On March 15, 2019, new foreign investment law was adopted by the government and it is set to be effective from January 01, 2020. This new law will replace the current three laws pertaining to foreign direct investment, viz;
The new foreign investment law is set to integrate all the above-mentioned regulations into a single law, which will in turn benefit and protect the foreign investors. The new law also aims to protect and attract foreign investments through legislative means. Some provisions are as under:
The new law can help foreign entities in protecting their IP better in China, which has been a long-standing issue that foreign companies had while investing in China.
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