Could China's Foreign Investment Law Appease Trump?

China-US trade war: New Chinese law seeks to address concerns

China has passed a new foreign investment law in a move widely seen as an effort to facilitate USA trade talks.

The state must protect "copyrights", and ensure that foreign companies "at a disadvantage", but on an equal footing can have a part in the competition, it said in a previously published explanation of the legal text. After the meeting closes today, new amendments may be added to the foreign investment law, as long as they do not contradict "fundamental principles" of the law.

The new law will take effect on 1 January 2020.

A draft was presented to the parliament last week but the latest revisions have not been made public since then.

The new law was attempting to help level the rulebook between domestic firms and foreign investors in the country.

China is making changes to strengthen foreign investment regulations, said Hans Hendrischke, a professor of Chinese business and management at the University of Sydney Business School.

In a survey conducted in November and December for the American Chamber of Commerce in China, a third of companies who responded said they were limiting their investments in China because of concerns about intellectual property theft and forced tech transfers.

A lot of USA lobbying interests is trying to urge Trump not to rush having a "vague deal" with China, knowing it fails to "resolve fundamental complaints" about its "unfair competitive practices".

10 mins before attack, New Zealand mosque attacker mailed manifesto to PM
The message, received less than 10 minutes before the attack on Friday, did not set out what was about to happen, he said. Pence also affirmed US cooperation in ensuring all the perpetrators were brought to justice.

The UN, Iran and Women's Rights
Sotoudeh was the subject of an Opinion by the Working Group on Arbitrary Detention concerning her earlier arrest and conviction. Several Members of Parliament in Norway are also alarmed and strongly oppose her imprisonment and especially any lashes.

You can now stream Apple Music on your Amazon Fire TV
However, they don't need to activate the skill on their Amazon Fire TV if they have already done that on their Amazon Echo . We like its large music library, exclusive content, offline playback feature, Siri and Apple Watch integration, and more.

Some law experts and business consultants have expressed scepticism about how effective the law will be in protecting foreign firms from compelled technology transfers, given a lack of rule of law in China.

"The vague language leaves much room for interpretation and makes compliance hard", he added. "It will be New to China", he said at an event in the White house. But they face pressure, including requirements in industries such as auto manufacturing and pharmaceuticals to work through state-owned partners, which requires them to provide technology to companies the ruling Communist Party hopes will become their competitors.

"What prosecutor is going to bring a case against a Communist Party official?" one person in the US business community asked.

In a statement released after the law's approval, the European Union Chamber of Commerce in China said that Article 40 in the law "allows for political issues to influence investor-state relations". The new foreign investment law will replace the three older statues that govern foreign invested entities and serve as the "unified law" for foreign investments in China.

But it added that it was concerned that "such an important and potentially far-reaching piece of legislation will be enacted without extensive consultation and input from industry stakeholders".

Chinese Premier Li Keqiang leaves next to NPC spokesperson Zhang Yesui at the end of a news conference following the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China March 15, 2019.

China's number two leader yesterday denied Beijing tells its companies to spy overseas, refuting United States warnings that Chinese technology suppliers might be a security risk. "I believe that this is also the expectation of the world", Li said.

Related News:



Most liked

Nvidia officially launches the Geforce GTX 1660
ASUS today announced GeForce GTX 1660 graphics cards , adding new products into the TUF Gaming and Phoenix lineups. That said, the Nvidia GeForce GTX 1660 India price starts at Rs. 21,500 with a release date of March 14.

YouTube, Facebook, Twitter scrambling to contain video of New Zealand mosque shooting
However, given the viral nature of social media, videos were still easily searched and viewed hours after the incident transpired. Reddit , meanwhile, banned forums named "gore" and "watchpeopledie" where the videos were posted and commented upon by users.

Lack of VAR at Swansea surprises Guardiola after controversial Man City comeback
City fought back from 2-0 down to record a dramatic and controversial 3-2 victory in the quarter-final clash. But for a long time tonight it looked like that might happen.

Australian Man Appears In Court On Murder Charge After Christchurch Attack
New Zealand Prime Minister Jacinda Ardern reacts during a briefing in Wellington, capital of New Zealand , on March 16, 2019 . Police say that this person was a member of the public armed with a gun with the intention of assisting officers.

Suspect arrested in murder of reputed mob boss
Comello was initially speaking to investigators but then retained a lawyer and stopped talking, officials said. Cali didn't think Comello was worthy of associating with a woman in his family, the sources added.

Volkswagen board condemns CEO for evoking Nazi slogan
Volkswagen CEO Herbert Diess made the comment " ebit macht frei ", a play on a Nazi-era slogan during an internal company event. Within Volkswagen, "brands with a higher margins have more freedom within the Group to make their own decisions".

New Zealand Mosque Suspect Appears in Court
New Zealand has in the past tried to tighten firearm laws, but a strong gun lobby and culture of hunting has stymied such efforts. New Zealand´s Prime Minister Jacinda Ardern (C) meets residents at the Hagley College in Christchurch on March 16, 2019.

Louis Vuitton defends Michael Jackson-themed menswear show
According to TMZ , police and EMTs were at Paris' home in Los Angeles, where she attempted to take her own life. A source told TMZ that this reported suicide attempt was directly related to the Leaving Neverland documentary .

China's home price growth slips to 10-month low as economy slows
China is grappling with a decline in global demand - most notably from the United States , which launched a trade war past year . Retail sales rose 9 percent from one year earlier to 38.1 trillion yuan (about 5.7 trillion USA dollars) in 2018.

A Ton Of SNIPER ELITE Is On The Way!
Sniper Elite V2 Remastered will bring 1945 Berlin to current platforms with gorgeous new visuals and a host of new features. British developer Rebellion has today announced a few new massive projects based around the Sniper Elite series.

Israeli launches Gaza strikes after rockets fired at Tel Aviv
Israeli warplanes on Friday struck about 100 Hamas targets in the Gaza Strip in response to a rare rocket attack on Tel Aviv . The blasts were so powerful that smoke could be seen in Gaza City, 25 kilometers away from some of the strikes.

Canada's Nembhard hits game-winner to lead Florida past No. 1 LSU
A couple of baskets by Nembhard and buckets from four different Gators led to the team being down 35-25 going into halftime. Then Johnson found Nembhard for the winning 3. "In my head I was thinking what Coach White said: Play off two feet".

Derry awaits decision on 1972 killings — Bloody Sunday
An image of a Catholic priest waving a bloodstained handkerchief as he tried to help a victim to safety went around the world. An immediate British government inquiry after the 1972 March exonerated the soldiers, finding they had been fired on first.

Campaign workers for Bernie Sanders' 2020 campaign unionize
The next step is for the campaign and the union to begin negotiations over a collective bargaining agreement, the union said. Sanders' aides said on a recent conference call that the campaign has roughly 70 paid staffers.

Solskjaer insists Manchester United 'played well' in Arsenal defeat
We've got to think about the longevity as well, who's going to fit in personality-wise. "They're like defining moments. We're not challenging to win the league this year but we are challenging to win the other two trophies".