For­eign in­vest­ment laws will be re­vised

China Daily (Canada) - - NEWSCAPSULE -

Chi­nese of­fi­cials are seek­ing ideas to build a level pay­ing ground for all businesses, do­mes­tic and over­seas.

“The re­vi­sion this time aims to unify do­mes­tic laws on for­eign in­vest­ments and will fo­cus on the equal treat­ment of for­eign and do­mes­tic in­vest­ments, strength­en­ing se­cu­rity re­view and ad­vanc­ing the re­forms of for­eign in­vest­ment reg­u­la­tion,” Qiu Guan­gling, di­rec­tor of the depart­ment of For­eign In­vest­ment Ad­min­is­tra­tion at the Min­istry of Com­merce, re­cently said.

In a re­cent state­ment, the US-China Busi­ness Coun­cil called for China’s pol­i­cy­mak­ers to con­sider elim­i­nat­ing ter­mi­nol­ogy such as “for­eign­in­vested en­ter­prises”.

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