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China’s National Development and Reform Commission (NDRC) has issued new rules to enable it to exert greater control over strategic overseas investments by Chinese companies.

Upon its promulgation, there are discrepancies between China’s new Company Law and the existing foreign investment legal regime. There also lies uncertainty over the application of the new Company Law to foreign invested enterprises (FIEs). On April 24, 2006, State Administration for Industry and Commerce, together with Ministry of Commerce, General Administration of Customs, and State Administration of Foreign Exchanges, issued Suggestions on Implementation of Several Issues regarding App