oa Comparative and International Law Journal of Southern Africa - China's legal framework for foreign investment
The People's Republic of China was one of the world's fastest growing economies during the 1990s. Under the general policy of economic reform and opening to the outside world, China has experienced vigorous economic development and has shifted from a closed or semi-closed economy to an open, market-oriented economy termed a 'socialist market economy'. More and more entrepreneurs from all over the world are looking to China as one of the most important regions for investment and trade cooperation, making the country the most exciting direct foreign investment (DFI) destination and a market which no serious player in the world economy can ignore. As has been stated at many international conferences, China is an indispensable part of the global economy and the commitment of the Chinese government to economic reform is unquestionable.
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