For many, Premier Li Keqiang’s statement on how “There will be more risks and challenges that are either predictable or unpredictable and we must be fully prepared for a tough battle.” could not have captured the mood of the global economy any better.
“Denmark was among the first Western countries to establish diplomatic relations with the People’s Republic of China and was also among the Northern European countries that established a comprehensive strategic partnership with China.”
Detailed regulations regarding the Foreign Investment Law are expected
The Foreign Investment Law is necessary for China’s further reform and opening up.
The new foreign investment law will make China’s legal system fully compliant with the WTO rules system and up to the same level as what is seen in most developed countries.
“The rights and interests of foreign investors will be protected by the law, which shows that China will further its reform and opening-up in a more transparent manner.”
China pushes ahead with sound monetary policies while dissolving financial risks.
China will maintain a good balance between controlling risks and stabilizing economic growth.
New measures target the rural-urban gap and seek better overall development
The New York Times on Monday claimed China was making a “sweeping rewrite” of its laws in a hope to “pacify the United States and ease a rancourse trade dispute”. The new law does address some of the claims made by the U.S., but is China really passing a law to appease them?
This is a testing period in the history of China’s economy, but the Chinese government is facing it thoughtfully, maturely and with much foresight. At […]
The new law is regarded as a significant step in opening up the Chinese market to foreign businesses. It also addresses complaints that have been prevalent among foreign investors.