Financial and business news from Bulgaria

China with measures to support the resumption of foreign business

China's State Reform and Development Commission urged economic regulators at all levels to continue to support the resumption of work by foreign businesses and projects in the country, as well as stabilizing foreign investment.
The guidelines published by the departmental say contact should be made and help firms with foreign capital in resolving the difficulties they face in that period.

Projects on which production has begun will be assisted in terms of logistics and return of workers in order to restore production capacity as quickly as possible. China will simplify project creation procedures, fully implement the Negative List mechanism of foreign investment, protect the legal rights of foreign-funded projects, and foreign companies will enjoy the same support policies as domestic ones.

The country will adjust the list of industries in which foreign investment is promoted, focusing on the high-quality development of the manufacturing sector and the realisation of the potential of the central, western and north-eastern regions.

tags: