Significant Developments in China's Treatment of Foreign Investment – Implementing Regulation of Foreign Investment Law Comes into Effect on 1 January 2020On 1 January 2020, the Implementing Regulation on the Foreign Investment Law of the People's Republic of China ("Implementing Regulation"), which was promulgated by the State Council of the People's Republic of China on 26 December 2019, came into effect. This follows the promulgation of the Foreign Investment Law of the People's Republic of China ("PRC Foreign Investment Law") on 15 March 2020 (which has come into effect since 1 January 2020). According to Premier Li Keqiang, "the Implementing Regulation aims to further strengthen the market-oriented business environment governed by a sound legal framework, and to reassure foreign investors and businesses regarding fair competition."
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