China - The draft of the foreign investment law is to be presented to the country’s top legislature for approval on March 15

The three existing laws related to foreign investment — the law on Chinese-foreign equity joint ventures, on Chinese-foreign contractual joint ventures and on wholly foreign-owned enterprises — have played their roles in promoting China’s opening-up in the past four decades. It would have been unimaginable for China to receive the most foreign direct investment for 26 consecutive years since 1992 among developing countries without these three laws.

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