China approves foreign investment law, possible US olive branch

BEIJING, China --- China's rubber-stamp parliament approved a foreign investment law Friday that may serve as an olive branch in trade talks with the United States, but it received a lukewarm welcome from business groups. The legislation aims to address long-running grievances from foreign firms including stronger protections for intellectual property, but the US and European chambers of commerce voiced concerns that they were not given enough time to give their input. The National People's Congress voted 2,929 in favor of the law --- with eight against and eight abstentions -- barely three months after a first draft was debated, an unusually quick turnaround for the legislatur...

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