onlinenewsngr
  • Home
  • News
  • Entertainment
  • Economy
  • Health
  • Education
  • Politics
FREE SUBSCRIPTION
No Result
View All Result
  • Home
  • News
  • Entertainment
  • Economy
  • Health
  • Education
  • Politics
No Result
View All Result
onlinenewsngr
No Result
View All Result

Chinese authorities releases fresh rules on foreign investment

December 19, 2020
in News
Kindly share this post

Chinese authorities on Saturday released fresh rules on foreign investment security review to safeguard national security while spurring foreign investment, Chinese authorities said in a statement.

President Xi Jinping

The rules, jointly released by the National Development and Reform Commission and the Ministry of Commerce, specified provisions concerning the security review mechanism on foreign investment.

These include the types of investments subject to review, review scopes, and procedures, among others.

Approved by the State Council, the 23-clause rules aim to effectively forestall and resolve national security risks while actively promoting and protecting foreign investment.

This aims to support the country’s higher-level opening-up and facilitate the new development paradigm, according to the statement released by the two government departments.

Read Also: China approves loan for $2.6bn AKK gas pipeline

Conducting security reviews on foreign investments that affect or may affect national security is a regular international practice.

China adopted a related review mechanism in 2011, and the country’s management system on foreign investment has undergone significant reforms over the past decade.

The office of the working mechanism of the security review will be set up under the NDRC, which will lead the task along with the MOC, according to the statement.

The rules will take effect 30 days after the release.

(Xinhua/NAN)

 

Kindly Follow Us On Twitter


Kindly share this post
Tags: ChinaChinese authorities

Related Posts

police

Four police inspectors arrested over alleged extortion in Lagos

January 22, 2021
Gunmen

POS operators lament attack as gunmen kill colleague

January 22, 2021

EL-Zakzaky’s wife tests positive for COVID-19

January 21, 2021

Biden orders resumption of visa processing in Nigeria, others on Trump ban list

January 21, 2021

Trump left traditional note for Biden

January 21, 2021

Biafra issues beyond you – Ohanaeze President, Obiozor hits Nnamdi Kanu

January 20, 2021

Latest

My life changed after I stopped having sex – Uche Ogbodo

Four police inspectors arrested over alleged extortion in Lagos

Joe Biden is already making serious errors, says Mitch McConnell

POS operators lament attack as gunmen kill colleague

LGTB activist mocks Doyin Okupe over son’s status

Don Jazzy signs 18-year-old female singer

Prev Next

© 2019 onlinenewsngr

Navigate Site

  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Advert Rates
  • Terms

Follow Us

No Result
View All Result
  • Advert Rates
  • Free Subscription
  • Home
  • News
  • Entertainment
  • Politics
  • Economy
  • Education
  • Health

© 2019 onlinenewsngr

Do NOT follow this link or you will be banned from the site!