By Li Jiabao (chinadaily.com.cn)
As the Chinese government is stepping up its revision of outward direct investment regulations,all outward investments will be managed through registration while approvals will be reserved forinvestments in sensitive regions or sectors, Shen Danyang, spokesman of the Ministry ofCommerce, told reporters on Tuesday.
China pledged to expand outward direct investment by enterprises and individuals and reformthe management mechanism during the Third Plenary Session of the 18th Central Committee ofthe Communist Party of China. The ministry is an important force in advancing the reforms.
Meanwhile, the ministry is working together with other departments to formulate specific plans forreforming the investment management mechanism, Shen added. The government will alsoimprove information services and help investors abroad guard against risks.