SAMR

MNCs in the News-2021-November

China’s Ministry of Commerce (MOFCOM) reports China’s utilized inward foreign direct investment (FDI) for the first 10 months of 2021 increased 17.8 percent over the prior year period. China imposes various fines on Taiwan’s Far Eastern Group, pointing out that independence supporters and “‘their connected companies and financiers must be punished.” JPMorgan Chase CEO Jamie Dimon quip about the longevity of his firm versus the Chinese Communist Party leads to multiple apologies. China’s State Administration of Market Regulation (SAMR) issues a guidance document about anti-monopoly compliance that includes provisions relating to anti-trust practices and risks overseas. China’s Belt and Road Initiative (BRI) in Pakistan encounters various serious challenges and disappointments. China’s high-speed BRI railway in Laos officially opens with questions about its ability to deliver the economic goods and economic viability. Japanese government taking steps to institute a system for intensified security screening of foreign goods, parts, and service providers. Japan will enhance cooperation with International Labor Organization (ILO) to ensure Japanese companies have better human rights due diligence systems. Korean legislator charges that Apple and Google are not sufficiently complying with law barring dominant app store operators from forcing app developers to use their payment systems. Korea’s SK Hynix may not be able to upgrade memory chip factory in China due to United States opposition to its planned use of ASML chip making equipment.

MNCs in the News-2019-04-19

Chinese firms producing and using coal not energized by institutional investor promises to divest trillions of dollars in the fossil fuels sector. China moves to bring vigor and vim to the elderly nursing home sector through measures to encourage foreign direct investment (FDI). Chinese anti-competition authorities dial in to Ericsson for potential antimonopoly practices in licensing patents. China creates international tax cooperation mechanism under the Belt and Road Initiative (BRI) called the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM). Energy Foundation China President contends China’s BRI will spark “transition to a sustainable energy future”! Japan woos Eastern and Central Europe away from BRI even while expressing support for latter. Leaked emails reveal Tokyo last spring put the brakes on any potential Renault-Nissan merger. Korean President visits Hyundai Engineering Co.’s mega $30 billion Kiyanly plant in Turkmenistan and vows to support Korean companies working with the latter. South Korea’s finance minister announces Seoul will prepare for inter-Korean economic projects in case there is an easing of sanctions on Pyongyang.