This looks more like the usual "bright idea" of some third rank guy. Next year the people at the top will notice, because more and more foreign companies are pi##ed, and they will revert the whole thing again.
I can't imagined that this will stay the same for long, especially now that the GDP growth is down to 9% and likely to go down further. Next year they will even loosen the restrinctions on real estate purchase again, to get the economy going.