BEIJING — China is poised to approve a sweeping rewrite of the country’s laws on foreign investment that it hopes will help pacify the United States and ease a rancorous trade dispute. The new rules would respond to some concerns among foreign governments and businesses but disregard many other worries. Beijing has denied any shortcomings in its existing practices, and the new law does call for tighter enforcement. But the new law is made up of many single-sentence pronouncements on complex issues, with no details on how those rules would be carried out. “This is good, but it’s not enough,” said Carlo Diego D’Andrea, the chairman of the European Chamber of Commerce in Shanghai.

Source: New York Times March 04, 2019 12:11 UTC