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Economy

China preparing relevant rules for foreign investment law

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2019-03-22 15:04:30Xinhua Editor : Gu Liping ECNS App Download
Photo taken on May 16, 2018 shows an automatic container dock in Qingdao, east China's Shandong Province. (Xinhua/Wang Peike)

Photo taken on May 16, 2018 shows an automatic container dock in Qingdao, east China's Shandong Province. (Xinhua/Wang Peike)

China's Ministry of Commerce (MOF) said Thursday it is working with other authorities in preparing relevant rules to ensure the successful implementation of the foreign investment law.

It is also reviewing and reorganizing current regulations on foreign investment management, MOF spokesperson Gao Feng told a news conference.

The ministry will listen attentively to comments and suggestions from foreign-invested enterprises and other relevant parties during the rule-making process, he said.

China's national legislature passed the foreign investment law at the closing meeting of its annual session on March 15.

The law, a landmark legislation that will provide stronger protection and a better business environment for overseas investors, will become effective on Jan 1, 2020.

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