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.

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