China plans to cut red tape to boost foreign investment

China plans to gradually begin easing applications and approval procedures for foreign investors, the official China Securities Journal reported on Wednesday, citing remarks by a senior official from the Ministry of Commerce at a conference.

Deputy bureau chief of the foreign trade department Huang Feng said the ministry had selected pilot regions in which to trial a new regulatory regime that will streamline paperwork and auditing processes for foreign companies.

via Business feed http://www.scmp.com/business/china-business/article/1253939/china-plans-cut-red-tape-boost-foreign-investment