(Chao Deng – Wall Street Review)
Chinese lawmakers are accelerating work on a long-sought foreign-investment law, as Beijing seeks a hurried concession to the U.S.
The national legislature’s executive committee on Wednesday announced a previously unscheduled session for Jan. 29 to 30 with the draft law as the top item, less than three weeks after reviewing the current draft in a routine session.
A new foreign-investment law has the potential to level the competition between foreign and domestic firms and has been long sought by foreign businesses and drafted in various forms for years by legislative and government officials.
Foreign executives, however, are deeply skeptical that Beijing is willing to introduce changes that would weaken its powerful state sector. Click here to read more.
- China Rolls Out New Draft Foreign Investment Law (Wilmer Hale)
- China Publishes New Draft of Foreign Investment Law (Garrigues Commentary)
- U.S. vs. China – Split Trade From Technological Security (Nikkei Asian Review)
- Doing Business in China and Hiding Your Company’s Country Identity: How Canadian Do You Want to Be? (China Law Blog)