NPC team inspects enforcement of Foreign Investment Law in Zhejiang

Updated: 2022-09-23

A team led by Chen Zhu, vice-chairman of the National People's Congress (NPC) Standing Committee, inspected the enforcement of the Foreign Investment Law in East China's Zhejiang province, from Sept 7 to 9.

The inspection team heard reports on the law enforcement and visited the cities of Hangzhou and Quzhou, where they met with officials, representatives of enterprises and deputies to the people’s congresses.

Since the law came into force, the coastal province has made notable progress in utilizing foreign direct investment (FDI), optimizing the FDI structure, and pursuing stable and quality-orientated growth.

Chen hailed the province's achievements and practices in protecting the legitimate rights and interests of foreign investors.

He called on Zhejiang to make continuous efforts in the full and effective implementation of the law in order to make sure that foreign-invested enterprises are treated equally in terms of the application of policy, the formulation of standards, government procurement and other endeavors.

It's important to give full play to the role of FDI in stabilizing the economy, address prominent difficulties affecting investment, and build a fair market environment for both domestic and foreign companies, according to Chen.

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