Source:
https://scmp.com/news/china/article/1357370/most-investment-projects-will-no-longer-need-government-approval China
Most investment projects will no longer need government approval
Move to cut government interference in the market seen as good news for private companies
In a major move to reduce government intervention in the market, the Communist Party this week decided that investment projects would no longer require government approval unless they concern security or key national strategies.