China’s parliament approves new foreign investment law By Reuters


© Reuters. Chinese President Xi Jinping arrives for the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing

BEIJING (Reuters) – China’s parliament voted on Friday to approve a new foreign investment law.

The law will replace existing regulations for joint ventures and wholly foreign-owned enterprises and is designed to ease foreign concerns about China’s investment environment, especially as China and the United States work to try to end a trade war.The law will come into effect on Jan. 1, 2020, the state news agency said.

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