Full transcript of policy briefing of the State Council on Feb 27, 2015

South China Morning Post:

I have two questions for Mr Wu.

The “two sessions” will open next week and the “One Belt and One Road” strategy is a highlight that carries great expectations. There are many infrastructure projects under the “21st Century Maritime Silk Road”. In the past year, how did the government encourage Chinese enterprises to invest more in these projects by streamlining approval procedures? What are the effects and what will you do in the future? For instance, how do you encourage investment in the new Silk Road construction projects in Central Asia or South Asia?

Thank you.

Wu Zhilun:

You ask if we have any considerations about approval system reform to encourage domestic investment in Central Asia, Southeast Asia and Hong Kong.

We have considered the issue of encouraging investment from abroad, but not focused on a specific area. Approval restrictions concerning investment abroad has long been a key point of our reform.

Regarding the “One Belt and One Road” related approval questions, we will do more research on this aspect.

Thank you.

Reuters:

Hello Mr Wu. Can the government put a figure on how much money was saved by streamlining administrative procedures?

Wu Zhilun:

No. Putting a figure on the exact amount would be difficult.