Principles on Encouraging Foreign Investment:

1. Projects which bring in new technology to agriculture or involve comprehensive agricultural development or engage in the development of energy, transportation, municipal infrastructures, and essential raw materials industries;
2. Projects which involve hi-tech or advanced technology, or are able to improve the performance of products, boost R&D ability, save energy and raw materials, enhance enterprise’s technological and economic benefits, produce new machinery or new materials that are scarce in the domestic market;
3. Projects which can upgrade products so as to meet the demands of international market and therefore increase China’s foreign exchanges earning through increased export;
4. New technology and new equipment projects which make comprehensive use of natural resources and resources capable of being recycled, and prevent environmental pollution;
5. Projects which are supportive to the development of Shanghai’s 6 pillar industries, namely, auto industry, communication information equipment, power station equipment, petrochemical and fine chemical industry, consumer electronics and steel industry; projects which involve the development of computer and IC, current bio-technology and medicine, new materials, new type of building materials and environmental protection equipment;
6. Projects which are compatible with the city’s plan to rearrange the industry within the city’s inner-ring road and which are conducive to relocation of enterprises within the inner-ring road to the city’s industrial development zones in the six suburban counties and three suburban districts;
7. Projects in the real estate sector which can develop large scales of land or which can demolish old, shabby, deteriorated houses and build new ones in the urban areas for local residents through purchase of land use right;
8. Projects which are encouraged by the State law and regulations. Projects if deemed encouraged enjoy preferential treatment in accordance in accordance with related State laws and regulations. Besides, those engaged in the building and operation of energy and transportation infrastructure (such as electric power, local railway, high way, and port) which need a big amount of investment and a long period of capital return can widen their related business scope upon approval.

Motorola vice president and China mobile terminal business general manager Ren Weiguang said on Thursday that he intends to resign this week. Motorola China president Gao Ruibing will serve as general manager in the interim.

Ren joined Motorola in April, 2004, is responsible for all China GSM-related businesses, but the badly performeance of mobile phone business become the the main reason for Ren’s leaving.

The company reported revenue of $7.48 billion for the three months ended Sept. 27, down from $8.81 billion for the year-earlier quarter, and made a net loss of $397 million, a sharp drop from its net profit of $60 million a year earlier. The company losses amounted to a loss of $0.18 per share. Analysts polled by Thomson Reuters had expected earnings of $0.02 per share.

Revenue from mobile devices totalled $3.1 billion for the third quarter, down 31 percent from a year earlier, while the division’s operating loss ballooned to $840 million from $248 million a year earlier. The quarter’s losses include charges related to the company’s plans to simplify its product portfolio and the software platforms it uses.

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