2020年CRI China's new law to improve business environment for foreign and domestic investors

 

China's political advisors² have said that the draft foreign investment law submitted to lawmakers during the annual meeting of the national legislator shows that the government is keen to embrace global investors³.

A draft foreign investment law is currently being deliberated by the nation's lawmakers.

If it's adopted, it will replace three existing laws on foreign equity⁴ joint⁵ ventures, wholly foreign-owned enterprises, and cross-border contractual joint ventures.

Jiang Ying is a political advisor¹ with the Chinese People's Political Consultative Committee, the CPPCC. She is also a senior executive from Deloitte.

She said the law will help to boost the confidence of foreign investors in China's market.

"The new law aims to improve transparency, fairness, and predictability in the market environment. There should be a stable system that serves foreign investors. A mechanism⁶ should be established to properly handle their complaints. The draft law fully⁷ reflects the government's endeavors to streamline⁸ administration, reduce barriers in the market, and improve both supervision⁹ and services. It also shows that the government's capacity for management has improved."

The draft law offers pre-establishment national treatment to foreign companies. This means that foreign investors are entitled to equal treatment in industry sectors¹¹ areas outside of the negative list, which specifies¹² sensitive sectors of the economy off limit to foreign investors.

Some commentators¹³ have expressed concerns that the new law will negatively impact China's domestic private sector¹⁰ firms.

But Liu Wei, who is a political advisor and the CEO of PCI Technology, said that private companies will be able to deal with the extra competition they'll face as the country opens wider to the world, and that many of these domestic firms will benefit from the new law.

"In the field of technology, companies in China are quite competitive when it comes to research and development. Domestic companies are more familiar with the local market. I have a positive view of the new law. It think it fixed¹⁴ the previous 'super-national' treatment that was given to overseas investors. More importantly, it offers better assistance for domestic companies taking part in global competition."

Liu Shijin is the deputy director of the economics committee of the CPPCC.

He said that the law aims to improve the transparency of foreign investment policies, and ensure that domestic and foreign enterprises can compete on a level playing field.

"Once it's approved, the new law will play a positive role in stabilizing¹⁵ the expectations of foreign investors regarding China's market, and help them to secure their long-term development in China. All of the companies in a market economy should be treated equally, no matter who owns them. This is the big goal in the future."

China has made a series of moves over the past year to reach out to overseas investors and ensure fair competition between domestic and foreign players.

Official data showed that last year, despite a global economic downturn, China saw a record level of foreign direct investment, with an inflow of capital worth 135 billion U.S. dollars.

1 advisor   

n.顾问，指导老师，劝告者

参考例句：

• They employed me as an advisor.他们聘请我当顾问。
• The professor is engaged as a technical advisor.这位教授被聘请为技术顾问。

2 advisors   

n.顾问，劝告者( advisor的名词复数 )；（指导大学新生学科问题等的）指导教授

参考例句：

• The governors felt that they were being strung along by their advisors. 地方长官感到他们一直在受顾问们的愚弄。 来自《现代汉英综合大词典》
• We will consult together with advisors about her education. 我们将一起和专家商议她的教育事宜。 来自互联网

3 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

4 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

5 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

6 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。

7 fully   

adv.完全地，全部地，彻底地；充分地

参考例句：

• The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
• They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。

8 streamline   

vt.使成流线型；使简化；使现代化

参考例句：

• We must streamline our methods.我们必须简化方法。
• Any liquid or gas passing it will have streamline flow.任何通过它的液体或气体将呈流线型的流动。

9 supervision   

n.监督，管理

参考例句：

• The work was done under my supervision.这项工作是在我的监督之下完成的。
• The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。

10 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

11 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

12 specifies   

v.指定( specify的第三人称单数 )；详述；提出…的条件；使具有特性

参考例句：

• The third clause of the contract specifies steel sashes for the windows. 合同的第三款指定使用钢窗。 来自《简明英汉词典》
• The contract specifies red tiles, not slates, for the roof. 合同规定屋顶用红瓦，并非石板瓦。 来自《现代汉英综合大词典》

13 commentators   

n.评论员( commentator的名词复数 )；时事评论员；注释者；实况广播员

参考例句：

• Sports commentators repeat the same phrases ad nauseam. 体育解说员翻来覆去说着同样的词语，真叫人腻烦。
• Television sports commentators repeat the same phrases ad nauseam. 电视体育解说员说来说去就是那么几句话，令人厌烦。 来自《简明英汉词典》

14 fixed   

adj.固定的，不变的，准备好的；(计算机)固定的

参考例句：

• Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
• Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。

15 stabilizing   

n.稳定化处理[退火]v.（使）稳定， （使）稳固( stabilize的现在分词 )

参考例句：

• The disulfide bridges might then be viewed primarily as stabilizing components. 二硫桥可以被看作是初级的稳定因素。 来自辞典例句
• These stabilizing design changes are usually not desirable for steady-state operation. 这些增加稳定性的设计改变通常不太符合稳态工作的要求。 来自辞典例句