Chinese legislators hope to formulate a fundamental new law on foreign investment that complies with the economic development of China. The new law adapts the Chinese legal framework to the development and requirements of international rules, thereby creating a more stable, and transparent legal environment for foreign investment.
This marks the end of the Sino-Foreign Equity Joint Venture Enterprise Law, the Sino-Foreign Cooperative Joint Venture Enterprise Law and the Wholly Foreign-Invested Enterprise Law – collectively, the three “FIE laws” which govern foreign investment in China. Foreign investment will now be regulated by a unified Law.
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