Today's China plays a more influential and significant international role than 40 years ago. It has started to assert more power internationally and increased national security. In 1978, Deng Xiaoping initiated the Reform and Opening Up policy and opened China's door to the world. As a result, China’s GDP rose from 367.9 billion yuan in…
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The Export Control Law of the People’s Republic of China (“ECL”) took effect from the 1 December 2020. The new legislation unifies export controls provisions scattered across several laws and regulations. Export Control Law The ECL establishes the regulatory framework for export control and defines the controlled items subject to export control. For foreign companies,…
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Doing business in China: How foreign businesses and their brands can enter China’s e-commerce market
China’s e-commerce market is one of its fastest-growing business sectors. Despite the effects of the COVID-19 pandemic, online sales in China are increasing and during the second shopping festival held from 1-18 June 2020, Jingdong e-commerce platform reported online sales of RMB 269.2 billion (USD$39.5 billion). For foreign businesses and brands seeking to enter China’s…
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