Antitrust

MNCs in the News-2020-03-13

China’s State Council identifies measures to encourage greater foreign direct investment (FDI) into China. Shanghai continues to attract inward FDI and seeks to reach new heights in 2020. China’s TikTok to establish center in United States (US) to assuage worries that user data is being transmitted back to China. US Treasury Secretary Steven Mnuchin tells US Congressional committee that the US is working with the International Monetary Fund and World Bank to ensure their funds are not used to repay Belt and Road Initiative debts. Japan will not allow investors filing applications under its new FDI review system to submit notice online or in English. Japanese Ministry of Finance data shows Japan’s overseas investment earnings rose steadily in January 2019, offsetting deficits in other areas. Hyundai Heavy Industries’ acquisition of Daewoo Shipbuilding & Marine Engineering encountered another obstacle with the European Commission delaying its decision on the merger until the summer. Korea’s Samsung facing hindrances to its efforts to boost production at some of its Vietnam factories due to Vietnam’s restrictions on Korean travelers resulting from the coronavirus.

MNCs in the News-2015-06-19

Foreign direct investment (FDI) in China in May increases by 7.8 percent year-over-year (YOY). New York Times expects Chinese leaders to take heed of foreign business opposition to proposed restrictive Chinese policy measures. Cisco touts plan to invest US $10 billion in China to fund innovation, equity investment, and research and development. China’s National Development and Reform Commission (NDRC) may turn its attention to cases similar to Qualcomm where there is suspect abuse of intellectual property rights (IPR). China’s Ministry of Industry and Information Technology expands opportunities for foreign investors in e-commerce sector. Stabilized bilateral political relations prop up Japanese FDI in China while China’s less appealing economic prospects and labor issues spur a decline. China’s outward FDI continues to surge with massive increases in Chinese FDI in the EU. Australian government touts investment benefits of recently signed China-Australia Free Trade Agreement

MNcs in the News-2014-09-19

Inward foreign direct investment into China hits two-and-half year low, though service IFDI and IFDI from Korea remain bright spots for the first eight months of 2014. The fray about whether or not China’s antimonopoly investigations fairly treat foreign firms increasingly draws in foreign governments with some foreign executives backing China. Accusations emerge that Qualcomm, the subject of a major antitrust investigation, has bribed a high-level State Council official. Academics and Chinese populace voice diverse concerns about foreign investment in China. Foxconn, major Apple supplier, denies report that benzene use at its factories caused leukemia among workers. Chinese outward FDI continues to show considerable vibrancy, rising to over $65 billion in the first eight months of 2014. China pledges to invest $20 billion in Russia during first China-Russia Cooperation Council for Investment. Drivers of Chinese investment in Africa include direct invitations from the highest political levels. Recent changes in the political environment and lure of the China market seem to be inducing Japanese investors to think about pursuing increased investment in China. National Development and Reform Commission steers its attention to Toyota’s Lexus spare and replacement part pricing practices. Internet Initiative Japan Inc. seeks to provide its first data center, known for its power saving features, to the Laotian government. Iraq conflict forces declines in South Korean oil imports. Taiwan’s Financial Supervisory Commission (FSC) requires companies with a capitalization exceeding $10 billion to issue CSR reports to deal with the fallout of the Chang Guann food oil scandal. Taiwan to cooperate with France on the Internet of Things.