China is overhauling its foreign investment laws today — how might it affect business in Australia?

China's congress is set to pass a massive revamp of its Foreign Investment Law today, a revision that Chinese officials say will put foreign companies that invest in China on an equal footing with local firms.

It aims to streamline the approvals process for potential investors, and will replace three existing laws, some of which date back to the 1970s. However, foreign investors will be subject to what has been referred to as a"negative list" of 48 industry sectors — such as energy and education — which foreign companies will be restricted from participating in.that Beijing perceives to threaten national security.

A nations physical security must always take precedence over free trade. Banning a Chinese company from our communications network is a no brainer. It should not even be up for discussion.

Their foot is much bigger so if we all indulge in protectionist own foot shooting they will feel a lot more pain for their stupidity. Meanwhile we have many other friends in the international community that we can and should focus on mutually beneficial interactions with.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China heads for a trade recession as exports crash 20pc, and that's bad news for AustraliaWhile seasonal conditions impacted the result, last month's collapse in China's imports and exports was far bigger than expected and points to serious problems in the global economy. Oh shock horror worry worry Anothing else It sure is bad news because China buys more of us than all the other countries put together. We should have helped India to develop faster, then we would not have all of our export eggs in one basket.
Source: abcnews - 🏆 5. / 83 Read more »