Business - What specific measures have been taken to tighten the examination of the authenticity of foreign-invested projects?
When examining the authenticity of a project, development and reform departments at all levels shall estimate its total investment according to its scale and major elements. If necessary, an accredited advisory agency can be invited to do the evaluation. The balance between the total investment and capital in cash must be stringently regulated and the financing plans implemented according to where the foreign capital flows. Relevant national regulations shall be implemented for external debts. Those foreign investors whose background is unclear, whose credit rating is poor or who provide incomplete materials shall be more strictly examined to prevent the inflow of foreign capital from companies with no real investment background.
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