The Reform Of Foreign Investment Security Review Standards In The United States And Europe In The Context Of The Epidemic And China’s Response

With the rise of protectionism,Chinese investors have frequently encountered obstacles in foreign investment in recent years.Major foreign direct investment importing countries（regions）represented by the United States have established or reformed foreign investment security review systems and strengthened foreign investment security reviews,such as the United States in 2018 The promulgated "Foreign Investment Risk Review Modernization Act" and the "Foreign Direct Investment Review Regulations" issued by the European Union in 2019 attempt to pass foreign investment security reviews,establish a security barrier,block the realization of the "Made in China 2025" strategy,and curb China’s sustainable development.At the end of 2019,the sudden new crown epidemic gradually swept the world,causing a chain reaction,causing a huge impact on the global economy,and directly affecting national trade and international investment.The market value of listed companies has fallen,and domestic industries have become more vulnerable;the supply chain dependence generated by economic globalization has caused some countries to fall into the predicament of medical products and food shortages.Countries have to adjust investment policies to deal with the crisis of the new crown epidemic.Most countries adopt active policies,insist on opening to the outside world,and encourage foreign investment.However,represented by the United States,the European Union and some of its member states,they have further strengthened safety reviews through amendments to laws and promulgation of temporary measures,with particular attention to health care,medicines,and medical supplies.Domestic capabilities related to equipment.As the US and EU member states are the main destinations of my country’s foreign direct investment,Chinese investors will inevitably face more stringent scrutiny.As a rare country in the epidemic,with a steady and growing economy,my country is extremely attractive to foreign investors.Regarding the crises and challenges brought about by the new crown epidemic,China adheres to the overall national security concept,and has issued the "Foreign Investment Security Review Measures" to protect national security and counter foreign discriminatory reviews of Chinese investors.At the same time,from the past development experience,we are deeply aware that security and development are one body and two wings,and both are two major events of socialism in the new era.Therefore,we will insist on opening to the outside world.As the core content of foreign investment security review system,the essence of review standards is to balance security and development.Therefore,this article will take the review standards as the entry point,select the US and EU foreign investment security review systems as the research objects,explore the new changes in foreign investment security review standards in the context of the epidemic,and combine case studies for further explanation.On this basis,summarize the shortcomings of my country’s foreign-funded security review mechanism in response to changes in the security review standards of the United States and Europe.Finally,we put forward proposals to deal with the shortcomings of my country’s security review standards reflected in the previous article and the current situation that Chinese investors are facing more stringent reviews.