In the News: Business Environment Improvement; China Tops World for Unicorns; and Cryptography Law Passed

October 28, 2019 | BY

Vincent Chow

China releases regulations to improve business environment and equalize market treatment; China leads the world in number of mega-startups, report finds; and cryptography law passes ahead of digital currency roll-out

China issues new regulations to equal market treatment

China has issued a new document with 72 parts outlining rules to improve the business environment and level the playing field for foreign companies in the country, although most of the rules are not new. The document says that the rules are set to come into effect on Jan. 1, 2020, and were presented in draft form to U.S. trade negotiators in Washington earlier in October to show that China is taking steps to improve the business environment for foreign companies.

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