Foreign investment law draws reactions

Zhang Tianren, an NPC deputy and chairman of the Tianneng Group

If the draft foreign investment law is passed, it will help boom the cooperation of enterprises at home and abroad, and accelerate the transformation and upgrading of Chinese companies.

It will help attract high-quality foreign companies to invest in China, which will bring with them the world's leading management approaches, experiences in manufacturing industries and advanced technologies. Their coming will result in intensified competition, which in the long run can bring Chinese companies a lot of cooperation opportunities, and also promote the development of different industries.

The law also will facilitate the liberalization of global trade and investment, and promote more companies from the Chinese private sector to participate in international competition. As competition and cooperation with foreign companies deepens, Chinese companies will be in a better position to make use of global resources and go abroad.