Advisory issued to stoke private investment overseas

The National Development and Reform Commission released an implementation advisory on Tuesday to encourage private companies to invest overseas.

The Chinese government intends to give more macro guidance to private enterprises' overseas investments, guiding them to develop energy resources in foreign countries, advanced technology and investments in advanced manufacturing overseas, the document said.

The government also plans to support the advisory by adopting related finance and taxation policies, simplifying management processes and guaranteeing services to private companies that invest overseas.

Agencies - China Daily