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Search date: 05-03-2019 Return to current date: Click here

China vows ‘fundamental change’ for foreign investors

March 05, 2019 00:00:00


BEIJING, Mar 04 (AFP): China's legislature will vote next week on a highly-anticipated bill that will bring "a fundamental change" for foreign investors, an official said Monday, in a move that could help ease US trade tensions.

The draft foreign investment law will be the most closely watched item at the annual two-week session of the rubber-stamp National People's Congress, which opens on Tuesday.

The legislation seeks to address longstanding complaints from foreign companies, though Europeans voiced concerns that it was being fast-tracked to meet US demands on trade.

The bill will eliminate the requirement for foreign firms to transfer proprietary technology to Chinese joint-venture partners - a central issue in China's trade negotiations with the United States.


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