What are the provisions of the foreign investment law applicable to business ventures in China?

The primary law that governs foreign investment and the operation of business ventures in China is the Foreign Investment Law of China, which entered into force in 2019. This law is applicable to both foreign-invested enterprises in China, as well as investments made by foreign companies in China. The purpose of this law is to provide encouragement to foreign investment, to create an open, transparent, and business-friendly environment in China, and to ensure the healthy and orderly development of foreign investment in China. The law stipulates that foreign-invested enterprises in China are to be treated on equal terms with domestically-owned enterprises, and that Chinese authorities should facilitate foreign investment. It also provides guarantees against expropriation or nationalization of foreign-invested enterprises. The law also states that foreign-invested enterprises in China should have the same rights to land and resources as Chinese-owned ones, and that any foreign investments in China should ensure compliance with Chinese environmental, labor, and safety regulations. Finally, foreign investors are protected from discriminatory treatment in terms of management and operations, and are granted various incentives and tax benefits. In summary, the Foreign Investment Law of China provides comprehensive protection and support to foreign-invested enterprises and foreign investors in China. This law ensures that foreign companies are treated on equal terms with domestic companies, and have the same access to resources and incentives as domestic companies. In addition, foreign investors are provided with various protections and benefits, such as guarantees against expropriation and discriminatory treatment, and support in complying with Chinese environmental, labor, and safety regulations.

What are the provisions of the foreign investment law applicable to business ventures in China?

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