The law will help create much better conditions for foreign investors and help them plan long-term returns on investments in China, Ohoven told Xinhua.China is making changes to strengthen foreign investment regulations, said Hans Hendrischke, a professor of Chinese business and management at the University of Sydney Business School.
It aims to improve the transparency of foreign investment policies and ensure that foreign-invested enterprises participate in market competition on an equal basis.
It aims to improve the transparency of foreign investment policies and ensure that foreign-invested enterprises participate in market competition on an equal basis.
Thornton China Center at the Brookings Institution, told Xinhua in an interview on Monday that he believes the draft law will attract more foreign investment.
China's draft foreign investment law is well received among foreign investors, who believe it will further improve the country's business environment.
"The law is a full testament to China's determination and confidence in opening wider to the outside world and promoting foreign investment in the new era," Wang said.
The state shall guarantee that foreign-invested enterprises are able to participate in standard-setting work on an equal footing in accordance with law, and mandatory state standards shall apply equally to them, according to the document.
A draft foreign investment law will be submitted to the second session of the 13th National People's Congress (NPC) for deliberation, according to an explanatory document on the draft available to the press Friday afternoon.