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International Law

China Hearsay

Commentary and analysis of law and business in China.
By Stan Abrams

Post Frequency: 8.4/day

Last Entry: May 03, 2010 at 11:04:24

In the Burbs, Checking Out the Flowers

Posted on April 08, 2009
Spent yesterday afternoon at the Beijing Botanical Garden (???), which is outside of town right next to Xiang Shan (??). Seems like I missed the optimal flower-watching season by a couple of weeks, which was kind of a bummer, but at least I dragged myself out there...

Household Savings Rate in China ? politics vs. economics

Posted on April 08, 2009
Very boring post title, but bear with me here for a second. Very interesting article in the FT by Pei Minxin (with co-author Ali Wyne), a very well known China expert at the Carnegie Foundation. He focuses his research and writing on China’s political structure and is a staunch democracy advocate...

New Version of Stanza for iPhone!

Posted on April 08, 2009
This is definitely one of my non-China related posts, but I wanted to show my appreciation for this new tech. When I got to China, I had very little entertainment available. Lack of TV was bad enough, but it was the scarcity of good reading material that almost drove me insane...

China Sees Record Bank Lending in March

Posted on April 08, 2009
I’m a terribly cynical and negative person. In the middle of a credit crisis, the first thing that pops into my dark mind when I see a headline like that is how much of this lending represents reckless or risky loans. On the other hand, apparently I’m not the only person who sees this as bad [...

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Car Restrictions in Beijing to Continue

Posted on April 07, 2009
So far this Spring, the air here in Beijing has been excellent. The cold weather broke a few days ago, and it has been warm with blue skies ever since. I was out in the suburbs today — you wouldn’t want to change the weather even a little bit...

SAIC Promotes Model Contracts For Rural Land Transfers

Posted on April 07, 2009
It probably comes as no great surprise that a lot of very dodgy stuff goes on with land transfers in China, and I do mean nationwide. This includes a lot of collectively-held land being transferred to private developers for way lower than its value and a lot of other questionable transactions that end up screwing [...

China, Luxury Brands & Tattoos

Posted on April 07, 2009
This will be my last post of the night as Google Reader is having a series of seizures on me, and I can’t get at my RSS feeds. Damn technology. What’s the tech equivalent of an anticonvulsant drug? (Before I motivate anyone to write me an email, please don’t tell me to restart my PC [...

Anti-monopoly Litigation Phase II ? China Mobile

Posted on April 06, 2009
This story is interesting to anyone following the implementation of China’s still relatively new Anti-monopoly Law and the implementation of a competition law system in this country. Everyone at this point knows that the most famous case so far was the recent rejection of Coke’s bid for domestic juice company Huiyuan on the grounds of market [...

Krugman on China?s Dollar Dilemma

Posted on April 06, 2009
I didn’t get to Paul Krugman’s NYT column about China and the dollar last week, so I’ll take the opportunity provided by the holiday weekend for a short comment. Here’s the intro: On one side, the world?s appetite for Chinese goods has fallen off sharply...

Basics of China?s Health Care Reform Announced

Posted on April 06, 2009
Details are still forthcoming, but this at least states categorically that health care is a public service, and is an implicit admission that the pendulum has swung too far in the direction of privatization and (high) fee-for-service. From Xinhua: [Today's announcement] will be supplemented by a more detailed implementation plan for the three years until 2011...

Quiet Holiday Weekend

Posted on April 05, 2009
Not much going on this weekend, blog or otherwise. At least the Beijing deep freeze is over, and the weather has turned more seasonable. With no heat over the past few weeks, things have been uncomfortable at home to say the least. This is no exaggeration — a couple of days last week saw me [...

The New SED: the China Lineup

Posted on April 03, 2009
I’ve talked recently about the new China-U.S. bilateral dialogue mechanism being put into place. I’m a bit skeptical of the whole thing as it sounds like just another gimmick, or an attempt at re-branding. Moreover, one of the U.S. players, Treasury Secretary Tim Geithner, has a full plate these days and has already run afoul [...

Seems Like Nationalization is a Global Trend

Posted on April 03, 2009
I thought it was just banks in the U.S. and Europe, but apparently this nationalization thing is getting quite popular, even in China: Privately-owned Chinese airlines that sprouted up during an industry deregulation are now facing nationalization as they suffer a cash crunch and their state-owned counterparts got cash injections to weather the global economic downturn...

Foreign Law Firms in China: Mind the (Time) Gap

Posted on April 03, 2009
Tom Chow gives us the news on Loeb & Loeb’s new PRC office: Well, at least the economy hasn?t completely stopped U.S. based law firms from entering into the promised land of China.� The National Law Journal published an article today entitled ? Firm Delivers Chinese Practice?...

