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    ECNS Wire

    Beijing cuts golf courses from investment list

    1
    2015-05-28 10:33Ecns.cn Editor: Mo Hong'e

    (ECNS) - Beijing has removed golf courses from the latest government-sanctioned investment project list, according to the Office of the Beijing People's Government.

    The list includes 102 approved categories in 10 fields, including the transportation, high technology, and information industries.

    Investment in projects is subject to examination and approval by Beijing's regulators. Under the current regulations, projects not mentioned in the list require the investor to be registered. 

    Beijing has also removed liaison offices of other regional governments from the list.

    Compared to 2013, one notable change is the absence of mining development and coal liquefaction, as the capital city is trying to strengthen environmental protection.

    The list also stipulates that approvals are carried out at three levels – state, city and district.

    Beijing is trying to simplify the administration process by placing more emphasis on post supervision and the reduction of prior approval.

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