Wendy Zhang/ Shanghai Daily news
More than 600 foreign-invested companies got the green light to establish
distribution firms in Shanghai this year, thanks to the opening of the Chinese
distribution industry to foreign investors.
At the end of 2004, the Chinese government decided to open the distribution
industry according to its WTO commitment, with no restrictions on foreign
investors to enter the sector. Last year, more than 380 foreign-invested
distribution companies were allowed to launch in Shanghai, whereas before that,
around 10 of these companies were in the city.
The Japan-based Fujitsu Limited and the Shanghai Rongheng International
Trading Corp. (a subsidiary of Oriental International Group) have jointly
established a distribution company in the city recently, with the Japanese side
holding 85 percent of the shares.