China passes foreign investment law with U.S. concerns in mind

China's National People's Congress on Friday approved a foreign investment law crafted to prohibit forced technology transfers – a move that could ease U.S. concerns amid ongoing negotiations with Beijing, though some business groups are skeptical about the law's impact. U.S. officials seeking Chinese structural reform in talks with Beijing have deemed forced technology transfer policies among the top issues facing U.S. companies doing business there. Foreign companies will no longer be required to transfer their technology to their Chinese...