China passes foreign investment law

Natthapong Khromkrathok/123rf

A new foreign investment law in China has been approved at the National People's Congress.

Coming into effect on January 1, 2020, it is seen by experts as an effort to ease the ongoing trade war with the United States.

The law aims to create a more balanced playing field between local and international businesses in the country.

However, there are concerns that the new legislation fails to fully address the concerns that foreign companies have around investing and doing business in China.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.