China’s New Investment Law a Positive Step, Foreign Firms Say

A draft of regulations related to the law takes a positive step toward dealing with issues around unequal access to China’s market and intellectual property protection, the US-China Business Council said. The document that was circulated to some organizations for comment pledges greater recourse when intellectual property rights are violated and allows foreign firms to interact with local governments and also participate in the drafting of standards and government procurement, US-China Business Council Vice President Jake Parker said in an e-mail. It also emphasizes that government officials can’t compel the transfer of technology from foreign companies, he said.