A new foreign investment law in China comes into effect on January 1, 2020. It promises an equal treatment of foreign invested companies, forbid forced technology transfer and gives equal access to government procurement.
It is also bringing control of foreign investment policy to national instead of regional level.
It replaces 3 previous laws on foreign owned company entities. There is a 5 years transition period to adjust organization and governance structure.
The law is short on details but sets general direction and further clarifications are expected in the imlpementation instructions.