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Commerce ministry eases FDI rules

By Jiang Wei (chinadaily.com.cn)
Updated: 2009-03-12 15:42

The Ministry of Commerce announced on Thursday that it has extended the authority to approve more foreign investment projects to provincial governments.

According to the new rules, foreign investment with a registered capital valued below $100 million only needs approval from local commerce authorities, rather than the ministry in Beijing, it said in a circular on its website.