China's Foreign Investment Law to be a ‘fundamental law’

The new foreign Investment Law,which has unified provisions for the entry, promotion, protection, and management of foreign Investment, will play a leading role as an overarching Law in the field of foreign Investment, according to an explanatory document on the draft available to the press Friday.

"The foreign Investment Law is a comprehensive and fundamental set of legal standards for foreign Investment activities in China under new circumstances,” said Wang Chen, vice chairman of the National People's Congress (NPC) Standing Committee, to the deputies attending an NPC plenary session.