China to revamp national security review for foreign investments  

港媒：中国对外商投资“国家安全审查”将走上台面

三一重工在美关联企业“告赢”奥巴马，让美国对外商投资的国家安全审查的程序正义问题受到各方关注，也让苦恼于经济问题被无端政治化的中国企业开心了一回。不过此案一个不容忽视的意义，就是为即将走上台面的中国对外商投资的国家安全审查提供了重要的借鉴意义。[查看全文]

(ECNS) – The Sany Group's winning the case against US President Barack Obama has brought attention back to China's national security review process for foreign investments, according to Hong Kong newspaper Ming Pao.

The Ralls Corp., an affiliate of Sany, sued Obama and the Committee on Foreign Investment in the United States (CFIUS) in 2012 for denying it to own wind farms in Oregon based on national security reasons.

On July 15, the US Court of Appeals in Washington ruled that Ralls must be allowed to challenge the evidence the president drew on to make the decision.

The case provides lessons for the Chinese government as it's poised to enhance its national security review of foreign investments.

Although China set up a separate national security review mechanism in 2011, it was mostly laying idle as the government examined all aspects of foreign investment.

That will change as China revamps its policies to loosen restrictions.

On June 17, a new approval and review policy of foreign investment came into effect, which limits government inspections to only a few aspects, including possible national security risks.

Experts have been calling for an institution similar to the CFIUS, as well as policies to improve transparency in the review process, like the US did in 2007 with the Foreign Investment and National Security Act.