China stream­lines in­vest­ment pro­ce­dures

China Daily (Canada) - - NEWS CAPSULE -

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.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.