Promulgated: June 17 2004Effective: as of date of promulgationInterpreting authority: People's Bank of China and China Banking Regulatory Commission (CBRC)Applicability:…
Regulate the procedures whereby the National Development and Reform Commission reviews and approves foreign investment projects pursuant to a new project 'confirmation system'.
The new Policy demonstrates the PRC's ambition to develop the auto industry into one of its pillar industries by expanding its scope, and removing special approval procedures for car sellers.
The first national e-commerce legislation in China deals with two key areas: enforceability and legal effect of data messages and electronic signatures and their verification.