Overview of 12 rules coming into effect from July 1
chinadaily.com.cn |
Updated: 2019-07-01 06:40
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China's Cabinet issued a regulation on government investment on May 5. The regulation, which will take effect on July 1, lays out clearly the purpose, principle and scope of government investment, and outlines the decision-making and implementation processes, the legal liabilities and how the performance of an investment will be assessed.
This is China's first regulation on government investment, and it will serve as the foundation for the making of future rules and laws in this field.
