Investing.com investing.com 19 Dec, 2020 12:15 am

China issues national security rules on foreign investment By Reuters

China issues national security rules on foreign investment By Reuters
China issues national security rules on foreign investment

SHANGHAI (Reuters) - China published rules on Saturday for reviewing foreign investment on national security grounds, potentially broad measures that it insisted did not amount to protectionism." Major economies like the United States, the European Union, Australia, Germany and Japan have established or improved their review mechanisms on foreign investment in recent years, it said.The rules, which take effect in 30 days, follow a foreign investment law published last year aimed at broadening market access for overseas investors.Last year's foreign investment law made it clear China would set up a review mechanism for foreign investment, and foreign companies and trade associations have been awaiting the new rules so that they can make investment decisions, the NDRC said.

China issues new rules to review foreign investment on national security grounds p SHANGHAI (Reuters) - China has drawn up new rules that will allow authorities to review foreign investment on national security grounds, the country's state planning agency said on.This was in line with international practice and would help balance the economic benefits of further opening with the need to ensure national security, the NDRC said.

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