China’s Top Economic Planning Agency to Amend Its Inbound and Outbound Investment Regulations

Summary: In August 2012, China’s National Development and Reform Commission (NDRC) published, for public review and comments, drafts of two regulations concerning NDRC’s verification and approval of inbound and outbound investment projects. The draft regulations, if adopted, will supersede NDRC’s current regulations governing the subject matters, which were promulgated in 2004 and subsequently supplemented by various NDRC notices.