China's parliament approves new foreign investment law
China`s parliament voted on Friday to approve a new foreign investment law.
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, especially as China and the United States work to try to end a trade war.The law will come into effect on Jan. 1, 2020, the state news agency said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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