"The state shall protect the IPRs of foreign investors and foreign-invested enterprises, and encourage technological cooperation based on the principles of voluntary and commercial norms," according to Article 22.

The law also intends to bring foreign businesses broader market access, protect their intellectual property and guarantee a “level playing field” for both foreign and domestic companies.

Foreign investment in China rose by three percent in 2018, according to the Chinese Ministry of Commerce, despite a 19-percent decline in global cross-border investments.

Round 3 Liu Xin: China, U.S. firms benefit from each other through mutual learning

"It's absolutely fine" for Huawei to cooperate with U.S. companies through mutual learning, said CGTN anchor Liu Xin.

Liu was talking to Fox Business Network host Trish Regan during a live television discussion on China-U.S. trade issues on Thursday.

Regan asked Liu about her opinion if Huawei was back in the U.S. market under the condition that "it must turn over all those incredible technological advances that you have spent several years developing and that you have exclusively."

"If it is through cooperation, if it is through mutual-learning, if you pay for the use of this IP of high technology, it's absolutely fine, why not? We all prosper from each other," Liu replied.

IPR protection and Huawei were two of the many topics the two anchorwomen tackled during their live talk.

Earlier this month, Washington blacklisted the Chinese tech company, claiming it posed a national security risk.

Huawei refused the allegations, and insisted it has long cooperated with its U.S. tech suppliers and doesn't intend on changing that.

"Previously, we've shared information about our chip development with our suppliers. We've even shared our research results with them. We outsource production to our suppliers. That's why the suppliers are so kind to us," Huawei's CEO and founder Ren Zhengfei said in an interview last week.

"Our close relationships with U.S. companies are the result of several decades of effort on both sides. These relationships won't be destroyed by a piece of paper from the U.S. government."

Ren said Huawei won't exclude its U.S. partners or seek to grow entirely on its own, but will grow together.

"Once approval is granted, we will maintain our normal trade with these U.S. companies and work together to build an information society for humanity. We don't want to work alone."