Page 4 - The South China Business Journal
P. 4
itor's Note

Dr. Harley Seyedin We truly saw the respect the Chinese enterprises and signals a friendlier environment
government shows AmCham South China that enables foreign multinationals to capture
President, AmCham South China last month when Central Government announced greater value in one of the world’s most
Winner of the 2017 Oslo Business the new judicial mechanism for foreign businesses important and dynamic markets.
for Peace Award that we have been strongly recommending, most
Awarded by the Award Committee of recently as a primary call to action in our 2019 Foreign investors are now better equipped to
Nobel Laureates in Peace and Economics White Paper and Special Report. Both publications compete on the same terms as China's domestic
Visiting Scholar, Jinan University were released prior to the start of the Third companies, and a number of key sectors have
Plenary Meeting of the Second Session of the 13th gone through significant liberalization for
National People's Congress (NPC). foreign direct investment, such as automobile,
finance and insurance. The legislation
AmCham South China initiated the explicitly prohibits forced technology transfer
conversation and continued to be a strong by administrative measures and essentially
voice up until the passage of the new law. bars local governments from interfering with
The new judicial mechanism is a massive national foreign investment policies.
accomplishment for AmCham South China
and a testament of our influence. We seriously You can read more about the new law in this
could not be prouder. month’s cover story. Although the Foreign
Investment Law is flawed in many ways, we
The new complaint mechanism for foreign- are happy with the progress and proud of
invested enterprises goes into effect in 2020 our part in the creation of the legislation. We
and is designed to promptly manage problems will continue to monitor the progress of the
reflected by foreign-invested enterprises or implementation of the new law.
their investors, and coordinates and improves
relevant policies and measures. I would be in remiss if I did not take this
opportunity to also remind you of the start
The State-run judicial system is part of the of the season for our community-building
new Foreign Investment Law. The legislation AmCham South China Youth Baseball League.
includes many stipulations that aim to foster Let’s all go out and show our youngsters some
a level playing field for foreign and domestic support while also enjoying a taste of home.
   1   2   3   4   5   6   7   8   9