More investment exempt from government approval
Source: Xinhua |
October 9, 2014, Thursday
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Print Edition
Print Edition
CHINA said yesterday it is to further reduce approval reviews on investment and grant enterprises more autonomy.
Investment in 15 categories, including roads, water supplies and fertilizers, will no longer need government approval, according to a statement released after a State Council meeting.
Overseas investment not subject to regulatory prohibition will be exempt from reviews. Enterprises will only be required to register with authorities rather than wait for a government green light. Investments that require central approval are now 40 percent fewer than last year.
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