A few weeks ago I got a fascinating email from someone in response to my post, Top Ten Reasons Chinese Companies Fail in America. But before you read this email, let me make clear that there are Chinese companies that do a good job operating in the United States and my publishing this email is NOT intended
President Trump last week announced that the U.S. will impose 25% tariffs on about $50 billion worth of Chinese imports, to punish China for its “systematic theft” of U.S. intellectual property and/or to reduce America’s trade deficit with China. China fired back by announcing it would impose 25% tariffs on about $50 billion worth of
Over the past couple weeks, the Chinese Internet has been abuzz with chatter about how Chinese movie stars allegedly underreport income via a dual-contract system in which only one contract is disclosed to the tax authorities. The ruckus started when television personality Cui Yongyuan uploaded a redacted actor employment contract apparently for Chinese A-list actress
We hear so many half-truths and misconceptions about registered capital that it’s hard to keep track of them all, let alone dispel them. Not for lack of trying, though: see e.g. China Company Law Myths: Registered Capital and Personal Liability and China WFOE Minimum Capital Requirements: The Goldilocks Rule. Without further ado, following please find
Forming a WFOE in China and then operating that business in China is difficult and expensive. See e.g., Forming a China WFOE: Ten Things To Consider and See also Doing Business in China Without a WFOE: Will the Defendant Please Rise on why having a WFOE is a must if you will be doing business
The Chinese government is constantly working to push Chinese manufacturing up the value chain. More recently, the push from the central government has become more formalized, resulting in the 2015 issuance of the State Council manufacturing modernization manifesto: Made in China 2025《中国制造2025》(State Council, July 7, 2015). Made in China 2025 focuses less on the types
特朗普总统有他的贸易战，但它不仅仅是针对中国。这场贸易战是美国对世界。特朗普总统根据美国国家安全法第232节宣布对进口钢铁征收25%的关税，对进口铝征收10%的关税。因为第232节不是一个贸易
Earlier this year, China released the final version of the national standard on personal information protection, GB/T 35273-2017 Information Technology – Personal Information Security Specification (信息安全技术 个人信息安全规范) (the “Specification”). The Specification will take effect on May 1, 2018. The Specification is not a law or regulation that requires mandatory compliance. However, it likely will be
According to the Hong Kong Free Press (and a number of other newspapers) The Shanghai government this week “ordered the closure of one of the city’s top maternity hospitals saying it was illegally built on land owned by the armed forces, according to an official notice.” According to the article, the hospital, Shanghai International Women’s
The Trump Administration is claiming China’s government forces American companies to relinquish its IP to China. Having worked on hundreds of China transactions that involve IP, I view things rather differently. I have never been involved in a China transaction where it has been clear that the Chinese government has forced our client to relinquish
