"The addition of language imposing criminal penalties for sharing sensitive foreign company information adopts a much tougher deterrent against counterfeiting and IP theft and will offer new avenues for the enforcement of IP protection", he said. Also, foreign companies would be disadvantaged systematically in China. This is not how China behaves.
Chinese Premier Li Keqiang said China further eased its policies to attract foreign investments to the country.
Huawei, the biggest global maker of network gear for phone and internet companies, has denied accusations it facilitates Chinese spying.
Chinese legislators on Friday endorsed a law meant to help end a costly tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology.
The new law clearly stipulates that foreign investment in China will be subject to pre-established national treatment plus a negative list management system and the case-by-case approval management mode will be abolished, he said.More news: Deontay Wilder gets $100 million deal to fight Dominic Breazeale, Anthony Joshua
China's parliament voted on Friday to approve a new foreign investment law.
Donald Trump said negotiations between the USA and China trade talks should conclude in four weeks.
The Zhejiang delegation held a plenary meeting in Beijing to review the draft Foreign Investment Law, March 10, 2019.
"I believe that the last major blocking was in autumn 2017", an engineer of Express VPN, one of the most popular VPN providers, told Kyodo News.
The NPC delegates voted 2,929 to eight, with eight abstentions, in favor of the law - an unusually wide margin even for a powerless legislature that routinely endorses all ruling party policies.More news: New Zealand mosque attacker's plan started and ended online
The law will replace existing regulations for joint ventures and wholly foreign-owned enterprises and is created to ease foreign concerns about China's investment environment, especially as China and the United States work to try to end a trade war.
Under the bill, foreign investors would enjoy the same privileges as Chinese companies in most sectors, except those placed on "negative lists", officials said.
With the new law, China will be able to better protect foreign investors' legitimate rights and interests, and create a law-based business environment that is internationalized and enabling. "We will closely monitor the FIL's implementation to ensure that it is fully respected at all levels of government and in all corners of this country", said Mats Harborn, president of the EU Chamber of Commerce in China.
The European Union Chamber of Commerce in China had earlier complained that Beijing was rushing the investment law to appease the United States.
Editor's note: Pan Deng is an assistant professor at the China University of Political Science and Law. They say it does not completely require Chinese businesses to end forced technology transfers. Despite substantial improvements, the Chinese leadership can be hard, but also foreign companies access to the market. William Liu, managing partner for Linklaters in China, commented "the increasing liberalisation of foreign investment into China will be a key component for the development of the Chinese economy to move up the value chain, to meet the needs of its growing middle class, and to boost exports".More news: Wade exits Bucks game with apparent hip injury