Guiding Opinion of the State Council on Encouraging and Standardizing Enterprises' Cooperation in Outbound Investment
Scope of Application
Recommendations, objectives, and principles for developers and contractors operating overseas.
Purpose
Offers basic guidance to expand overseas investment and cooperation, including measures to guide the management of social and environmental impacts.
General Key Points
Developers and Contractors should:
- Abide by local laws and regulations.
- Balance their own leading role with the coordinative and directive functions of the Chinese Government.
- Balance the active promotion of outbound investment with risk prevention.
Key Points on Stakeholder Engagement
Developers and Contractors should:
- Fulfill necessary social responsibilities.
- Safeguard the rights and interests of local workers.
Key Points on Environmental and Social Impact Assessment
Developers and Contractors should:
- Pay attention to the protection of environmental resources.