China promulgates a new law to encourage and protect foreign investment and open markets .

On 15/03/2019, the National People's Congress of the People's Republic of China has promulgated a new law on attracting foreign investment, which will come into effect on 01/01/2020. This Foreign Investment Law has been drafted to further expand and encourage openness to foreign investment, protect the rights and interests of foreign investors, standardize the regulation of foreign investment, promote the formation of a new structure for comprehensive liberalization, enhance healthy economic development and improve the legal system for foreign investors in the People's Republic of China.