trade sectors

MNCs in the News-2019-10-25

China’s draft implementing foreign direct investment (FDI) law regulations draw generally positive comments from key foreign industry associations. Senior China National Development and Reform Commission (NDRC) official touts his country’s progress in enhancing the enforcement of intellectual property rights (IPR). Senior United States (US) senators ask for review of TikTok for potential counterintelligence risks as well as censorship. Tanzania revamps terms of USD $10 billion Bagamoyo port project for China Merchants Holdings International. Brexit and slow growth prospects in Japan lead Japan’s Hitachi to pursue opportunities in the US and Thailand. Japan’s Uniqlo pulls commercial airing in Korea that seemed to mock victims of wartime forced labor as well as comfort women. Iraq’s Port Authority awards South Korea’s Daewoo contract for prefabrication yard that is part of its Al Faw new port project. South Korean firms both suffer and gain from US restrictions against Huawei.