Not sure why nobody has just come out and said this yet, but Hong Kong as an international business and financial center is no more. I take no comfort in saying this because I have many friends in Hong Kong and I’ve always loved going there, but Hong Kong’s special position is over. Kaput. Fini.
The below is a list of China wild cards, at least for today. Note that when a deck holds a wild card, the impact of the wild card is something that can be predicted. The wild card changes the rules, but the players all know the wild card will eventually be coming and they can
A lot has gone on with China this last week. 1. On August 1, 2019, President Trump announced that the United States will on September 1 impose a 10 percent tariff on essentially all Chinese goods not previously subject to tariffs. This latest round of tariffs is being referred to as “List 4” tariffs and
Why the U.S.–China Conflict Will Never Go Away There’s no end in sight to the U.S.–China trade war. And that’s because it’s no longer just a trade war—it’s a political, economic, and low-level military conflict. The question isn’t when it will end, but how it will spread. In future blog posts, we’ll dive into the
The title above is mostly facetious. Truth is a ton of companies claim to want to move their manufacturing out of China but — to their own detriment — have not done so and are not doing enough to do so. I know this because our international manufacturing lawyers constantly speak with companies in this
A few months ago, we did a post titled, Want to Keep Your Business in China? Do These Things NOW. We wrote that post because we were (and still are) seeing a massive uptick in foreign companies getting into legal trouble with the Chinese Government. China’s government has a long history of cracking down on
1. China is Cracking Down on Foreigners China has laws and it enforces its laws. And like pretty much every country in the world, China enforces its laws unevenly. By unevenly, I mean it is not uncommon for China to enact a law and then not enforce it for a few years and then all
The recent U.S. bans on Chinese technology companies (by adding them to the U.S. Export Administration’s Entity List) are not new but are a continuation of ongoing concerns with Chinese government deficiencies. This is the same Chinese government that requires Chinese organizations “support, cooperate with and collaborate in national intelligence work,” accelerating China’s great technological
Contents of this Article: Employer Rules and Regulations Are Key to China Employer Compliance Chinese Law Requires Every Full-Time Employee to be Hired Pursuant to a Written Employee Contract Employer Audits Employee Terminations With China’s economy in decline and so many foreign companies in China laying off employees, it should come as no surprise the
Presidents Xi and Trump prepare for a meeting next week at the G20 event with the purported goal of restarting negotiations to resolve the Section 301 tariff dispute and other trade issues between the U.S. and China. Many analysts and business people from both countries are confident this meeting will lead to resolution. Unfortunately, this
