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Stepping Towards Fair Competition—Law Protecting Foreign Investments

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Chapter Summary

China's reform began with economic reform, which itself began with the protection of foreign investments. Transitioning to a market economy in order to create an environment with fair competition has been one of the major goals for China's reform and opening. One of the driving forces for achieving this goal has been the creation of an increasingly sophisticated foreign investment protection system. Over the course of the reform and opening period, the improvement of relevant laws and systems has reflected the nation's resolve and desire to create a foreign investment protection system aimed at creating a fair market competition environment. This resolve is what has laid the foundation for the development of China's foreign investment legal regime. During the past thirty years, China has made significant advances but also faced many challenges and problems. This chapter reviews this process of reform and change and sees what can be learned.

Keywords: China; economic reform; fair competition; foreign investment protection system; foreign investments laws; market economy



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