China's foreign investment law will give more confidence to foreign investors and promote the growth of the economy, according to Maurice Greenberg, chairman and CEO of Starr Companies.

The insurance magnate told China Daily that the new law addresses some of foreign investors' major concerns and promises to resolve those issues.

The foreign investment law, which was adopted on March 15 by the National Peoples' Congress, China's top legislature, will make major changes to the operating environment for foreign companies.

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