Global EditionASIA 中文双语Français
China Daily / 2021-04 / 08 / Page006

Foreign investment approvals eased

By ZHANG YUE | China Daily | Updated: 2021-04-08 00:00

Facilitating procedures will smooth path into markets and boost overall financing

The removal and streamlining of approval procedures for certain foreign-invested projects will attract and assist overseas companies while benefiting overall investment this year, experts and industry insiders said.

In a recently released guideline, the National Development and Reform Commission said that foreign-invested projects under $30 million will no longer need to follow filing procedures for approval.

Also, approval for projects over $30 million and under $300 million will be handed from ministerial-level authorities to provincial-level ones. The projects must be in industries covered by China's Catalogue of Industries for Encouraging Foreign Investment.

Report cites rights progress in Tibet

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349