China eases investment rules in free trade zones

China eases investment rules in free trade zones

Beijing, July 19 (IANS) The Chinese government on Tuesday decided to ease investment rules in four Free Trade Zones (FTZ), temporarily allowing foreign investors to find wholly-owned enterprises in a number of fields, including iron and steel production and gas station operation.

According to the central government website, the resolution on temporary adjustment of regulations for administrative approvals in the Shanghai, Guangdong, Tianjin and Fujian FTZs has been passed by the National People’s Congress Standing Committee, Xinhua news agency reported.

The adjustment contains a total of 51 items, with more than 20 involving changes from administrative approval to managerial registration for foreign investment, the website said.

It has also approved foreign enterprises in dozens of areas outside of the negative list on foreign investment, covering sectors ranging from agriculture to transportation.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here