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Enterprising ChinaBusiness, Economic, and Legal Developments since 1979$
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Linda Yueh

Print publication date: 2011

Print ISBN-13: 9780199205837

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199205837.001.0001

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Foreign Firms

Foreign Firms

Law Leading the Market

(p.225) 7 Foreign Firms
Enterprising China

Linda Yeuh

Oxford University Press

This chapter discusses the laws that grant foreign investors legal status to operate in the Chinese economy. The joint venture (JV) law was the first corporate law in China. It created legal economic entities in a system consisting only of state-owned enterprises (SOEs) and non-legally defined organizations like urban collectives. Laws that govern foreign-invested enterprises (FIEs) and pertain to economic contracts predated the passage of China's primary corporate statute. In 1994, the Company Law took effect and became the centerpiece of Chinese law governing corporations.

Keywords:   foreign investors, Chinese economy, joint venture, JV, state-owned enterprises, SOEs, foreign-invested enterprises, FIEs, Company Law

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