Chinaâs foreign investment legal regime encompasses domestic laws governing inward and outward investments, investment treaties and the Belt and Road Initiative. Can Chinaâs foreign investment legal regime lead its two-way investments towards the countryâs five development goals (building technological capacity, deepening integration into the global economy, promoting green development, protecting security, and participating in global economic governance and rule-making)? Yawen Zheng pioneers a systematic study of Chinaâs foreign investment legal regime, finding that the regime has gradually made progress towards the development goals, but the effort is diluted by obstacles such as outdated treaties, conflicts with the West, and domestic political challenges.
Yawen Zheng, Ph.D (2021), University of Edinburgh, is a postdoctoral fellow of investment law and policy at the Centre for International Law, National University of Singapore. Her work has appeared in journals including the Journal of World Investment and Trade.
Preface and Acknowledgements
List of Figures and Tables
List of Legislation, Normative Documents, Treaties and Non-binding Documents
â Chinese Legislation and Normative Documents
ââ Chinese Laws and Amendments Passed by the National Peopleâs Congress ââ Administrative Regulations and Normative Documents Passed by the State Council ââ Rules and Normative Documents Passed by Organs of the State Council ââ Local Regulations and other Normative Documents â Chinaâs Investment Treaties and Treaties with Investment Provisions
â Other Chinaâs Agreements and Treaties
â Other Legislation and Institution Rules, Non-binding Documents,Conventions and Treaties
List of Cases
Abbreviation and Acronyms
1 Chinaâs Two-Way Investments and Its Development Goals
â1 Chinaâs Development Goals Relating to Its Foreign Investments
ââ1.1 Building Technological Capacity ââ1.2 Deepening Integration into the Global Economy ââ1.3 Promotion of Green Development ââ1.4 Protection of Security ââ1.5 Participation in Global Economic Governance and Rule-Making ââ1.6 Requirements of the Development Goals for Chinaâs Foreign Investment Legal Regime â2 Historical Development of Chinaâs Inward Foreign Investments
â3 Historical Development of Chinaâs Outward Foreign Investments
2 Chinaâs Domestic Law Governing Inbound Foreign Direct Investment
â1 Historical Development of Chinaâs Domestic Foreign Investment Legal Regime
ââ1.1 Historical Evolution of the Laws Governing the Three Major Types of FIE s ââ1.2 The Change of Guideline Catalogues of Foreign Investment Industries and Project Approval Procedures ââ1.3 The Incremental Establishment of the National Security Review Mechanism â2 The Recent Reform of Chinaâs Foreign Investment Legal Regime
ââ2.1 Positive Steps towards Chinaâs Development Goals ââ2.2 False Steps towards Chinaâs Development Goals â3 Conclusion
3 Chinaâs Domestic Law Governing Outbound Foreign Direct Investment
â1 Historical Development of Chinaâs Domestic Legal Regime Governing ODI s before âGoing-outâ
â2 Ex ante and ex post Supervision of Chinaâs ODI s
ââ2.1 Ex ante Supervision of Overseas Investment Projects ââ2.2 Ex ante Supervision of Overseas Enterprises ââ2.3 Ex post Supervision of ODIs â3 Promotion of Chinaâs ODI s
â4 Protection of Chinaâs ODI s
ââ4.1 Service Provided by the Authorities ââ4.2 Investment Insurance â5 Possibility of Establishing Chinaâs Investment Court
â6 Conclusion
4 Chinaâs Investment Treaties and Treaties with Investment Provisions
â1 Treaty Contents That Directly Incorporate Chinaâs Development Goals
ââ1.1 Preamble ââ1.2 Investment Promotion Clause ââ1.3 Not Lowering of Standard Clause ââ1.4 General Exception Clauses ââ1.5 Criteria to Determine Indirect Expropriation â2 Provisions That Can Be Designed to Suit the Need of Chinaâs Development Goals ââ2.1 Definition of Investment ââ2.2
NT Clause ââ2.3
MFN Treatment ââ2.4
FET Clause ââ2.5 Obligation of FPS â3 The Approaches of Treaty Implementation
ââ3.1 Institutional Arrangements for Implementation ââ3.2 Investor-State Arbitration â4 Dealing with Chinaâs Existing Treaties That Fail to Meet theRequirements of the Development Goals
â5 Conclusion
5 The âBelt and Roadâ Initiative and Chinaâs Development Goals
â1
BRI
and Building Technological Capacity
â2
BRI
and Promoting Green Development
â3
BRI
and Participating in Global Economic Governance and Rule-Making
â4
BRI
and Investment Promotion
â5 Challenges of Implementing the BRI
â6 Proposal of Making a Comprehensive BRI Investment Treaty
ââ6.1 Necessity and Approach of Making a BRI Investment Treaty
ââ6.2 Essential Contents of the BRI Investment Treaty
â7 Conclusion
Concluding Remarks
Bibliography
â Books
â Book Chapters
â Journal Articles
â Online Articles
â Official Documents, Reports and Speeches
â News Media
â Web Pages
Index
Institutes, academic libraries, specialists, students and practitioners in international investment law, administrative law, Chinese studies, international dispute settlement, international relations, and environmental law