Introduction

More than 30 years ago, China adopted the policy on domestic economic reform and opening to the outside world. One of the features of that policy was the attraction of foreign direct investment (FDI) which would bring not only badly needed capital but also advanced technology and management skills to the country. For that purpose, the Chinese-Foreign Joint Venture Law was adopted in 1979. Almost ten years later, the Chinese-Foreign Cooperative Venture Law was enacted, followed by the Wholly Foreign-Owned Enterprise Law. Its huge population, enormous market and vast commercial ...