Chinese President Xi Jinping arrives for the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China March 15, 2019. REUTERS/Thomas Peter
March 15, 2019
BEIJING (Reuters) – China’s parliament voted on Friday to approve a new foreign investment law.
The law will replace existing regulations for joint ventures and wholly foreign-owned enterprises and is designed to ease foreign concerns about China’s investment environment, especially as China and the United States work to try to end a trade war.The law will come into effect on Jan. 1, 2020, the state news agency said.
(Reporting by Lusha Zhang, Gao Liangping and Ben Blanchard)
Source: OANN
