Verdict on China's rushed foreign investment law still out

Minutes after Chinese Premier Li Keqiang finished speaking, the security scanners barricading entry to the Great Hall of the People were whisked away and the coat racks were dismantled.

Chinese Premier Li Keqiang is displayed on a screen during a press conference after the closing session of the National People's Congress in Beijing's Great hall of the People on Friday.

what the government was doing about businesses laying off staff, foreign-invested companies relocating overseas, and the shortage of skilled workers. Chinese President Xi Jinping, left, and Chinese Premier Li Keqiang arrive at the opening session of China's National People's Congress last week.Li acknowledged that many of the regulations that will flesh out how the law works will be released in the coming weeks and months.

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China is overhauling its foreign investment laws today — how might it affect business in Australia?Could Australia face blowback over the decision to block Huawei from 5G networks under China's new foreign investment law? Their foot is much bigger so if we all indulge in protectionist own foot shooting they will feel a lot more pain for their stupidity. Meanwhile we have many other friends in the international community that we can and should focus on mutually beneficial interactions with. A nations physical security must always take precedence over free trade. Banning a Chinese company from our communications network is a no brainer. It should not even be up for discussion.
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