China streamlines investment procedures
The Chinese government will further streamline approval procedures for foreign investment across the country to better attract overseas investment and improve China's business environment.
The new guidelines are a revision and expansion of the present administrative measures for foreign investment in China's four Free Trade Zones (FTZ) in Shanghai, Guangdong, Tianjin and Fujian, turning the three-year piloting measures into legislative guidelines.
According to the new guidelines, those willing to invest in China no longer have to go through approval procedures if they invest in non-restricted sectors.
The new guidelines aim to help foreign investors reduce concerns about discriminatory industrial policies in China.