China's foreign investment law to boost high level opening up

China's Foreign Investment Law was approved in 2019 and entered into force on January 1, 2020. The new law follows China's direction of further opening-up and economic reform. The law is designed to give foreign businesses broader market access, protect their intellectual property, prohibit forced technology transfer, and guarantee equal treatment for foreign and domestic companies. Years in the making, China's Foreign Investment Law exemplifies the government's commitment to facilitate foreign companies doing business in China and enhance market competition that benefits Chinese consumers.

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