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The State Administration of Radio, Film and TV, or SARFT, says China will allow more foreign investment in the film and TV industry.
A SARFT spokesman says the administration and the Commerce Ministry have jointly issued new regulations, allowing foreign businesses to establish joint-ventures with Chinese film production companies.
The spokesman says cooperating with foreign companies will attract more money and experience to China and stimulate domestic enterprises to produce high-quality programs.
(CRI November 29, 2004)
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