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The regulation also called for stricter implementation

 of programs and compliance oversight to ensure that the required funds of investment programs are in place on time. The approval mechanism for government-invested pro grams will be further standardized, and major programs must go through procedures suc h as evaluations by intermediary service institutions, the public and experts, as well as risk assessment. Government…

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es for exNo shutdown of smartphone business

Image-editing app developer Meitu Inc stated, in response to previous reports, that it was not true the company planned to shut down its smartphone business by the middle of this year. Meitu would cooperate with Xiaomi to launch a new smartphone marking the beginning of a new area . The cooperation with Xiaomi will represent…

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The new round of foreign investments will inject m

ore powerful momentum into the high-quality development of Chengdu,” he said. “We will do everything possible to create a law-based, internationalized business environment with quality services that facilitate and support development of foreign investment projects.” He emphasized the city plays an important role in China’s national agendas such as the Belt and Road Initiati ve,…

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