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China adopted the New Foreign Investment Law

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China adopted the New Foreign Investment Law

2019-05-11

According to National People’s Congress Observer the National People’s Congress adopted the Foreign Investment Law today with a 2929–8 vote, with 8 abstentions and 3 delegates not voting. Upon taking effect on January 1st, 2020, the Law will replace China’s currently fragmented foreign investment regime, which consisted of three separate foreign investment laws enacted in the early years of China’s economic reform. Read more about the new law and the English translation of it from:https://npcobserver.com/2019/03/15/summary-of-chinas-new-foreign-investment-law/