Round-trip investments key to reversing FDI decline

The Ministry of Commerce (Mofcom) must start approving round-trip investments in addition to delegating powers to lower level authorities if it wants to play its part in reversing the country's recent foreign direct investment (FDI) slump.

That was the message from lawyers following the publication of Circular 9, the latest in a series of Mofcom regulations (see page 63 for a full translation).