% on the previous year.