A new study released this week found that, in light of trade tensions between the two countries, Chinese consumers are buying fewer products from the United States. The survey, released by London-based firm Brunswick, polled 1,000 American consumers and 1,000 from China to find out how the ongoing “trade war” was impacting buying habits.
China’s new foreign investment law, which takes effect January 1, 2020, aims to level the playing field between domestic and foreign investors in the country. Delegates at the National People’s Congress (NPC) voted overwhelmingly in favor of the measure in March - just three months after it was introduced. Delegates proposed another version of the law back in 2015.
A World Trade Organization dispute panel announced Friday that the intellectual property case between the United States and China will now be on hold until December 31. According to Reuters, the United States requested the hold on the case - which challenged China’s approach to intellectual property - but did not disclose its reasons for the request.
When an American business encounters a dispute with a Chinese company, the procedures for resolving the dispute are different than if they simply wanted to sue another organization in the U.S. Today, we cover the basics of resolving disputes in China.