China is poised to approve changes to foreign investment lawsThe annual session of the National People’s Congress begins today and trade, particularly with the U.S., is expected to dominate much of the agenda. The Trump administration is close to signing a trade deal with China, according to people with knowledge of the talks, that would roll back tariffs on both sides of the Pacific in exchange for changes to some of China’s economic policies that prevent American companies from operating there. Case in point: The National People’s Congress is poised to approve a string of sweeping new foreign investment rules in its current session aimed at addressing the issues that the U.S. and other Western countries have repeatedly raised with Beijing, including easing the transfer of technology to Chinese companies. Criticism: The new law lacks any details on enforcement and some experts suggest it doesn’t go far enough.

Source: New York Times March 04, 2019 19:07 UTC