China s National Development and Reform Commission will ease limits on outbound investment by Chinese companies, the Economic Information Daily reported today, citing Kong Linglong, head of the NDRC s department of foreign capital and overseas investment.
Resources-related outbound investments of less than $300 million don t need approval starting from this month, the report said, citing Kong. Other Chinese investments overseas below $100 million will also not need approval, the report said, citing Kong.
