China announced a regulation to standardize and encourage the establishment of joint venture enterprises by overseas investors. The regulation will take effect from March next year. The regulation defines those joint venture enterprises as those set up by more than two overseas investors or by an overseas investor and a Chinese investor. The regulation covers both enterprise and individual investors. It also applies to investors from the Hong Kong, Macao and Taiwan. But it is not fully applied to investment-oriented partnership. (Source: Xinhua)