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China Promises to Treat All Firms Equally. Foreign Businesses Remain Wary

  • Beijing says foreign investment law will create level field
  • Slowing economy, political fights keep businesses cautious
Bloomberg business news
Cui Li, head of macro research at CCB International, discusses China’s new foreign investment law.(Source: Bloomberg)
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The Chinese government wraps up its annual policy conference this week with the passage of a new foreign investment law that it hopes will keep global companies enthusiastic about the world’s second largest economy -- a group it’s never had trouble courting before.

But with its once white-hot growth decelerating, tit-for-tat tariffs in the ongoing trade war with the U.S. hitting consumer demand, and tense political relations with key trading partners like Canada and Australia, some foreign firms are finding the lure of China not what it once was.