China's parliament approves new foreign investment law

Dhwani Mehta FXStreet

China’s National People’s Congress (NPC), the country’s parliament, voted on Friday and approved a new foreign investment law.

Key Details (via Xinhua):

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.

The law will come into effect on Jan. 1, 2020.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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