The Wholly Foreign Owned Enterprise (WFOE) is a Limited Liability Company 100% owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, with China's entry into the WTO, these conditions are gradually being abolished and the WFOE is increasingly being used by service providers such as a variety of consulting and management services, software development and trading companies as well.

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