Overseas investment

China's State Council, or the cabinet, last week approved the first guideline policy document for Chinese enterprises investing overseas.

The document, titled "Opinions on encouraging and regulating overseas investments by Chinese enterprises," was adopted at a meeting chaired by Premier Wen Jiabao.

The document says China's overseas investments must follow the principles of mutual respect, mutual benefit, complementarity and win-win co-operation.

It stresses the need for proper guidance and co-ordination of firms to prevent competition among Chinese businesses in order to safeguard national interests.

Blogging rules

With rumours spreading online that bloggers will be required to use their real names, the Internet Society of China (ISC) has clarified that so far the Ministry of Information Industry has not made any policies on the matter.

However, a real name system will become unavoidable if China wants to standardize and develop the blogging industry, said Huang Chengqing, ISC secretary-general.

An official with the ISC confirmed that the society is working on a real name system for Chinese bloggers, sparking debate throughout the nation's online communities.

1

2

3

4

5

(For more biz stories, please visit Industry Updates)