BEIJING, Feb. 1 (Xinhua) -- China has quickened the pace to promote introduction of a new foreign investment law in an effort to provide stronger legal protection for further opening-up and better foreign investment.
China's Ministry of Commerce (MOC) will formulate supporting regulations for the new foreign investment law, said MOC spokesperson Gao Feng on Thursday.
According to Gao, the draft of the foreign investment law demonstrates China's commitment to promote a predictable, transparent, and fair legal and regulatory regime for foreign investment in China.
According to the draft, the pre-establishment national treatment and negative list management mode will be applied to the foreign investment. Conditions of technological cooperation concerning foreign investment should be decided by all parties of investment through negotiation, and government departments and officials cannot use administrative means for forced technology transfers.
It also stipulates that foreign-invested enterprises have equal access to favorable policies for enterprises. (Edited by Wu Shuang, wushuang@xinhua.org)
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