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Montevideo, December 22nd 2024 - 21:54 UTC

Tag: foreign investment law

  • Friday, March 15th 2019 - 09:04 UTC

    China approves foreign investment law hopefully to improve relations with US

    The National People's Congress voted 2,929 in favor of the law, barely three months after a first draft was debated

    China's rubber-stamp parliament approved a foreign investment law on Friday that was fast-tracked and may serve as an olive branch in trade talks with the United States. The legislation aims to address long-running grievances from foreign businesses, but the US and European chambers of commerce have voiced concerns that they were not given enough time to give their input.