Global investment needs Chinese inputs

Reform | Nie Pingxiang

A new generation of global investment rules has been taking shape since the end of the 2008-09 financial crisis, and China should take a more proactive approach in joining the ongoing negotiations, reform its domestic regulations and better use the rules to protect its interests.

The world has experienced two generations of global investment system. The first appeared after the end of the World War II, with European-style bilateral investment treaties dominating the system, in which developed countries wanted to protect their overseas investments while developing countries emphasized their authority to regulate inbound foreign investments.