BEIJING, March 12 (Xinhua) -- China opens its door wider for foreign investment, with constant efforts including promoting the publication of a foreign investment law, said Tang Wenhong, director of the Department of Foreign Investment Administration under the Ministry of Commerce (MOC).
The draft foreign investment law, which has drawn global attention, entered the deliberation process Sunday during the second session of the 13th National People's Congress (NPC).
It includes the foreign investment management system of pre-entry national treatment in combination with negative list, granting legal position of the long-existing negative list system.
In addition, many of its provisions directly reflect fair competition, such as the prohibition of technology transfer, the protection of intellectual property rights, etc., which provide legal protection for rights and interests of foreign investors, said Huo Jianguo, vice-president of the China Institute for WTO Studies.
Tang said that in line with the foreign investment law, China has released a series of policies aiming to provide more reassuring business environment and allow more foreign investment to "come in". The policies have been proved efficient: In 2018, the World Bank raised the rating of China's business environment by 32 at a time. (Edited by Li Wenxin, liwenxin@xinhua.org)
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