ton-based Institute for China-American Studies, specifically praised the new Foreign Investm
ent Law－passed in March by China’s national legislature and effective in 2020－which he said is “a far
sighted piece of legislation” that “will firmly usher in a new round of reform and opening-up”.
“Strong measures to deal with political, regulatory and administrative noncompliance are envisaged. A robust wor
king mechanism to promptly address foreign businesses’ complaints is also envisaged,” said Gupta, who believes the p
rovisions are a big step in assuring foreign businesses that the playing field is leveled in China.
“It is the predictability, transparency and nondiscrimination bent of the law which, in my view, will lead to a significant inw
ard flow of foreign capital in key services and advanced manufacturing sectors,” he said.