LINE

Text:AAAPrint
Business

China updates 'sensitive sectors' for outbound investment

1
2018-02-11 22:35:05Xinhua Wang Fan ECNS App Download

China on Sunday updated its list of "sensitive sectors" for outbound investment subject to additional regulation, deleting telecoms and electricity and adding the arms industry and several high-profile sectors.

Effective from March 1, investment in overseas projects of telecoms operation, massive land development, and electric mains and power grids need only complete record filings with authorities like other common sectors, with official approval no longer necessary, according to a statement of the National Development and Reform Commission (NDRC).

Those sectors had been considered sensitive according to the previous list published 2014.

Meanwhile, the arms industry was added to the list.

Outbound investment in properties, hotels, cinemas, entertainment, sports clubs, and equity investment funds will also be restricted, according to the NDRC, as the government has stepped up efforts to curb irrational overseas investment.

The NDRC kept cross-border water resource development and news media on the list.

China's non-financial outbound direct investment dropped 29.4 percent to 120 billion U.S. dollars in 2017.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.