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Last Updated : Mar 15, 2019 08:07 AM IST | Source: Reuters

China's parliament approves 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.

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.
First Published on Mar 15, 2019 07:56 am
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