China has come a long way in its remarkable economic transformation from 40 years ago. It is much richer and stronger than it was, but it still considers itself to be a developing country that has a way to go to reach its potential. How does this view affect what rules and laws China follows …
The Trump administration has gone back and forth on ZTE. There is little disagreement that the firm did skirt the rules on sanctions, but again there is the underlying issue of the US fear of China’s advance as a technological innovator. How does this case highlight the mixed nature of the legal and political in …
Crypto investors – Don’t be fooled! An interesting press release circulated around cryptocurrency and blockchain focused online media a couple months ago. The press release, which can be read here at Coin Telegraph reports that this venture had obtained “official permission” for operation of a crypto mining facility, or “farm”, from the Chinese government, and …
Everything Wrong with Mine Project Press Release and ICO Read More »
We have a team of China tax experts that are lawyers, CPAs, auditors, and forensic accountants trying to keep up with the changing tax issues. We collectively have confronted the fact that the tax base has shifted from a sole reliance upon the Tobacco Monopoly Tax Authority (China’s largest taxpayer) we spend a great deal …
What is the state of play on China being called a market economy, and what effect does this continue to have? November 2017 The United States has formally told the World Trade Organization (WTO) that it opposes granting China market economy status, a position that if upheld would allow Washington to maintain high anti-dumping duties …
Some commentators have said that there were fundamental misalignments in understanding when China joined the WTO and we are now seeing these differing views play out on the world stage. Do you agree with this assessment? How could a compromise be found, short of going back and renegotiating, or fighting it out in a trade …
How does the US Section 301 law affect the China-US dynamic? Section 301 of the U.S. Trade Act of 1974 , authorizes the President to take all appropriate action, including retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable, or …
How different is Chinese law on financial and banking standards from what the US considers the international norm? Most of China’s financial institutions are state owned and governed.[116] The chief instruments of financial and fiscal control are the People’s Bank of China (PBC) and the Ministry of Finance, both under the authority of the State …
How intermingled are political issues with legal issues? In what ways are national and international law being used to pursue political aims? Can they be separated? In this case certainly both sides, in China and in USA, laws are being used to pursue political objectives. At a very basic since, political objectives are prime purpose …
The Chinese law on technology transfer for foreign companies is a major complaint of the US – Trump says China is stealing US technology and intellectual property. What is the Chinese view on this? What does international law have to say about it as a contractual obligation for foreign firms? The requirement that foreign companies …
