China’s NDRC issues guidelines for overseas investment by private firms

China’s National Development and Reform Commission (NDRC) spokeswoman Meng Wei noted on Monday that the country’s top state planner issued new guidelines for overseas investment by private companies, aiming to resolve some cases of firms violating policies, engaging in unfair competition and poor safety and quality management, Reuters reports.

Meng said: “Private companies should comply with domestic and overseas procedures and engage in fair competition with regard to overseas investment.”