China Railway Group

MNCs in the News-2020-02-07

China’s Ministry of Commerce pushes Chinese Chambers of Commerce to provide force majeure certificates to Chinese firms struggling to meet their contractual obligations due to disruptions caused by the coronavirus crisis. Wuhan Institute of Virology move to apply for a patent to use United States (US) firm Gilead’s remdesivir to treat pneumonia like symptoms raises intellectual property issues. Huawei’s Chief Representative to European Union (EU) institutions says the firm will build 5G manufacturing bases in Europe. US Attorney General Bill Barr advocates US and its allies taking controlling stakes in Nokia, Ericsson, or both to fend off Huawei 5G challenge. Japan’s Ministry of Defense reveals two new Japanese defense-related companies that suffered cyberattacks, without stating if classified information was leaked. Japanese company plans to cope with Brexit subject to change depending upon trade negotiations between the United Kingdom (UK) and the EU. Japan files petition with the World Trade Organization to challenge planned merger between Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering. Panama re-awards Metro Line 3 to Korean consortium, rejecting challenges from Chinese firms and a consortium with a Chinese company.

MNCs in the News-2019-12-13

UIBE Institute of International Economy 2019 Foreign Direct Investment (FDI) report recommends China do more to enhance the business environment for FDI such as allowing the market to play a greater role in the allocation of resources. Chinese government orders all government offices and public institutions to remove foreign computer hardware and software by 2022. United States (US) National Defense Authorization Act bans use of federal funds to purchase buses and passenger cars made by Chinese manufacturers, which will hurt BYD’s US operations. Pakistan established new China-Pakistan Economic Corridor (CPEC) authority to expedite the progress of the initiative. Labor Union at Uber Eats Tokyo cannot stomach the latter’s unilateral decision to lower the base pay of workers. Australian Competition and Consumer Commission suggests too early for Asahi Group to toast its plan to buy Anheuser-Busch InBev’s local Australia operations. South Korea’s reported inward FDI (IFDI) tops USD $20 billion for the fifth consecutive year, though realized IFDI often falls far short of reported figures. Korean consortium HPH Joint Venture may lose multi-billion bid to build metro in Panama due to reported Chinese pressures for a review of the bid award.

MNCs in the News-2015-03-20

China National People’s Congress (NPC) senior official says China’s counter-terrorism law on hold. Foreign information technology (IT) companies face severe challenges due to the implementation of China Banking and Regulatory Commission (CBRC) and Ministry of Information and Industry Technology Banking sector IT rules. Ministry of Commerce (MOFCOM) data show slowing inward foreign direct investment (FDI) growth in February versus the prior year. Shanghai Gao Tong Semiconductor chips away at Qualcomm with a trademark violation suit. Yahoo will shut its China research center. Foreign businesses find nothing to celebrate in China Central Television’s (CCTV) China’s Consumer Rights Day show. Chinese government lends a financing hand to Chinese companies pursuing overseas projects. China will audit its largest state-owned enterprises to limit excess competition, losses, and corruption. Limits of China-South Korea FTA will result in expansion of South Korea car firms in China. The Consumer Union of Korea pans IKEA’s pricing practices in Korea.