market access

Making Signals out of Tesla Turns and its Implications for Foreign Firms

Tesla’s top brass, employees, and shareholders must be charged up about the surfeit of good news in the People’s Republic of China (PRC) over roughly the past three months after the world’s most famous electric vehicle (EV) firm hit a slew of potholes there. In late April, PRC Premier Li Qiang hosted Tesla CEO Elon Musk.

MNCs in the News-2021-June

China adopts law for countering foreign sanctions, which some in foreign business community in China fear may be applied against it. Japanese Chamber of Commerce and Industry in China releases report highlighting anxieties about uncertainties created for Japanese firms by a slew of new, ambiguous laws and regulations such as the unreliable entities list and national security review law. Current data do not support the thesis that China’s national security law for Hong Kong has damaged Hong Kong’s status as an international financial center. Chinese firms are expanding their overseas operations to escape home country competition, gain local knowledge, and so on. Chinese outward foreign direct investment in Belt and Road Initiative countries shows respectable growth over first five months of 2021 versus prior year period. Japan continues along the path of greater regulation of internet giants and their potential abuse of market power. South Korean district court dismisses wartime labor compensation lawsuit brought by a group of Koreans against 16 Japanese companies. Korean firms substantially increase their lobbying activities in the United States for various political and economic reasons. Korean consortium’s hopes to win nuclear power plant bid rise with Czech government’s decision to rule out the involvement of Chinese and Russian companies.

MNCs in the News-2019-01-04

Foreign companies remain cautious about increasing their foreign direct investment (FDI) in China because of the risk of trade war escalation. Multinational corporations (MNCs) in China worry not only about trade war’s impact on sales, but pressures to relocate their factories. China’s National People’s Congress reviews draft law than seems to more aggressively protect foreign investor interests than a previous version. Survey reveals US businesses finding trade war leading them to face increased Chinese non-tariff barriers. China’s State-owned Assets Supervision and Administration Commission and the Chinese Academy of Social Science have produced a report that central State-owned enterprises (SOEs) are delivering equal employment benefits to Chinese and locals. Attorneys representing former South Korean forced laborers for Nippon Steel & Sumitomo Metal file for the seizure of Nippon Steel assets in Korea. South Korean government will tighten rules on the acquisition of Korean companies by foreign firms to limit technology leaks. Seoul to designate OLED equipment and chemical sector as “national core technologies” to gain influence over their sale and export.