国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Economic Watch: China's foreign investment law to improve business environment

Source: Xinhua| 2019-03-11 22:28:15|Editor: Lu Hui
Video PlayerClose

BEIJING, March 11 (Xinhua) -- 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."

010020070750000000000000011102351378867531
主站蜘蛛池模板: 南漳县| 司法| 富顺县| 登封市| 称多县| 明光市| 卫辉市| 土默特右旗| 璧山县| 兰西县| 阿克苏市| 祁阳县| 疏附县| 铜陵市| 荣昌县| 大姚县| 山西省| 锡林郭勒盟| 昌都县| 安图县| 临朐县| 奎屯市| 漾濞| 清水河县| 新蔡县| 益阳市| 新干县| 凤阳县| 平凉市| 沁水县| 顺义区| 黄龙县| 云安县| 恩施市| 尚志市| 上思县| 麟游县| 开封县| 中山市| 赞皇县| 谷城县|