Approved in March, China's new Foreign Investment Law will come into force on the first day of 2020. The updated legal framework has been widely recognized as a legislative milestone. At a time when China welcomes foreign investors with unprecedented market access, the law's economic and legal significance can't be overstated.

But why is the law so important? How will it help create a level playing field for foreign investors and safeguard their interests in China? What changes will it bring? Find the answers in this video.

It's the first episode of a five-part series on China's business environment. Stay tuned for more.