A review of China’s latest political gathering and what it means for businesses engaging with China.
Premier Li Keqiang opened this year’s National People’s Congress meeting with a solemn review of the challenges facing the nation than in previous years—from weakening domestic and global demand to the US-China trade tensions. While the challenges are real, opportunities remain.
The legislative centerpiece of this year’s gathering was the passing of the new Foreign Investment Law. The law removes discrimination against foreign enterprises granting them the same treatment as domestic investors for new investments, bans forced tech transfers via administrative measures, and adds strong language on IP infringement. Ultimately, this as a positive step, but we await the implementation rules.
Our latest report on China’s political environment looks at this year’s political gathering and what it means for businesses engaging with China.