Foreign investors in China have complained they were not properly consulted while the new legislation was being drafted. Photo: Reuters
China’s new foreign investment law is too vague, says US business group
- American Chamber of Commerce in China welcomes legislation ‘in principle’ but says it doesn’t go into enough detail and needs more consultation
- Legislation is likely to be rushed through rubber-stamp legislature as part of efforts to meet US trade war demands
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Two Sessions 2019 (Lianghui)
Foreign investors in China have complained they were not properly consulted while the new legislation was being drafted. Photo: Reuters
The Great Hall of the People where delegates to the National People’s Congress were handed the latest draft of China’s new foreign investment law. Photo: Simon Song
China promises companies ‘we will keep your secrets’ with new foreign investment law
- Updated foreign investment law due to come into effect from January 1, 2020
- Legislation is seen as Beijing’s answer to demand from US President Donald Trump to stop US firms being forced to transfer technologies to local partners
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Two Sessions 2019 (Lianghui)
The Great Hall of the People where delegates to the National People’s Congress were handed the latest draft of China’s new foreign investment law. Photo: Simon Song