"The Chinese ministry of commerce came up with the idea two years ago, " recalls Faisal.
Unfortunately, the Ministry of Commerce's decision was perhaps the inevitable result of ongoing political developments.
The 2006 rules reiterate that all acquisitions of Chinese companies require approval from the Ministry of Commerce.
The Chinese Ministry of Commerce rejected the deal in a high-profile test of its then-new anti-monopoly law.
Spokespeople for China's Ministry of Commerce and State Administration of Foreign Exchange didn't respond to requests for comment.
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The approval comes a month after the ministry of commerce cleared Yum Brand's takeover of Little Sheep Group.
To date, the Ministry of Commerce has yet to grant a single round-trip investment approval under the 2006 rules.
Therefore, events are working against Zhou Xiaochuan, and so is Chen Deming, the boss of the Ministry of Commerce.
On Thursday, the Ministry of Commerce denied the existence of such a prohibition.
The Xinhua news agency cited a joint announcement from the Ministry of Commerce and the National Reform and Development Commission.
So far 22, 155 Chinese workers have been accounted for, the China Daily reported, citing numbers from the Ministry of Commerce.
Immediately following the announcement, Shen Danyang, spokesman for the Ministry of Commerce in Beijing, said the U.S. was being protectionist.
Last week, for instance, China's Ministry of Commerce announced it will reduce by 72% China's exports of rare earth minerals.
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Also on Thursday, the Ministry of Commerce confirmed that problems in the core economies have taken a toll on Chinese exports.
Asean is China's third-largest trading partner, according to China's Ministry of Commerce.
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In a statement, the country's Ministry of Commerce said it "deeply regrets" the decision, but confirmed that the People's Republic will adhere to it.
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Despite the sour grapes expressed by Huawei and its patron, the Chinese Ministry of Commerce, the United States is open and ready to welcome Chinese investment.
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"When a market collapses, the recriminations over unfair practices of others begin, " noted an unnamed official in Beijing's Ministry of Commerce to the South China Morning Post.
More than 20 ministries and departments, led by the Ministry of Commerce, will hold a two-day conference about logistics and cost-related bottlenecks that get passed on down to consumers.
"Directing unsubstantiated criticism at China on the exchange-rate issue will only help U.S. protectionism and will not help toward a real solution to the issue, " blasted the Ministry of Commerce.
The Ministry of Commerce in 2010 said India should consider raising the limit to 74% as it would encourage the transfer of proprietary technology to India, bring in funds and boost exports.
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While a handful of pundits and investment managers tend to doubt any economic figures out of Beijing, the Ministry of Commerce tried to respond to those concerns Friday during its regular press briefing.
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At a routine news conference, Ministry of Commerce spokesman Yao Jian told reporters Monday that China is "deeply worried" that "some countries" will give preference to locally made products in their stimulus plans.
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In reaction to the statements by China's Ministry of Commerce, Mr. Plummer said that it was entirely normal for a country to express concern about "unfair treatment" of a company headquartered in its borders.
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Government representatives from the Ministry of Commerce, the State Council, the Ministry of Foreign Affairs and various Chambers of Commerce were all bullish on the opportunities for Chinese enterprises to go out and succeed.
The Ministry of Commerce is planning to assist manufacturers in identifying new markets beyond the U.S. and Europe, particularly India which is going through its own middle class expansion, albeit from a much lower base.
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The 2006 rules marked an attempt to assert Beijing's authority to approve offshore transactions as if they were occurring onshore, introducing a new requirement to obtain approval for the round-trip investment from the Ministry of Commerce.
Evergrande spokesman Jimmy Fong says his company, which has 112 property projects in 62 cities, chose to raise dollars rather than yuan because it already had approval from the Ministry of Commerce to bring dollars into China.
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Meanwhile, papers including the China Daily also report on the comment by Wang Shouwen, foreign trade head at the Ministry of Commerce, which warns that China's foreign trade " is facing a severe situation next year".
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