The NPC adopted a single law to replace three older laws governing foreign-invested enterprises. It promised national treatment and protection against forced technology transfer, reflecting external pressure and Chinaโs goal of attracting investment through a more unified legal framework.
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What did the 2019 Foreign Investment Law replace?
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Explanation
The law consolidated the previous legal framework for joint ventures and wholly foreign-owned enterprises.
The 2019 Foreign Investment Law replaced three earlier foreign-investment statutes.
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Explanation
It consolidated the previous joint-venture and wholly foreign-owned enterprise laws.