The National People’s Congress ended and Chinese legislators endorsed a new foreign investment law designed to prevent forced intellectual property transfer and to protect foreign companies’ commercial and trade secrets.
Connell McShane that the new law is a step in the right direction.
“This is a good sign, it means they are stepping up, they know that they need to set in motion the protocols, the regulations, to enable that foreign investment,” he said on Friday.
“The issues of the trade deficit, buying more American-made products, creating more jobs in the America will have to be enforced,” he said. “The Chinese I understand, and according to the administration officials, are willing to make significant increases in purchases of American