{"id":54298,"date":"2019-03-16T11:31:27","date_gmt":"2019-03-16T01:31:27","guid":{"rendered":"http:\/\/leadpakistan.com.pk\/news\/?p=54298"},"modified":"2019-03-16T11:31:27","modified_gmt":"2019-03-16T01:31:27","slug":"china-adopts-new-law-to-protect-foreign-investment","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/china-adopts-new-law-to-protect-foreign-investment\/","title":{"rendered":"China adopts new law to protect foreign investment"},"content":{"rendered":"<p>INP<br \/>\nBEIJING<br \/>\nThe 13th National People\u2019s Congress (NPC) at its concluding session on Friday adopted the country\u2019s first unified foreign investment law, which is to take effect on Jan. 1, 2020.<br \/>\nPresident Xi Jinping signed a presidential decree to promulgate the law. \u201cThe newly-adopted legislation is a fundamental law in lifting China toward a new stage of high-level opening up in the new era,\u201d said top legislator Li Zhanshu.  It aimed at promoting high-quality economic development. The legislators also passed resolutions on the reports of the national economic and social development plans as well as the central and local budgets<br \/>\nAn overwhelming majority of the deputies voted in favor of it. With unified provisions for the entry, promotion, protection, and management of foreign investment, it is a new and fundamental law for foreign investment in China. It also aims to improve the transparency of foreign investment policies and ensure that foreign-invested enterprises participate in market competition on an equal basis.<br \/>\nThe state shall manage foreign investment according to the system of pre-establishment national treatment plus a negative list, the law stipulates.<br \/>\nForeign-invested enterprises will equally enjoy government policies supporting enterprise development, and be able to participate in standard-setting on an equal footing and in government procurement through fair competition, according to the law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INP BEIJING The 13th National People\u2019s Congress (NPC) at its concluding session on Friday adopted the country\u2019s first unified foreign investment law, which is to take effect on Jan. 1, 2020. President Xi Jinping signed a presidential decree to promulgate the law. \u201cThe newly-adopted legislation is a fundamental law in lifting China toward a new [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-54298","post","type-post","status-publish","format-standard","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China adopts new law to protect foreign investment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/china-adopts-new-law-to-protect-foreign-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China adopts new law to protect foreign investment\" \/>\n<meta property=\"og:description\" content=\"INP BEIJING The 13th National People\u2019s Congress (NPC) at its concluding session on Friday adopted the country\u2019s first unified foreign investment law, which is to take effect on Jan. 1, 2020. 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