Chinese lawmakers are accelerating work on a long-sought foreign-investment law, as Beijing seeks a hurried concession to the U.S.
The national legislature’s executive committee on Wednesday announced a previously unscheduled session for Jan. 29 to 30 with the draft law as the top item, less than three weeks after reviewing the current draft in a routine session.
A new foreign-investment law has the potential to level the competition between foreign and domestic firms and has been long sought by foreign businesses and drafted in various forms for years by legislative and government officials.
Foreign executives, however, are deeply skeptical that Beijing is willing to introduce changes that would weaken its powerful state sector.