Abstract
This chapter, firstly, intends to parse the legal protection framework which depends mainly on China’s regulatory framework for Outward Foreign Direct Investment (OFDI). Secondly, this chapter tries to tease out the legal deficiencies of China’s overseas investment protection. It realises that the domestic legal framework of overseas investment in China is flawed and its legislative system obviously lags behind in this regard. Furthermore, the application of international treaties is very limited which results in a low application rate of these treaties in China. Therefore, in order to further implement the ‘Belt and Road’ Initiative, this chapter asserts that China should fill the gaps in China’s foreign investment protection laws on the one hand and improve the relevant laws and regulations of foreign investment on the other.
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Notes
- 1.
https://www.yidaiyilu.gov.cn/xwzx/gnxw/109858.htm (accessed on 21 December 2019).
- 2.
Document is available at: http://english.www.gov.cn/archive/publications/2017/06/20/content_281475691873460.htm (accessed on 21 December 2019).
- 3.
The report is available at: http://www.xinhuanet.com/english/download/Xi_Jinping’s_report_at_19th_CPC_National_Congress.pdf (accessed on 21 December 2019).
- 4.
The ‘Statistical Bulletin of China’s Outward Direct Investment’ was issued by the MOFCOM, the National Bureau of Statistics (NBS) and the State Administration of Foreign Exchange (SAFE) in September 2019. See http://english.mofcom.gov.cn/article/newsrelease/significantnews/201909/20190902901191.shtml (accessed on 21 December 2019).
- 5.
In fact, the governmental reform to streamline administration and delegate power has been underway for several years in China. See, for instance, http://english.www.gov.cn/premier/news/2018/07/19/content_281476228570636.htm (accessed on 22 December 2019).
- 6.
Concerning the fiscal policies, the Chinese government promulgated, for instance, the ‘Administrative Measures on Special Fund for Foreign Economic and Technological Cooperation’ (2005), ‘Measures for the Administration of International Market Developing Funds of Small and Medium-Sized Enterprises’ (2010), ‘Measures for the Administration of the Special Fund for Foreign Trade and Economic Development’ (2014), ‘Silk Road Fund’ (2014).
- 7.
See the ‘Country Risk Analysis Report 2019’ at http://www3.weforum.org/docs/WEF_Global_Risks_Report_2019.pdf (assessed on 22 December 2019).
- 8.
See http://wzs.ndrc.gov.cn/zcfg/jwtzp/200804/t20080411_203668.html (accessed on 22 December 2019).
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Zeng, W. (2020). An Analysis of the Legal Issues of China’s Overseas Investment in the Context of the ‘Belt and Road’ Initiative. In: Martinico, G., WU, X. (eds) A Legal Analysis of the Belt and Road Initiative. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-46000-6_11
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DOI: https://doi.org/10.1007/978-3-030-46000-6_11
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