Tuesday, March 12, 2019

China's Foreign Investment Law is Importan


China's legal expert has told China Daily on March 11 that the creation of a foreign investment law was made by In accordance with the strict regulatory process, and according to the public mindfulness and unanimous agreement of agreement .Laws currently under scrutiny by Chinese lawmakers will be put to the polls on Friday This. If approved, it will become a basic rule covering foreign investment in China.


Wang Chen, vice chairman of the Standing Committee of the National Assembly of China, said last Friday that the new law had to be passed. Established based on China's experience of foreign investment laws over the past 40 years.
"It will establish a baseline for China's new foreign investment system and confirm its policies," he said. China in the openness and policy of promoting foreign investment. " After researching and collecting ideas from the public, the State Council has drafted a foreign investment law and sent it to the above committee for review. First since December. After the parliamentary debate, collecting opinions from the public and foreign companies through a variety of methods, such as seminars and so on. The second draft was drafted and sent back to the committee by the end of January. The Election Commission has decided to send the third law to the National Assembly. King Qingjiang, president of the International Law Faculty at the China University of Political and Political Studies, said the process is a strong prediction. On this, both the government and the public. He added that it represents a unanimous agreement that was reached on some key issues.

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