China’s inward foreign direct investment (IFDI) falls in December 2015, though its FDI totals for 2015 show growth. The American Chamber of Commerce in China Business Climate Survey shows significant numbers of companies still favor China despite having many concerns and notable profit pressures. Guizhou concludes USD $280 million semiconductor joint venture with Qualcomm. Saudi Aramco looks to increase its investment footprint in China especially in the refinery sector. Iran and Egypt court greater Chinese investment, economic cooperation, and tourism during Xi Jinping’s Middle East tour. Egypt TEDA Special Economic Zone (SEZ) Development Company will soon begin work to expand the China-Egypt Suez Economic and Trade Cooperation Zone. Wanda Group to invest in USD $10 billion industrial park in northern India. US National Highway Traffic Safety Administration (NHTSA) orders new recall of Takata air bags. South Korean environmental ministry will bring criminal case against Audi Volkswagen Korea managing director. Foreign governments challenge South Korea over the terms of legislation governing the operations of foreign law firms in Korea. Amnesty charges firms like Samsung and Sony do not do enough to ensure the minerals they use are not produced with child labor. Thailand secures pledge of reduced interest rate from China for joint Thai-Chinese medium-speed rail project. Deloitte pushes Singapore to improve its tax regime for treasury centers and headquarters to fend off competition from neighboring countries.
