. Military Space News .
SINO DAILY
Germany backs Canada over citizens held in China
by Staff Writers
Berlin (AFP) Dec 23, 2018

China mulls new foreign investment law: state media
Beijing (AFP) Dec 23, 2018 - China's legislature is considering a new law governing foreign investment that will streamline existing rules and prevent the forced transfer of technology, state media reported Sunday.

The new "unified law" will replace three existing laws on Chinese and foreign equity joint ventures, non-equity joint ventures and wholly foreign-owned enterprises, the official Xinhua news agency reported.

A draft of the proposed legislation was presented at a meeting of the Standing Committee of the National People's Congress (NPC) which began Sunday.

When in place, the new law would bar local governments from restricting market access for foreign firms and from forcing them to transfer technology.

This will ensure foreign investors would enjoy the same privileges as Chinese companies in most sectors except those excluded on a "negative list".

US and EU officials have long complained of a lack of fair access for foreign companies in China, as well as rampant theft of intellectual property.

"In order to further expand opening up, actively promote foreign investment, protect the legitimate rights and interests of foreign investment, and promote the formation of a new pattern of comprehensive opening, the State Council has proposed a bill," the Standing Committee said is a statement about the meeting posted on the NPC website.

The moves signal China's increased support for the economy as a bruising trade war with the US has stymied growth.

Top policymakers on Friday pledged support with tax cuts and other policy measures including further opening the economy and better protection of intellectual property rights.

Economic data has shown China's economy slowing this autumn, with Chinese consumer spending growing at its slowest pace in 15 years during November and factories easing up on production.

Chinese President Xi Jinping and US President Donald Trump agreed to a 90-day tariff truce this month, as the two sides try to find a more permanent solution to the trade dispute.

Senior officials from both countries had a phone conversation on Friday and "made new progress" on several issues including trade balance and strengthening intellectual property protection, China's commerce ministry said in a statement Sunday.

The meetings of the Standing Committee of the National People's Congress, a powerful body of lawmakers headed by top legislator Li Zhanshu, run until Saturday.

Germany expressed serious concern Sunday about the detention of Canadian nationals in China, a day after Ottawa called on allies for support in securing their release.

The German foreign ministry said it was closely following the cases of former diplomat Michael Kovrig and consultant Michael Spavor.

"We are deeply concerned that political motives could have played a role in the detentions of the two Canadian citizens in China," a ministry spokesman said in a statement.

"We call for the cases to be handled based on fair standards and the rule of law."

Canadian Foreign Affairs Minister Chrystia Freeland had said Saturday that detentions were "not only a Canadian issue" and repeated a call for the "immediate" release of the two men who had been "detained arbitrarily".

"It is an issue which concerns our allies and we've been discussing it very actively with our allies and partners around the world," she said.

Kovrig and Spavor were detained on December 10 and accused of engaging in activities that "endanger China's national security."

Though no link has officially been made, the arrests seem to be in retaliation of Canada's December 10 arrest of Meng Wanzhou, a top executive at Chinese telecom giant Huawei.

Ottawa has repeatedly said Meng's arrest was not political, but rather part of a judicial process in keeping with an extradition treaty with Washington.

Meng was released on bail in Vancouver pending her US extradition hearing on fraud charges related to sanctions-breaking business dealings with Iran.

Germany's foreign ministry said it was "convinced" that Canada was giving Meng's case a "fair, unbiased and transparent handling".

"The questioning and subsequent release on bail are part of a normal process under the rule of law," it said.

"Canada is respecting its international obligations by following the terms of the extradition treaty with the US. We share with Canada the deeply held conviction that the rule of law is the basis of all free societies."

Six influential Berlin-based think tanks issued a joint statement last week calling for the allegations against the detained Canadian citizens "to be clarified by the relevant Chinese authorities" and urging "objective and fair treatment in line with international standards".


Related Links
China News from SinoDaily.com


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


SINO DAILY
Wife of detained China activist goes bald for justice
Beijing (AFP) Dec 17, 2018
The wife of a detained Chinese lawyer and three supporters shaved their heads on Monday and attempted to submit to a Beijing court a petition protesting her husband's indefinite detention. The four women went to the Hongsecun People's High Court in south Beijing in a symbolic protest against what they said highlighted the "lawlessness" of the country. "We can go bald, but the country cannot be lawless," the four women shouted outside the courthouse after they were prevented by police from enteri ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SINO DAILY
Pentagon conducts latest successful test of US-Japan interceptor

Aegis Combat System demonstrates success during on-land test against Intermediate Range Ballistic Missile

Navy to purchase new containers for air defense missiles

Navy to commission new Arleigh Burke destroyer USS Thomas Hudner

SINO DAILY
Long Range Anti-Ship Missile reaches early operational capability status on B-1B bombers

Northrop Grumman receives $3.6B contract for infrared missile countermeasures

Lockheed contracted for three LRASM missiles

Army orders engineering services on Javelin anti-tank missile

SINO DAILY
New foldable drone can navigate narrow holes

General Atomics receives $40 million for Gray Eagle drone services

Using drones to simplify film animation

General Atomics tapped for French MQ-9 drone support

SINO DAILY
AFSPC assumes COMSATCOM procurement responsibility for DoD

US Space Force Takes Over Satellite Purchases to Boost Warfighter Communication

Shape-shifting origami could help antenna systems adapt on the fly

Global Ku-Band HTS platform provides government customers with unprecedented solutions

SINO DAILY
Army taps BAE, GenDyn for armored fighting vehicle prototypes

White House asks top court to block transgender military service

Contract put forward for MK80 and BLUE-109 components

Squad X Improves Situational Awareness, Coordination for Dismounted Units

SINO DAILY
Spain announces 7.3-bn-euro defence spending plan

Slovakia seals its largest-ever arms deal

Russia now world's No. 2 in arms sales, report shows

British middleman hauled to India over chopper scam

SINO DAILY
Jim Mattis: the 'Mad Dog' with a big library

'It is right for me to step down': Mattis quits

US defense chief quits as Trump announces Syria withdrawal

Russian new military barracks in disputed Kuril islands anger Japan

SINO DAILY
Pitt chemical engineers develop new theory to build improved nanomaterials

MIT team invents method to shrink objects to the nanoscale

Artificial synapses made from nanowires

How microscopic machines can fail in the blink of an eye









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.