新疆彩票35选7:Foreign investment law to improve business environment

0 Comment(s)Print E-mail Xinhua, March 12, 2019
Adjust font size:
Workers carry out welding production at FAW-Volkswagen's new Audi Q plant in Changchun, northeast China's Jilin Province, March 29, 2018. [Photo/Xinhua]

新疆彩票35选7 www.z1ezw.cn China's draft foreign investment law is well received among foreign investors, who believe it will further improve the country's business environment.

A new draft of the law was submitted to China's national legislative session for a third reading last week, and has been deliberated by lawmakers and discussed by political advisors over the past few days.

The draft aims to improve the transparency of foreign investment policies and ensures that foreign-invested enterprises participate in market competition on an equal basis.

Stephan Kothrade, president functions Asia Pacific of German chemicals giant BASF, said the company welcomes the draft law, with the belief that it will help effectively address issues foreign investors face in China.

"For foreign companies in China, I think everyone is waiting for the draft law to be passed, as the law will create a level playing field where everyone can participate," said Harley Seyedin, president of the American Chamber of Commerce in South China.

With unified provisions for the entry, promotion, protection, and management of foreign investment, the law is "a new and fundamental law" for China's foreign investment and an innovative improvement of China's foreign investment legal system.

The draft stresses more investment promotion and protection than the three existing laws, a positive signal for foreign firms in China, said Ma Zheng, vice president of the China subsidiary of the agricultural commodities trader Cargill.

Ma believes the law would provide stronger legal guarantees for foreign investors and companies to safeguard their interests. "It's going to make China's business environment more open, equitable and transparent for foreign firms," he said.

By the end of 2018, about 960,000 foreign-invested enterprises had been set up in China, with the accumulated foreign direct investment exceeding 2.1 trillion U.S. dollars.

China advanced to a global ranking of 46 in terms of ease of doing business last year, up from 78 in 2017, according to a World Bank Group report released last year.

"This shows the constant improvement in our business environment, and greater progress might be made this year," said He Lifeng, head of the National Development and Reform Commission.

The new law will boost foreign investors' confidence in China since their rights and interests will be legally protected, said Cai Hua, a national legislator and director of Wisely Law Office in Tianjin.

"A country with a relatively complete legal system will be an ideal destination for foreign investment," Cai said.

"It will give more people confidence in China," said Adam Dunnett, secretary general of the EU Chamber of Commerce in China. "If you're a foreign investor, and you're going to read a law about China, probably the first one you're going to read is the foreign investment law."

Follow www.z1ezw.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
  • 坚持和完善我国基本经济制度的两条新经验(纪念改革开放四十周年) 2019-05-25
  • 上周济南8个项目推出新房源 1个纯新项目上市 ——凤凰网房产济南 2019-05-24
  • 产业旺,乡村振兴有底气(聚焦高质量发展·如何抓落实) 2019-05-23
  • 中直机关优良“家风家训”格言【3】 2019-05-23
  • (两会受权发布)中国人民政治协商会议第十三届全国委员会主席、副主席、秘书长、常务委员名单 2019-05-22
  • 在学习中进步。[奋斗] 2019-05-21
  • 紫光阁中共中央国家机关工作委员会 2019-05-21
  • 拉萨市海拔4300米以下再无“无树村 无树户” 2019-05-20
  • 女性之声——全国妇联 2019-05-19
  • 摩拜到底要和谁“联姻” 2019-05-19
  • 为多彩贵州新未来贡献更多检察力量 2019-05-18
  • Marni2016秋冬系列新突破 秀场内外都爱在袖子上玩花样 2019-05-18
  • 我的跟帖出不来,讨论不了,奈何?还以为版主护着我么?! 2019-05-17
  • 环球 —频道 春城壹网 七彩云南 一网天下 2019-05-16
  • 马布里篮球精英训练营正式开课 “马政委”变身“马指导 2019-05-16
  • 888| 714| 678| 438| 700| 202| 782| 165| 222| 806|