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The development of China’s coal and seam gas industries is now a key policy goal of the country’s peak economic planning agency, the National Development and Reform Commission (“NDRC”).
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A Introduction
Australia has a long history of welcoming international investment. Australia’s limited domestic capital, abundant resources and comparatively stable economy has attracted investors from across the world for decades.
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Foreign investment stories have dominated media headlines in recent months. Australia-China business stakeholders will have noticed.
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The Mortimer review of export policies and programs, entitled Winning in World Markets (“Mortimer Report”) was released on 1 September 2008.
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Australia has been a popular target for Chinese outbound investment over the last decade, especially in the mining and resources industries.
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Toy recalls, poisonous pet food, poor quality compliance and low labour standards have marred the reputation of Chinese products in the international market place.
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China ratified the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (“the Washington Convention”) in 1993.
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Australia’s direct investment in China has mainly been concentrated on China’s eastern coastal areas, such as in the Pearl River Delta.
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A US firm may have navigated a way around restrictions on foreign laws firms practising law in China says Jun Wang. But the venture may yet run aground
McDermott Will & Emery (MWE), a global legal firm founded in Chicago, has chosen a different way of entering into China.