The Long Road to Reform——New Trend of Foreign Investment in China's Water Supply and Wastewater Treatment Market

In January 2007,Veolia Water,a world's leading operator in water services,executed a share transfer agreement with competent departments of Lanzhou Municipal Government upon an international tender,paying RMB 1.71 billion in exchange for 45%stake in the Lanzhou Water Supply Company and forming a joint venture in Lanzhou, the capital of Gansu Province.Veolia Water indi-

In January 2007, Veolia Water, a world＇s leading operator in water services, executed a share transfer agreement with competent departments of Lanzhou Municipal Government upon an international tender, paying RMB 1.71 billion in exchange for 45% stake in the Lanzhou Water Supply Company and forming a joint venture in Lanzhou, the capital of Gansu Province.