Weekly Market Update video provided online at http://www.techniquetradingsolutions.com
This weeks analysis includes the review of the DJUSIX, DJUSWC, POT, SUN, CHL, IYZ, XLF, DTSI, IP, and the S&P 500.
Over the weekend, the Chinese Government has implemented changes to its telecommunications policy.
(CHL)- 09/13/2008-BEIJING - China has eased access for foreign investors to its booming telecommunications industry by cutting minimum required investments but retained a ban on foreign majority ownership of ventures.The Cabinet decision Friday could help to attract new investment into an industry that is undergoing a sweeping government-mandated restructuring aimed at boosting competition.The minimum capital required for a foreign-financed company to offer national-level or local basic services was cut by 50 percent, according to a notice on its Web site.
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