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China passed new foreign investment law

China's parliament approved a new foreign investment law that aims to create a transparent environment for foreign companies as China and the United States work to end a trade war.

Beijing is committed to ensuring the new foreign investment law is a meaningful milestone in its opening up to the world, Premier Li Keqiang said on Friday at the closing meeting of the second session of the 13th National People's Congress (NPC).

The new law replaces the “three foreign capital laws” – the Law on Sino-Foreign Equity Joint Ventures, the Law on Sino-Foreign Contractual Joint Ventures and . . .

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