BEIJING — China has accelerated plans to introduce a new foreign investment law that will tackle some of the key sources of friction with the United States by banning forced technology transfers and better protecting intellectual property rights.
The decision came hours before Chinese and American negotiators were due to sit down in Washington for highly anticipated talks on resolving their trade dispute.
The National People’s Congress, China’s rubber-stamp parliament, will vote on the new foreign investment law, which will replace three existing laws, during a session scheduled to open on March 5, the official Xinhua news agency reported Wednesday. It is sure to be approved.
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