China Adds Limits on Foreign Investment

SHANGHAI — China's economic planning agency has issued restrictions on foreign investment in real estate and other industries, part of a range of measures aimed at righting imbalances in the economy.

A lengthy list of revised rules that take effect Dec. 1 imposes bans on foreign investment in some businesses such as golf courses, gambling, genetically modified crops, traditional teas, film production and weapons manufacturing, according to a document seen Thursday on the Web site of the National Development and Reform Commission.

Many of the restrictions match a list issued by the NDRC in 2004. The reissuance of the rules suggests that some, such as limits on foreign investment in real estate, were not adequately enforced.

State media reports played up the limits on real estate investment, although apart from the ban on investment in golf courses and in real estate agencies, the list matches current regulations.

Foreign direct investment in China rose almost 11 percent in January-September over the year before to $47.2 billion, the reports said. Of that total, foreign investment in property development accounted for $5.7 billion.

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