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Ministry of Commerce to curb fraudulent investment

By Ren Xiaojin | | Updated: 2017-09-28 17:08

The making of an outbound investment blacklist is well underway, as the Ministry of Commerce is currently working on the details with related departments, said the ministry's spokesman on Thursday.

"The Chinese government will take a firm stand against irrational and dubious outbound investment behavior," said Gao Feng. "We will further curb fraudulent offshore investment and improve management and inspection for outbound investment."

Gao said the purpose of enhanced supervision is to ensure the authenticity of overseas investment and help the Chinese enterprises control risk.

In terms of inbound foreign investment, Gao said the country vows to guide and encourage healthy development for all industries, thus the foreign enterprises will enjoy the same rights as domestic ones.

"The policies in the Made in China 2025 strategy can be equally applied to both domestic and foreign companies and enterprises," he said. "This is just as the article on the use of foreign investment issued by the State Council this January has pointed out."

In the Thursday press conference, Gao also said the ministry and related departments are making progress on policy tackling intellectual property violation.

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