China's new investment law opens more doors: Experts

A Chinese flag is seen on the land secured by Tesla for its Gigafactory in Shanghai, China, on Dec 16, 2018.
A Chinese flag is seen on the land secured by Tesla for its Gigafactory in Shanghai, China, on Dec 16, 2018.PHOTO: REUTERS

Measures to facilitate foreign investment reflect Beijing's will to modernise, they say

China's new foreign investment law, which was passed during the recent annual parliamentary session, brings more opportunities for overseas investors and marks the country's resolve to make bigger strides in economic liberalisation, said experts.

"It is a significant step towards shaping a more level playing field for foreign investors," said Mr Gordon Tan, general manager of Sino-Singapore Chongqing Connectivity Solutions, a joint venture between Singapore and Chongqing firms.

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A version of this article appeared in the print edition of The Straits Times on March 25, 2019, with the headline 'China's new investment law opens more doors: Experts'. Print Edition | Subscribe