Foreign persons, enterprises, or other organizations (collectively referred to as "foreign investors") may invest directly or indirectly within the territory of China. Foreigners can establish joint ventures, cooperative ventures, and foreign-owned enterprises in China. Foreign individuals, enterprises, and other economic organizations may establish corporate bodies capable of independently taking civil liabilities within the territory of China in the form of sole proprietorship, partnership or cooperation with Chinese parties.

  Foreign investment projects need to go through two procedures: approval and filing. Projects within the scope of the "Catalogue of Government Approved Investment Projects" shall be approved by the approval authority, and projects outside the scope shall be put on records by the local government investment authority.

TIPS: Ministry of Commerce (MOFCOM)(http://english.mofcom.gov.cn/)

National Development and Reform Commission (NDRC)(http://en.ndrc.gov.cn)

Note: The above information is from "Welcome to China" and only for reference.