BEIJING: China's rubber-stamp parliament will vote on Friday on a foreign investment law that was fast-tracked in what observers see as a bid to facilitate trade talks with the United States.
The bill will eliminate the requirement for foreign enterprises to transfer proprietary technology to Chinese joint-venture partners and protect against"illegal government interference" - major sticking points in the trade negotiations. The American Chamber of Commerce in China said in a statement that it"welcomes and appreciates this legislative effort to improve the foreign investment climate".
The European Union Chamber of Commerce in China had earlier complained that Beijing was rushing the investment law to appease the United States. It also fleshes out criminal penalties for officials who leak confidential information they obtain from overseas businesses, the source added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US, China to observe market forces on currencies: People's Bank of China Governor YiBEIJING (BLOOMBERG) - China and the US have reached consensus on many 'crucial' issues, including a commitment to observe market-oriented exchange rate mechanisms, People's Bank of China Governor Yi Gang said.. Read more at straitstimes.com. Drhbrteeytfftfgivv
Leer más »