Move to hasten legislation of new foreign investment law
Print Edition
CHINA will accelerate legislation of its new foreign investment law amid efforts to boost investment liberalization, the Ministry of Commerce said yesterday.
“China will keep its policies stable, fair, transparent and predictable as it better protects the legitimate rights and interests of foreign-invested enterprises,” MOC spokesman Gao Feng told a news conference yesterday.
The new law is expected to combine the country’s three foreign investment laws to promote and protect foreign investment. It will stick to policies of high-standard liberalization and facilitation of trade and investment, and significantly ease market access for foreign companies.
“Over the 40-year course of reform and opening-up, China has kept enhancing the protection of and improving services for foreign investors,” Gao said.
Commenting on the upbeat growth of newly established foreign companies and use of foreign investment in the first three quarters, Gao said global investors had shown strong confidence in China’s widening opening-up.
China was the largest recipient of foreign direct investment in the first half of 2018, while global FDI in the same period slumped 41 percent year on year to a 10-year low, according to the United Nations Conference on Trade and Development.
Gao said the UNCTAD data further corroborated foreign investor's confidence in the country’s investment environment and prospects.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
