Beijing eases oversight of some investments overseas

China will relax its supervision of outbound investment projects, with attention focusing only on investment in several key industries after tightened measures were implemented last year.

"Regulatory authorities will continue to pay close attention to overseas investment in key industries such as property, hotels, entertainment, cinemas and sports clubs," said Yan Pengcheng, spokesman for the National Development and Reform Commission.

Yan said companies planning to invest in those industries in foreign countries should "make cautious decisions".