A draft version of Foreign Investment Law has caught wide attention during the annual sessions of the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC). The draft was submitted to the Second Session of the 13th NPC on March 8 and will be deliberated over on March 15. If passed, it would become the basic law on foreign investment in China.
The draft has attracted the interest of African journalists. One of these is Wendyl Martin, a news editor with South Africa’s Weekend Argus Sunday. He shared his view with ChinAfrica.
He noted that the law will open up opportunities for foreign private businesses to invest in more Chinese cities. He expects that more and more South African companies will seek to invest in China.