forwarded by Dan Hodel,

BEIJING, July 4 (Kyodo) -- China has issued a set of regulations guiding investment in Tibet and hopes to open up resource extraction and industry sectors to foreign investment, state press reported Tuesday.

The regulations issued by the local government in Tibet open up nearly all natural resources and industrial sectors to state-run, collectively owned, foreign-funded or privately-run enterprises, Xinhua News Agency reported.

"Foreign investors are welcome to build enterprises in various forms, contract projects, set up joint-stock companies and conduct technology transfer and leasing, as well as cooperation and processing with supplied samples and materials," the report said.

It said foreign businessmen will enjoy full autonomy in management, will be offered preferential tax treatment, tariffs and land-use rights and will be issued residence permits with an investment of more than 200,000 dollars.