ANNOUNCEMENT 15 May 2013In May 2013, the government of China announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
State Council, Chinese Version Available:
On 15 May 2013, the State Council of the People's Republic of China released the Decision on Cancellation and Delegation of Administrative Examination and Approval Power over A Series of Items (Guo Fa '2013' NO.79). In accordance with this measure, 71 items no longer require PRC government authorities' examination and approval, and 20 items are delegated to lower level authorities.
As for foreign investment activities, foreign-invested commercial performances and Sino-foreign cooperative schools are respectively no longer subject to approval by the Ministry of Culture and the Ministry of Education.