The elimination and streamlining of approval procedures for
selected foreign investments and projects will attract new investors and help
foreign companies. A positive impact on the balance of foreign direct
investment in China is expected, experts said.
In a recently published guide from the National Commission for
Development and Reform (NDRC), it stated that foreign investment projects up to
$ 30 million will no longer have to use registration procedures for approval.
At the same time, project approvals over $ 30 million and up to $ 300 million
will be passed to provincial authorities, so central approval will not be
required. This should significantly speed up the whole process. However,
projects must be in sectors covered by the Chinese Foreign Investment Promotion
Industry Catalog. This measure is in line with the Chinese government's current
efforts to attract foreign investors, which, according to available figures, is
proving to be very successful. Simpler conditions for approving new investment
projects are also positive news for Czech companies considering investing in