2020年CRI China's investment law to protect foreign investors, expand opening-up: NPC official

The latest draft of a proposed foreign investment law is being considered by the country's legislators during the ongoing¹ Two Sessions meetings. The new law is designed to enhanced protection for foreign investors² and aims to promote a further opening of China's economy.

A new draft foreign investment law has been submitted to the nation's lawmakers for deliberation.

If adopted, it will replace three existing laws on foreign equity³ joint⁴ ventures, wholly foreign-owned enterprises, and cross-border contractual joint ventures.

Liu Junchen, one of China's senior legislators, has described the law as being significant for the country and for its overseas investors.

"To meet the need to build an open economy in the new era, it is imperative⁵ to enact⁶ a new unified⁷ basic law on foreign investment. It is also essential to furthering opening-up, implementing⁸ the decisions and plans of the Central Committee of the Communist Party of China, building a new foreign capital management system, and unifying⁹ regulations on domestic and foreign investments."

Liu says that the law aims to improve the transparency of foreign investment policies and ensure domestic and foreign enterprises can compete on a level playing field.

"Promotion¹⁰ and protection are the highlights of the new foreign investment law. It is a law to promote and protect foreign investment, and vigorous expand opening-up and the promotion of foreign investment."

Zhang Yichen, a political advisor¹¹ with the Chinese People's Political Consultative Conference and the chairman and CEO of CITIC Capital, has thrown his support behind the draft law. He says that the protection it provides to intellectual property rights will help the country to abide¹² by international rules.

"The current amendment¹³ to (the draft of) the investment law is a very good step in showing the world that China is just as eager to protect intellectual properties and China will forbid forced technology transfer to address again, concerns from outside. I think in terms of market access, we could do better in some ways."

China is home to more than 2,000 regional headquarters and research and development centers for multinational¹⁴ enterprises.

A report by the World Bank Group said in 2018, China advanced to a global ranking of 46 in terms of ease of doing business, up from the 78th spot in the rankings in 2017.

Some global investors have said that the rollout of the new investment law will further boost global confidence in China's economy and promote high-quality development.

1 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

3 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

4 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

5 imperative   

n.命令，需要；规则；祈使语气；adj.强制的；紧急的

参考例句：

• He always speaks in an imperative tone of voice.他老是用命令的口吻讲话。
• The events of the past few days make it imperative for her to act.过去这几天发生的事迫使她不得不立即行动。

6 enact   

vt.制定(法律)；上演，扮演

参考例句：

• The U.S. Congress has exclusive authority to enact federal legislation.美国国会是唯一有权颁布联邦法律的。
• For example,a country can enact laws and economic policies to attract foreign investment fairly quickly.例如一个国家可以很快颁布吸引外资的法令和经济政策。

7 unified   

(unify 的过去式和过去分词)； 统一的； 统一标准的； 一元化的

参考例句：

• The teacher unified the answer of her pupil with hers. 老师核对了学生的答案。
• The First Emperor of Qin unified China in 221 B.C. 秦始皇于公元前221年统一中国。

8 implementing   

v.实现( implement的现在分词 )；执行；贯彻；使生效

参考例句：

• -- Implementing a comprehensive drug control strategy. ――实行综合治理的禁毒战略。 来自汉英非文学 - 白皮书
• He was in no hurry about implementing his unshakable principle. 他并不急于实行他那不可动摇的原则。 来自辞典例句

9 unifying   

使联合( unify的现在分词 )； 使相同； 使一致； 统一

参考例句：

• In addition, there were certain religious bonds of a unifying kind. 此外，他们还有某种具有一种统一性质的宗教上的结合。
• There is a unifying theme, and that is the theme of information flow within biological systems. 我们可以用一个总的命题，把生物学系统内的信息流来作为这一研究主题。

10 promotion   

n.提升，晋级；促销，宣传

参考例句：

• The teacher conferred with the principal about Dick's promotion.教师与校长商谈了迪克的升级问题。
• The clerk was given a promotion and an increase in salary.那个职员升了级，加了薪。

11 advisor   

n.顾问，指导老师，劝告者

参考例句：

• They employed me as an advisor.他们聘请我当顾问。
• The professor is engaged as a technical advisor.这位教授被聘请为技术顾问。

12 abide   

vi.遵守；坚持；vt.忍受

参考例句：

• You must abide by the results of your mistakes.你必须承担你的错误所造成的后果。
• If you join the club,you have to abide by its rules.如果你参加俱乐部，你就得遵守它的规章。

13 amendment   

n.改正，修正，改善，修正案

参考例句：

• The amendment was rejected by 207 voters to 143.这项修正案以207票对143票被否决。
• The Opposition has tabled an amendment to the bill.反对党已经就该议案提交了一项修正条款。

14 multinational   

adj.多国的，多种国籍的；n.多国籍公司，跨国公司

参考例句：

• The firm was taken over by a multinational consulting firm.这家公司被一个跨国咨询公司收购。
• He analyzed the relationship between multinational corporations and under-developed countries.他分析了跨国公司和不发达国家之间的关系。