国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

China / Government

Rule of law will boost foreign confidence

By Zhang Xiang (chinadaily.com.cn) Updated: 2014-11-18 12:07

The overhaul of the legal system and its strict enforcement will help create a transparent environment for foreign investors and boost their confidence in the Chinese market, said Vaughn Barber, head of China Outbound for KPMG.

"Foreign enterprises need to be guaranteed that problems they encounter in China could be solved according to law," Barber said in an emailed interview with the China Daily website.

Barber attended a briefing about rule of law held by the International Department of the CPC Central Committee on Nov 3.

It is encouraging that the Chinese leadership made a determination on rule of law during the Fourth Plenary Session of the 18th CPC Central Committee, he said.

Foreign companies operating in China will enjoy easier market access and better prospects with the implementation of the decisions made at the fourth plenum, said Zhang Yansheng, secretary general of the academic committee at the National Development and Reform Commission.

The legal system and law enforcement are important aspects of the investment environment for foreign investors in China, Barber said. "If everything is going in accordance with law under a complete legal system, the costs of foreign enterprises will be fixed and controllable, attracting more investment to China".

He also expressed his expectation that the pace of some amendments to laws with regard to foreign investment in China would speed up.

There are three enterprise laws related to foreign investment, namely Law of the People's Republic of China on Foreign-Capital Enterprises, Law of the People's Republic of China on Chinese-Foreign Contractual Joint Ventures and Law of the People’s Republic of China on Chinese-Foreign Equity Joint Ventures, with the first two implemented in 2000 and the third in 2001.

With the rapid development of the Chinese economy and foreign direct investment in the past decade, the three laws can no longer meet the needs of foreign companies and amendments are urgently needed, he said.

Apart from the amendments, law enforcement and supervision are also important issues for China to think through as it implements the decisions of the plenum, Barber added.

He also hopes that foreign companies could have more fair opportunities when participating in the "mixed-ownership" reform of the State-owned enterprises.

As rule of law provides a more open and transparent environment for competition, both foreign and Chinese enterprises will have to improve competitiveness, which will also boost the image of Chinese enterprises in overseas markets, he said.

Improvement of laws and regulations concerning external affairs is also included among the decisions of the plenum.

These steps will be conducive to Chinese companies investing overseas and also better protect the interests of Chinese individuals and corporations overseas, Barber said.

Related:

Rule of law benefits foreign firms
Rule of law to help China's diplomacy

 

Highlights
Hot Topics
...
玉田县| 溧水县| 九龙县| 乌苏市| 南投市| 武鸣县| 岳阳县| 上饶市| 东乌珠穆沁旗| 清新县| 当雄县| 宿州市| 大同县| 曲水县| 响水县| 堆龙德庆县| 察雅县| 云和县| 拉孜县| 建瓯市| 古浪县| 繁昌县| 自治县| 开原市| 遵义市| 博客| 衢州市| 水城县| 哈巴河县| 南靖县| 禹州市| 江达县| 同心县| 吉林市| 宜昌市| 姚安县| 行唐县| 敖汉旗| 龙游县| 周宁县| 乐陵市|