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EU Chamber says China’s new foreign investment law is ‘surprisingly accommodating’

October 21, 2019


BEIJING — At least on paper, the Chinese government is trying to show how serious it is about improving the local business environment for foreign companies.

Joerg Wuttke, president of the European Union Chamber of Commerce in China, told reporters Friday that based on a preliminary look at the country’s new foreign investment law, “It is surprisingly accommodating to all concerns … we have.”

The law, set to take effect Jan. 1, puts a strong emphasis on preventing Chinese entities from forcing foreign companies to transfer valuable technology in order to do business in China, and also improves protection of trade secrets, Wuttke said.

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