China has long applied an approval system for foreign investment in accordance with the Tentative Measures for the Administration of the Check and Approval, and Record Filing of Foreign-invested Projects (外商投资项目核准暂行管理办法) (2004 Measures) published by the National Development and Reform Commission (NDRC) on October 9 2004.
Barriers lifted for foreign projects
The new 2014 Measures have replaced the approval system for most foreign investment projects with record filing and delegated more authority to local departments. But investors are still waiting for clearer guidelines for criteria and procedure
By
clpstaff