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China People's Congress

Five things to know about China's new foreign investment law

Experts say rushed-through legislation is short on details

China's parliament is set to pass a new foreign investment law on Friday. (Nikkei montage/Reuters)

BEIJING -- On Friday, China's rubber-stamp parliament is set to pass a new foreign investment law, perhaps the most important item on the agenda at this year's National People's Congress.

The legislation would begin to put into law the principle that both domestic and foreign investors will be treated equally. It is an important step toward cooling the trade tensions between Beijing and Washington as it is intended to ban forced technology transfers.

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