Categories
Economics & Trade

Relaxed rules could dent cooling efforts, minister says

National Development and Reform Commission Vice Minister Jiang Weixin conceded that recent State Council moves to relax fund-raising and investment provisions could dent government efforts to cool overheated sectors of the economy, but only in �very minor� ways. With the changes promulgated in early July, only sponsors of huge foreign-invested capital projects require approval; the vast majority need only register their plans with the government. Jiang said the government was confident it had the means to resolve potential conflicts.

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading