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Rules amended to facilitate investment

China has amended its regulations on the capital management of transnational companies, according to the State Administration of Foreign Exchange. The new regulation will help promote the liberalization and facilitation of cross-border trade and investment and better serve the country's real economy, said the administration. According to the file, China will ease the registration management of foreign debt and offshore loans and launch pilot reforms to facilitate foreign exchange settlement and payment in multinational companies after registration.

Methanol-fueled vehicles encouraged