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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.

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