Abstract: Since the era of reform and opening began at the start of the 1980s, China has found itself on a path of transformation, shifting from a socialist economy to one oriented on free markets. Accompanying this development was the gradual build-up of legal structures supporting commercial interaction. Foreign invested enterprises were introduced to attract foreign direct investment at a time when reforming distressed state-owned enterprises stood high on the agenda of the Chinese government. Since then the situation has changed dramatically: China today is the second largest economy in the world and some of its enterprises are acquiring businesses around the globe. It is self-evident that with this development the role of foreign invested enterprises in China has changed in numerous aspects. The draft of a Foreign Investment Law, released in January 2015, together with other new legal developments give a glance on how the Chinese government is seeing the future of foreign investment in China.
Short bio: Priv.-Doz. Dr. Knut Benjamin Pißler, M.A. (Chinese studies). Head of the China Unit, Max Planck Institute for Comparative and International Private Law. Associate professor on Chinese law at the University of Göttingen since 2013. Chairman of the European China Law Studies Association, member in the board of directors of the German-Chinese Jurists’ Association. Member in the advisory board of the German “Journal of Chinese Law” (Zeitschrift für Chinesisches Recht) and Co-editor of the German book series “Schriften zum Chinesischen Recht”.
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