China to prepare rules in line with foreign investment law- Premier Li

Whatapp News

Beijing – China will introduce a series of regulations and documents in accordance with the foreign investment law to protect the rights and interests of foreign investors, Premier Li Keqiang said on Friday.

“This is an important thing China is to do in the next step to ensure that the law is implemented smoothly,’’ Li said at a press conference after the conclusion of the annual session of China’s national legislature.

Li underscored efforts to make the complaint mechanism open, transparent and effective.

China’s national legislature passed the foreign investment law at the closing meeting of its annual session.

“The law will become effective on Jan. 1, 2020.

“The law will offer better legal support to the protection and attraction of foreign investment, as well as regulate government behaviors,’’ Li said.

According to him, the foreign investment law can also serve as a reference for investors from the two special administrative regions of Hong Kong and Macao as well as Taiwan.

“The mainland welcomes more investment from the three regions,’’ he said.

Li added that the State Council would listen closely to the views of the investors from these regions when making related regulations and policies so as to better protect their rights. (Xinhua/NAN)

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