One of the major global initiatives by China was the One-Belt, One-Road (OBOR),reviving the old silk roads. And while it is an open platform, major trade partners of China are currently not part of the initiative, including Australia, the UK and the US. Major disputes, like the Ausgrid, Brexit and Hickley cases, might only add to the worries countries should have when looking at their relation with China, without being part of OBOR.
Making sense out of China has always been challenging, although the questions companies and people have to ask themselves change permanently. From a rather uregulated booming economy, now dealing we a tsunami of new rules, anti-corruption and a – relatively – slowing economy changes the strategic questions you have to deal with And while everybody has an opinion, at the China Speakers Bureau we are happy to have a range of expert opinions on China´s strategic challenges. We have a selection here (but you can always ask for more).
2016 is going to be the year where outbound investments from China are going to be a major story. Not only generate IPO´s from Alibaba and JD, much capital that used to be locked up in China, is now looking for opportunities to go abroad. A few of our speakers at the China Speakers Bureau focus on that development.
If at any place the switch from brick-and-mortar is going fast, it is China. Permanent online consumers comment, exchange information, and buy 24/7. When you sit down in a restaurant, you first ask the code for the free wifi, before the menu. When you travel abroad, you constantly discuss with friends and family back how, what to buy, or what not to buy.
Foreign companies fear an increasing risk in China, now the government is tightening legal supervision, fighting corruption and banning business practices that were considered to be common up to a year ago. GSK might be one of the high-profile cases in the anti-corruption drive, but no foreign company or industry is not worried about those changes. The China Speakers Bureau can offer a range of experts on risk management in China.
A range of food scandals with milk powder for babies has caused a wild-west market for mainly foreign instant formula, doing good business in China. Lawyer Mark Schaub warns that regulators are catching up, and new tough registration rules have a deadline for October 1, hard to manage for import products, he writes in Lexology.
The new rules on taxation of cross-border e-commerce have caused fear the government is trying to kill an increasingly lucrative industry. It was inevitable the government would start to regulate – not kill – this booming business, says Shanghai-based lawyer Mark Schaub in Lexology. The timing was a surprise, and unfortunately, regulations are not very clear, he adds.
The longstanding ban on the sale of video game consoles and games to Chinese consumers might be loosened at the Shanghai Free Trade Zone, but that does not mean everything goes, warns lawyer Mark Schaub in Mondaq, although the new opportunities prevail.
Moving to China still seems attractive for many professionals, including lawyers. Shanghai-based lawyer Mark Schaub explains to the Law Gazette the barriers you might meet twice, and why you could consider the move very well. And that does not only is true for lawyers.