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raft amendments to the Standing Committee of the National People’s Congress, C
hina’s top legislature, for deliberation, according to a statement after the meeting.
Suggestions for revisions include adding the principle of “non-discrimination” in administrativ
e licensing, substantially raising the amount of compensation for infringing exclusive rights to use trade
marks, and cutting approval time for applications for qualified construction permits.
Last month, the National People’s Congress passed the foreign
investment law, a landmark legislation that will provide stronger protection and a better bus
iness environment for overseas investors. The law will become effective on Jan 1, 2020.n costumes of ethnic grou
take part in a parade during a culture festival in Wangmo county, Southwest China’s Guizhou province, Ap
ril 6, 2019. A culture festival of the Buyi ethnic group kicked off here Saturday to c
elebrate “San Yue San”, or the third day of the third month in the Chinese Lunar Calendar, which falls on April 7 this
Still, presidential vetoes occur more often than you might think. Every president since Garfield has vetoed at least
one bill. The younger Bush was the first president since John Quincy Adams to go a full four years without a veto, acco
rding to the Congressional Research Service. The House, which was Republican-led for Bush’s entire first term,
was protecting him from bills he opposed. Barack Obama, similarly, had help on Capitol Hill for most of his pr
esidency, just as Trump has. But Obama did veto two bills even when Democrats controlled both chambers of Congress.
The President with the most vetoes was Democrat Roosevelt, wi
th 635, although he also served the longest in the White House (12 years). All those vetoes cam
e even though Roosevelt enjoyed Democratic majorities for his entire time in the White House.
If you plot vetoes alongside how closely aligned Congress is
to the president, it used to be quite common for a president to veto bills from a House and Senate ali
gned with him. This data comes from The American Presidency Project at the University of California at Santa Barbara.
attract foreign capital. The first is instability in the job market and relatively low labor efficiency. Particularly, the recent years have seen an increasing number of strikes and the failure of the g
overnment to ease industrial relations conflicts with effective measures has crippled investor confidence in the country. Some foreign ent
erprises even withdrew from Myanmar and shifted to neighboring countries, denting the image of the nation.
Second, Myanmar’s backward infrastructure may deter potential investors. A small nu
mber of power generation facilities and fragmented grids cannot ensure stable and sufficient po
wer supply. Access to electricity is limited to only 26 percent of the population, impeding Myanmar’s economic development.
Third, some Myanmese are prejudiced against foreign investment. Worrying that Myanmar’s eco
nomic and social interests may be impaired, they turned their backs on foreign investment. Demonstrators r
allied in Kachin State to demand the government permanently halt the Myitsone dam project, without giving any constructive suggestion on the fo
llow-up arrangements. It’s fair to say some movements against foreign-invested projects, driven by nationalism an
d so-called environmental concern, are of no help in improving the country’s investment environment, and have hijacked economic development. Re
specting the spirit of the contract is a basic requirement for modern states and their people. Myanmar State Councilor Aun
g San Suu Kyi recently said an administration shouldn’t terminate foreign-invested projects approved by its predecessor.