And there are plenty of other obstacles in the way of both local and foreign entrepreneurs.
Two problems facing Chinese brands are the country's chronic inventory gluts and stiff local and foreign competition.
And a pet project is the Multi-Media Super Corridor, which is attracting local and foreign IT companies.
Increasing investment by both local and foreign investors is also supporting solid growth.
Although the limit applied to local and foreign banks, the July rules followed complaints by lawmakers about foreign ownership in some industries.
Private security, local and foreign, is being hired to protect the citizens.
First, the local assemblers get better each year, and the technology and quality gap between the local and foreign brands continues to close.
Journalists at the Centre will also be able to consult local and foreign newspapers there, as well as despatches from AFP, the French news agency.
Local and foreign investors are already unnerved by a global slowdown.
Now, owing to liberalization and deregulation, a host of newcomers -- local and foreign -- have entered the market and are battling one another for share.
Mortenson has selected areas where it was not harder for local and foreign media and researchers to attest such splendid education projects that Mortenson had started.
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Every summer, local and foreign volunteers converge on Lake Baikal, the oldest, deepest and largest lake on Earth, to signpost and improve the hiking trails that skirt the water.
Second, says Paul Benneworth, a regional development researcher at Newcastle University, closures of local and foreign-owned factories have pushed redundant skilled managerial employees into their own ventures.
According to estimates from analysts as well as local and foreign banks, Peru will register the lowest inflation rate in Latin America during this year and 2009.
With 17, 000 or so local and foreign aid-workers in Darfur trying to help the victims, the relief operation is still the largest of its kind in the world.
In response, regulators have cut trading costs, are reforming new listing rules and are encouraging long-term institutional investors such as pension funds, both local and foreign, to enter the market.
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This will eventually be the site of Science City, a high-tech park covering nearly 20 square miles, where the Hefei government is offering massive financial incentives to high-tech companies, both local and foreign.
Afghan journalists can get help there with their work, sign up for courses, use a library and modern communication and publishing equipment, and attend discussions and lectures given by local and foreign guests.
Renong, with interests ranging from construction and property to financial services, is billions of dollars in debt and admits it is unable to service both local and foreign loans with some 50 banks.
In July, Indonesia announced rules that would limit some stakes by local and foreign banks in Indonesian lenders to 40%, and said that any further increase in stakes will need another set of approvals.
In Freetown, the smashed-up capital of Sierra Leone, where hotels charge New York prices for rooms and meals, another moneyed elite (both local and foreign) inflates the price of everything from toothpaste to bananas.
Fishing is the main economic activity along the coast but ask the fishermen how the work is going and many complain fish stocks are dwindling partly because of the activities of local and foreign trawlers.
Within a generation, the domestic economy is expected to be more important to investors, both local and foreign, than the old China manufacturing story was in the 1980s, 1990s, and the early half of the 2000s.
And, finally, the protection of intellectual property rights has improved significantly, and that should help local entrepreneurs and foreign entities set up shop in China without the fear that they are days away from having their intellectual property ripped off.
The opposition hoped that having ceded finance and other key ministries, they would get energy, local government and foreign affairs.
In addition, over 8, 000 state, local, and foreign police leaders from all 50 states and from nations around the world have graduated from our 66 year old National Academy program.
Oishi quickly won the ready-to-drink tea market, surpassing genuine Japanese brands such as Kirin and Pokka, and fending off foreign and local newcomers that also conveyed messages of a clean, green Japanese lifestyle.
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The central bank last year cut interest rates and raised reserve requirements for foreign and local banks in an unorthodox attempt to deter rising capital inflows.
Plans for vague and retrospective taxes dismayed investors, foreign and local.
Between 2005 and 2008 some foreign banks and several local ones got caught by a mini-boom in unsecured loans to consumers that quickly soured.
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