Things just got a little bit easier for foreigners looking to set up small businesses in China. The Ministry of Commerce announced that foreign businesses setting up an investment company with less than US$100 million in registered capital will only need approval from local commerce bureaus. Foreign investments previously required both local and ministry-level approvals. Local commerce bureaus will also be able to approve foreign acquisitions of local companies that are valued at US$100 million or less. Angola’s President Jose Eduardo Dos Santos is breathing a sigh of relief today as well. He just secured a US$1 billion loan from Beijing that the country will use to develop its agriculture sector. That is on top of at least an estimated US$5 billion in loans Angola has already received from Beijing. However, Chrysler executives must be hyperventilating. Great Wall Motor has halted its cooperation with the company due to what Great Wall’s chairman called “changes in the two carmakers that deter them from making substantial decisions.” Farmers are also looking at dark days ahead. Wei Chao’an, China’s vice agricultural minister, speaking on the sidelines of the National People’s Congress said that about 10% of migrant farmers have lost their manufacturing jobs in the cities and that 80% of them are continuing to seek work in urban areas. Wei added that declining demand for exported farm products such as vegetables and apple juice will make it difficult to boost rural incomes this year.