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Examination and Approval of Foreign investment
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2007-11-14

 
In 2005, Nanning revised and perfected its ”°Joint Examination and Approval Regulations on Projects of Foreign Investment”±, and set up the examination and approval network for projects of foreign investment to further simplify the working procedures and enhance the efficiency of administrative examination and approval. The awareness of serving was intensified to initiatively provide the best services to the newly-approved foreign-invested enterprises and to coordinate and urge the existing enterprises to do well in the added capital and the related procedures of changes. In order to serve the foreign-invested enterprises in Nanning better, the relationship and coordination with Guangxi Administration of Foreign Exchange, Department of Commerce, Bureau of Investment Promotion and other foreign investment management departments in Guangxi were strengthened. There were 90 foreign-invested enterprises newly approved, of which 48 were solely foreign-funded enterprises, 35 Sino-foreign joint ventured enterprises, 6 Sino-foreign cooperative joint ventures, and 1 share-holding foreign-invested enterprise. Among them there were 30 foreign-invested enterprises investing in manufacturing industry with contractual foreign investment of 222 million USD, and 28 investing in real estate with an investment of 161 million USD. There were 50 foreign-invested enterprises investing more than 1 million USD, totaling 650 million USD and 22 investing more than 5 million, totaling 594 million USD.
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