ANNOUNCEMENT 04 May 2010In May 2010, the government of China announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
National Reform and Development Commission. (2010). Circular 914/2010. Available at http://www.ndrc.gov.cn/zcfb/zcfbtz/2010tz/t20100507_345477.htm
UNCTAD. (2010). World Investment Report 2010.
On 4 May 2010, the National Development and Reform Commission announced the further delegation of foreign investment approval to the provincial level. Through Circular 914/2010, the commission allows provincial governments to approve foreign investmen of up to USD 300 million. Prior to the change, foreign investment projects exceeding USD 100 million were subject to approval by the central government.