China's New Foreign Investment Law: What will be the Impact on Businesses in China?
The passage of the new foreign investment law shows China is serious about addressing foreign investors’ concerns, as it continues to open up its domestic market, Chinese Premier Li Keqiang said at this year’s China’s Two Sessions.
China is now picking up the pace on its new foreign investment law, which has been many years in the making. With the new foreign investment law, China is granting national treatment to foreign investment in a more comprehensive manner. The law will explicitly support international companies in China in carrying out more independent innovation and market expansion, as well as partner with domestic companies to develop both Chinese and other markets in economies related to the Belt and Road Initiative.