China Matters Young Professionals is a project of China Matters that was established in 2016 to provide a unique platform for Australians in the early stages of their careers to examine, debate and publish on policy issues pertaining to the Australia-China relationship.
The Young Professionals project aims to create a dialogue between outstanding young individuals aged 35 or under who work in business and the public service, especially those dealing with foreign policy and security issues as well as trade and investment flows between Australia and China.
China’s Foreign Investment Law Reform: Potential Australian Concerns
STANCE #29 – JUNE EDITION
The new Foreign Investment Law of the People’s Republic of China (PRC) was passed by the National People’s Congress on the 15th of March with overwhelming support from lawmakers, following an uncharacteristically rapid bureaucratic approval process. The law is intended to “promote and protect foreign investment in the PRC by creating a stable, transparent and predictable market environment for fair competition”. Some have described it as a progressive attempt to level the playing field for foreign companies operating in the PRC, while others have criticised it as a toothless policy reform designed to appease the current United States government and lacking necessary detail for implementation. Aspects of the updated legislation could raise new concerns for Australian companies investing in or trading with the PRC.
Read previous editions of our YP Stance here.