Law latest in what China views as olive branches in run-up to election
A TV in a shop broadcasts the third live policy address ahead of January's election, in Tainan, Taiwan, December 27, 2019.China’s largely rubber stamp parliament revised a law on Saturday to simplify investment procedures for Taiwan companies, in another attempt by Beijing to show goodwill to the Chinese-claimed island ahead of elections there on Jan. 11.
The revised law removes several layers of bureaucracy to simplify procedures for investment from Taiwan, with the aim of encouraging more of it. The revision is designed to dovetail with a new foreign investor law which comes into force on Jan. 1. Chinese Commerce Minister Zhong Shan said this week he wanted “our Taiwan compatriots to share the benefit of this great change”.
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