国内英语资讯:China eyes further opening-up in updated draft foreign investment law
<p><span word="BEIJING">BEIJING</span>, <span word="Jan">Jan</span>. 29-- <span word="The">The</span> <span word="Standing">Standing</span> <span word="Committee">Committee</span> <span word="of">of</span> <span word="the">the</span> <span word="National">National</span> <span word="People">People</span>'<span word="s">s</span> <span word="Congress">Congress</span> (<span word="NPC">NPC</span>) <span word="on">on</span> <span word="Tuesday">Tuesday</span> <span word="started">started</span> <span word="reviewing">reviewing</span> <span word="a">a</span> <span word="new">new</span> <span word="draft">draft</span> <span word="of">of</span> <span word="the">the</span> <span word="foreign">foreign</span> <span word="investment">investment</span> <span word="law">law</span>, <span word="the">the</span> <span word="latest">latest</span> <span word="move">move</span> <span word="to">to</span> <span word="promote">promote</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="opening">opening</span>-<span word="up">up</span> <span word="initiative">initiative</span>.</p><p><span word="During">During</span> <span word="the">the</span> <span word="two">two</span>-<span word="day">day</span> <span word="session">session</span>, <span word="members">members</span> <span word="of">of</span> <span word="the">the</span> <span word="top">top</span> <span word="legislature">legislature</span> <span word="are">are</span> <span word="scheduled">scheduled</span> <span word="to">to</span> <span word="deliberate">deliberate</span> <span word="a">a</span> <span word="new">new</span> <span word="version">version</span> <span word="of">of</span> <span word="the">the</span> <span word="draft">draft</span> <span word="law">law</span>, <span word="which">which</span> <span word="has">has</span> <span word="been">been</span> <span word="updated">updated</span> <span word="from">from</span> <span word="the">the</span> <span word="first">first</span> <span word="draft">draft</span> <span word="submitted">submitted</span> <span word="to">to</span> <span word="the">the</span> <span word="previous">previous</span> <span word="session">session</span> <span word="last">last</span> <span word="month">month</span>.</p><p><span word="Once">Once</span> <span word="adopted">adopted</span>, <span word="the">the</span> <span word="unified">unified</span> <span word="law">law</span> <span word="will">will</span> <span word="replace">replace</span> <span word="three">three</span> <span word="existing">existing</span> <span word="laws">laws</span> <span word="on">on</span> <span word="Chinese">Chinese</span>-<span word="foreign">foreign</span> <span word="equity">equity</span> <span word="joint">joint</span> <span word="ventures">ventures</span>, <span word="non">non</span>-<span word="equity">equity</span> <span word="joint">joint</span> <span word="ventures">ventures</span> (<span word="or">or</span> <span word="contractual">contractual</span> <span word="joint">joint</span> <span word="ventures">ventures</span>) <span word="and">and</span> <span word="wholly">wholly</span> <span word="foreign">foreign</span>-<span word="owned">owned</span> <span word="enterprises">enterprises</span>.</p><p><span word="By">By</span> <span word="the">the</span> <span word="end">end</span> <span word="of">of</span> <span word="October">October</span> 2018, <span word="a">a</span> <span word="total">total</span> <span word="of">of</span> <span word="nearly">nearly</span> 950,000 <span word="foreign">foreign</span>-<span word="funded">funded</span> <span word="companies">companies</span> <span word="had">had</span> <span word="registered">registered</span> <span word="in">in</span> <span word="China">China</span>, <span word="bringing">bringing</span> <span word="in">in</span> <span word="an">an</span> <span word="accumulated">accumulated</span> <span word="investment">investment</span> <span word="of">of</span> <span word="over">over</span> 2.1 <span word="trillion">trillion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span> <span word="and">and</span> <span word="performing">performing</span> <span word="as">as</span> <span word="major">major</span> <span word="driving">driving</span> <span word="forces">forces</span> <span word="in">in</span> <span word="China">China</span>'<span word="s">s</span> <span word="economic">economic</span> <span word="and">and</span> <span word="social">social</span> <span word="development">development</span>.</p><p><span word="BETTER">BETTER</span> <span word="PROTECTION">PROTECTION</span></p><p><span word="To">To</span> <span word="better">better</span> <span word="implement">implement</span> <span word="the">the</span> <span word="report">report</span> <span word="of">of</span> <span word="the">the</span> 19<span word="th">th</span> <span word="National">National</span> <span word="Congress">Congress</span> <span word="of">of</span> <span word="the">the</span> <span word="Communist">Communist</span> <span word="Party">Party</span> <span word="of">of</span> <span word="China">China</span> <span word="in">in</span> 2017, <span word="the">the</span> <span word="new">new</span> <span word="draft">draft</span> <span word="further">further</span> <span word="expanded">expanded</span> <span word="the">the</span> <span word="article">article</span> <span word="on">on</span> <span word="the">the</span> <span word="system">system</span> <span word="of">of</span> <span word="pre">pre</span>-<span word="establishment">establishment</span> <span word="national">national</span> <span word="treatment">treatment</span> <span word="plus">plus</span> <span word="a">a</span> <span word="negative">negative</span> <span word="list">list</span>, <span word="said">said</span> <span word="Li">Li</span> <span word="Fei">Fei</span>, <span word="chairman">chairman</span> <span word="of">of</span> <span word="the">the</span> <span word="NPC">NPC</span> <span word="Constitution">Constitution</span> <span word="and">and</span> <span word="Law">Law</span> <span word="Committee">Committee</span>, <span word="while">while</span> <span word="presenting">presenting</span> <span word="the">the</span> <span word="new">new</span> <span word="draft">draft</span> <span word="to">to</span> <span word="lawmakers">lawmakers</span>.</p><p><span word="The">The</span> <span word="draft">draft</span> <span word="is">is</span> <span word="also">also</span> <span word="in">in</span> <span word="line">line</span> <span word="with">with</span> <span word="the">the</span> <span word="amendment">amendment</span> <span word="to">to</span> <span word="the">the</span> <span word="Constitution">Constitution</span>, <span word="which">which</span>, <span word="adopted">adopted</span> <span word="by">by</span> <span word="the">the</span> <span word="NPC">NPC</span> <span word="in">in</span> <span word="March">March</span>, <span word="stipulates">stipulates</span> <span word="that">that</span> <span word="China">China</span> "<span word="pursues">pursues</span> <span word="a">a</span> <span word="mutually">mutually</span> <span word="beneficial">beneficial</span> <span word="strategy">strategy</span> <span word="of">of</span> <span word="opening">opening</span> <span word="up">up</span>."</p>
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