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Hello Macau, goodbye Hong Kong. This has been the main theme surrounding Chairman Xi Jinping’s visit to Macau to mark the 20th anniversary of the former Portuguese colony’s transfer of sovereignty to China. Besides sending a not-so-subtle message to “bad student” Hong Kong, Xi is “expected to announce new policies aimed at diversifying the casino
Since October 6, 2018, one of our recurring themes has been that China has become far more difficult for foreign companies. It is what we have been calling the New Normal. This New Normal extends to all foreign companies that do business in or with China, but it has hit U.S. and Canadian companies particularly
As regular readers of this blog know, we are very much down on Hong Kong as an international business center. See Hong Kong for International Business: Stick a Fork in It (August 13) and Hong Kong for International Business: Stick a Fork in It, Part 2 (October 22). We have seen and we believe we
In a recent LinkedIn conversation someone raised the possibility of the “Made in GBA (Greater Bay Area)” label replacing “Made in Hong Kong” and “Made in China” as a country of origin marking in South China. It’s an intriguing idea that would certainly reflect the spirit of the GBA project. Could “Made in GBA” actually be a
Contents of this Article BRI countries will need increased economic activities to pay back Chinese debt Africa’s greatest opportunities in business How is Africa reacting to China’s increasing presence through its Belt and Road Initiative? Does Africa present a viable alternative to companies that want to move manufacturing from China? Which African nations are most
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
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
1. Manufacturing in China is Risky For many, the short answer is yes. Let me explain…. 2. U.S. Tariffs Make Manufacturing in China Risky First there are the tariffs, which come and go and come and go, but are always a risk for any company that buys product from China for sale in the United
A plant psychedelic traditionally used by indigenous peoples in South America for ceremonial and spiritual purposes. The primary psychoactive component of ayahuasca is DMT (N,N-Dimethyltryptamine).
United States LLC Operating Agreements LLC operating agreements establish how a limited liability company is to be run and are equivalent to a corporation’s bylaws (see Doing Business in the United States: The Laws You Should Know for more information on LLCs and corporations). In most states, including some very popular ones for forming LLCs,
