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MNCs in the News-2019-07-19

Reports suggest that following intensifying China-United States (US) trade frictions, a growing number of foreign multinational corporations (MNCs) are considering moving their manufacturing out of China. At a recent China State Council meeting, officials state China aims to provide better intellectual property rights (IPR) protections and that it will treat domestic and foreign firms equally. China courts Japan’s involvement in the Belt and Road Initiative (BRI) purportedly to improve the BRI’s image. Bangladesh works to calm foreign investors in the wake of a violent clash between local and Chinese workers at the Chinese-invested Payra thermal power plant. Japan’s Fair Trade Commission (FTC) moves forward on guidelines to regular IT giants’ use of personal data without consent. Korea preparing plan to “‘to reduce the country’s dependence on Japan’s materials, components and equipment industries.’” Korean firms threatened by possibility that Japan will “remove Korea from its export white list.” Hyundai Motor Co. and Hyundai Motor America have requested the US International Trade Commission to start an investigation against four auto part importers.

MNCs in the News-2017-09-22

China’s National Development and Reform Commission (NDRC) promises measures to create a better environment for foreign direct investment (FDI). China courts foreign investment in its energy sector to advance its reform initiatives. European Union (EU) Chamber of Commerce in China releases position paper detailing many areas of concern among its members about China’s policies towards inward FDI (IFDI). Chinese expresses concern about possible implications of proposed EU wide investment screening scheme. Toshiba selects consortium to take over its politically contentious USD $21 billion semiconductor business. Prime Minister May visits Japan as Japanese firms become more hesitant about continued investment in Britain due to Brexit’s slow and uncertain progress. Economic and security concerns prompt Korea’s Industry Ministry to review investment plans by South Korean semiconductor and display companies seeking expansion in China. State-owned Korea Electric Corp. represents South Korea in a bid to build Saudi Arabia’s first nuclear energy plant. Indonesia’s demand for steel is expected to rise substantially within the decade, triggering calls to improve investment conditions for steel producers. Foreign investment in Indonesian startups reaches USD $3 billion so far this year with Chinese FDI patterns shaped by government initiatives. New Thai Digital Park proposed, opening new potential vistas for foreign investors. Sumitomo Corporation starts construction third industrial park in Vietnam with Vietnam’s Deputy Prime Minister calling for best possible conditions for investors. With central government support, Hanwha Techwin to open first of three Vietnamese aircraft engine parts factories early next year.

MNCs in the News-2015-09-18

China and the US step up negotiations on a bilateral investment treaty (BIT). US companies face intensification of pressures to accommodate Chinese government’s information technology security anxieties. US backs off imposing sanctions against Chinese companies benefitting from commercial hacking activities. China’s General Administration of Quality Supervision, Inspections, and Quarantine tells FAW-Volkswagen to do more in regards to Sagitar defect. Chinese outward foreign direct investment (FDI) registers impressive growth in first eight months of 2015 and all of 2014 with One Belt, One Road (OBOR) investment continuing to soar. Lenovo is working to ensure its server products can be purchased by US government agencies. China will help set up infrastructure to promote China-ASEAN internet connectivity and the 21st Century Maritime Silk Road. Japan’s Kayaba Industries Co. pleads guilty to price fixing scheme and accepts large fine. Korea’s National Tax Service undertakes tax audit of Mercedes-Benz Korea. Korean government pushes foreign businesses to hire more workers, especially young workers. Indonesia is moving to implement incentives to boost foreign investment in refinery operations. Vietnam takes heed of complaints of Korean business community.