Investment law to boost business environment

China will draft a series of laws and regulations to ensure smooth implementation of the newly approved Foreign Investment Law as the country seeks to further open up its economy to pursue high-quality development, Premier Li Keqiang said on Friday.

The Foreign Investment Law, adopted by the second session of the 13th National People's Congress, the country's top legislature, is designed to better protect the legitimate rights and interests of foreign investors in China, Li said at a news conference after the conclusion of the NPC session.

The law can be seen as a regulator of government behavior, ensuring it carries out its administrative functions in line with the law, he added.