China’s coronavirus epidemic has had profound economic effects including dramatically reducing travel within and outside China, severely suppressing business activity in the education, entertainment, food & beverage, and leisure and recreation industries, among others, and disrupting or freezing manufacturing and the delivery of production inputs and end goods. It is...
Tag: United States
February 22, 2020
China’s Ministry of Commerce reports that inward foreign direct investment (FDI) in January reflected a small increase over the same period last year, with South Korea’s inward FDI (IFDI) surging and IFDI in medical equipment and instrumentation showing strong increases. Foreign businesses seem attracted by the Greater Bay Area’s promise…
February 16, 2020
JPMorgan (China) intends to assume full ownership of all its mainland China operations by 2021 to take advantage of China’s financial sector opening. Chinese regulators approve United States (US) credit card firm Mastercard Inc.’s application to establish a bankcard clearing house joint venture. Peter Navarro urges the US to reduce…
February 11, 2020
Dr. Jean-Marc F. Blanchard, Executive Director of the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations, was interviewed for a Frankfurter Allgemeine, Germany’s equivalent of the Wall Street Journal, article published in the wake of the conclusion of the Phase I Trade deal between China and...
February 10, 2020
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…
February 1, 2020
The coronavirus is affecting the operations of numerous multinational corporations (MNCs) in China, though many remain hopeful about the longer-term and are not overreacting. The former Chairman of China’s Sinopec opined that Chinese foreign direct investment (FDI) in sensitive areas and big deals would be avoided due to the contemporary…
Previously, I expressed mild skepticism and then later guarded optimism about China’s financial sector opening. The recent United States-China Phase One trade deal suggests the situation may be even better than originally thought with one entire chapter of the agreement speaking to the sector’s opening.
January 20, 2020
China’s tax system has been improving and there are hopes this will boost inward foreign direct investment (FDI). Goldman Sachs contemplates major expansion of employees in mainland China if China’s financial sector opening continues and it can take full ownership of its securities joint venture (JV). JPMorgan moves to increase…
January 13, 2020
China Banking and Insurance Regulatory Commission (CBIRC) makes it yet easier for foreign banks to set up and expand in China. China’s Ministry of Resources moves to lubricate the way for greater foreign direct investment (FDI) in energy exploration and extraction in China. Chinese outward FDI in North America and…
December 15, 2019
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…
