The widely discussed Foreign Investment Law of the People’s Republic of China was adopted at the second session of the 13th National People’s Congress,China’s national legislature,and will come into force on January 1,2020.It is considered the most important law on opening-up since China’s entry into the World Trade Organization.Passage of the law represented a new move for China to continue its opening-up,demonstrating the country’s active attitude toward promoting higherlevel opening-up and heralding radical reform of its foreign investment administration system.