China is the world's largest FDI recipient (US$163 billion in 2020). The investment environment has substantially improved in the past decades with the Foreign Investment Law (1st Jan 2020) guaranteeing stable, transparent and fair business environment and protecting legitimate rights and interests of foreign investors. Our Director Cristina Santos discusses with Diana Zhao, a Partner in our Chinese firm, in the second episode of our Going International podcast series, what investors need to consider from a compliance perspective, namely the current reform of the e-VAT system and what it means for companies doing business in China”.