The new Foreign Investment Law adopted on March 15 is a fundamental piece of legislation that provides strong legal guarantees by China to further reform and opening up of the economy.
The Chinese Government has demonstrated strong determination in deepening reform and opening the domestic market more widely. Since the 18th National Congress of the Communist Party of China held in 2012, various measures for furthering reform have been launched, including establishing 12 pilot free trade zones, implementing negative-list systems, streamlining administration, improving the domestic business environment, easing the access of foreign investment to areas such as finance, and lowering tariffs.
Against such a backdrop, the country implemented the management mode of pre-establishing national treatment and a negative list targeting foreign investors. In this regard, easing investment access, accommodate laws…
