Beijing Intellectual Property Office

MNCs in the News-2017-03-31

Chinese government financial institutions intensify their backing for China’s “Made in China 2025” initiative and press non-governmental bodies to increase their support. Chinese law on joint ventures with specific requirements regarding new energy vehicles alarms foreign carmakers which fear they will be required to transfer technology. Beijing Intellectual Property Court supports Apple on design patent dispute with Shenzhen Baili. United States Trade Representative office issues report on trade barriers, highlighting many problems relating to China’s treatment of American companies in China. Chinese officials continue to defend their intensified oversight of Chinese outward investment. Tsinghua Unigroup garners massive new aid pledges from the China Development Bank and China national chip fund. Myanmar reportedly will restart construction on a China financed oil pipeline. Last week, the Chinese business community in Kenya establishing a lobbying group. Westinghouse’s bankruptcy filing means troubled Toshiba faces a potential net loss of USD $9 billion net loss in 2016. Russia and Japan discuss plans for investment projects and other joint cooperation on the disputed Kuril Islands. SK Innovation Co. freezes the operations of its battery packing plant in China, denying they relate to Chinese economic sanctions against Korea. Doosan Heavy Industries & Construction Co. secures Saudi Arabia seawater desalination deal worth over USD $400 million. Mining giant PT Freeport Indonesia agrees to convert its contract of work into a special mining permit, providing a potential basis for a settlement of its disputes with the Indonesia government.