【Change of Time】Challenges Ahead: How will China’s New Foreign Investment Law Impact the Business Environment?
The National People’s Congress (NPC) passed the landmark Foreign Investment Law (FIL) on March 15, 2019 amid ongoing US-China trade negotiations. Unlike the normal yearlong timeline, the legislative process was atypycially streamlined into a three-month period. One of the hottest topics of Lianghui, the new law will certainly have major ramifications for all foreign businesses in China.