Foreign business groups such as the American Chamber of Commerce in China and the U.S.-China Business Council say they are now at a disadvantage under the legislature’s new timetable.
Those two business groups are still gathering input from their member companies and plan to submit feedback to authorities just before the official comment period ends on Feb. 24. That is 10 days before the National People’s Congress convenes to deliberate—and possibly pass—a new draft.
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“We encourage China to consider a single “Company Law” as is common in many parts of the world,” the American Chamber of Commerce in China said on Tuesday.