I Don?t Much Care for the ?China Benefits From Global Recession? Theory

Posted on April 02, 2009
I’ve seen this argument a lot recently, and while I certainly agree that China has a great deal of upside and is in much better shape than some other countries, some of these writers seem to be smoking a lot of happy leaf. Case in point, a post on Seeking Alpha, a stocks blog: Now, all the [...

Questions About China?s Unemployment Rate

Posted on April 02, 2009
Great post on the WSJ blog about the uncertainties with China’s unemployment statistics. The problem most often discussed is how to account for the gigantic migrant worker population: The most readily available and most official statistic on unemployment in China is the one that just about everybody ? including government officials ? agrees tells you the [...

No Comments on Empty ?G-2? Discourse

Posted on April 02, 2009
OK, I didn’t really expect anything of substance to come out of the G-20 meeting or the so-called G-2 discussions between Obama and Hu. So no surprise that the public statements that came out of both camps were entirely devoid of anything tangible...

Another Reason Not To Watch China TV

Posted on April 01, 2009
Sky Canaves at the WSJ blog describes the coming of the apocalypse: The NBA and Chinese brewing giant Tsingtao will launch a cheerleading-themed reality show on China Central Television?s sports channel next month, according to the Hollywood Reporter...

China Banks Not Too Interested in Additional FDI?

Posted on April 01, 2009
China is reportedly planning to increase the lockup period for foreign investment in the country’s commercial banks. The increased lockup period, from three years to five, would apply to future investments, the Shanghai Securities News said today, citing Liu Mingkang, head of the China Banking Regulatory Commission...

Trying to Decipher U.S. Taiwan Policy

Posted on April 01, 2009
I don’t usually write about Taiwan — don’t really care about it too much, to be honest. Once in a while, however, I do notice what the U.S. is doing with respect to cross-strait tensions. I recently wrote about the U.S. decision not to sell additional F-16s to Taiwan, a move which I consider quite prudent [...

New Rules for China?s NASDAQ

Posted on March 31, 2009
With the private equity and venture capital markets cratering, there are a ton of startups here that are in need of capital. Hopefully by the time the exchange actually gets up and running, the economy will be in better shape, allowing it a chance of success...

China?s Shampoo Shenanigans

Posted on March 31, 2009
Paul Midler’s been on top of this baby shampoo case for a while. Looks like it’s heading into freaky territory: It seems that a number of Chinese families are looking to launch a class action lawsuit related to shampoo. From ConsumerAffairs...

ADB?s Growth Forecast ? Bleak, But No Surprises

Posted on March 31, 2009
The FT reports: The Asian Development Bank on Tuesday halved its 2009 growth forecast for developing countries in Asia, warning that an anticipated rebound in 2010 was heavily dependent on a broader recovery of the world economy. The Asian lender said that Asia excluding Japan was likely to grow 3...

China IPR Tribunals: An Update

Posted on March 30, 2009
Some additional details from my recent post on the subject from the National Working Group on IP. The possibility of an IP appeals court and the ability to consolidate multi-jurisdictional cases is great news. I know that most people do not follow this stuff close enough to track changes on the ground, but the progress [...

China?s Economic Nationalism

Posted on March 30, 2009
There are two things that annoy me to no end: religion and nationalism. Both are fundamentally irrational and lead to a lot of nasty shit. I’m therefore not happy at all that the global economic crisis has (as it always does) ushered in a new era of nationalism...

Chinese Cyberspies Watching Me On My Webcam

Posted on March 30, 2009
Seems to be one of the big stories this weekend/today (from the FT): A Chinese spying operation has obtained sensitive data from hundreds of government computers in more than 100 countries, according to a new report. University of Toronto experts found 1,295 infected computers around the world and observed the operation stealing documents and watching and listening [...

Private Equity, Venture Capital and ?Fake? China Joint Ventures

Posted on March 29, 2009
I wasn’t planning on writing a detailed post about cross-border financing structures for a while, although it was on my To Do List. Dan’s latest post at CLB on “fake Joint Ventures” requires a response, although I’ll save some issues for later when I have time for more...

Great Recession Watch ? Living With Mendacity in China

Posted on March 28, 2009
“You said it yourself, Big Daddy. Mendacity is a system we live in.” –Brick, Cat on a Hot Tin Roof As usual, Tennessee Williams is a good place to go for wisdom. As the Great Recession rolls over us, information about the financial system, built on a lot of mendacity, is coming to the fore...

Subways vs. Cars in China

Posted on March 27, 2009
It was obvious that China’s big cities were going the LA route years ago, meaning more expansion, outlying suburbs, more roads, and more traffic. An an LA native, I can’t say I’m in favor of this sort of development strategy for a host of reasons, including air quality...

China Looks For Creative Ways to Piss Off Evangelical Christians

Posted on March 26, 2009
I couldn’t help it. This one was way too enticing. Forestry officials in far western China have resorted to scattering abortion pills near gerbil burrows in a bid to halt a rodent plague threatening the desert region’s fragile ecosystem, state media said Wednesday...

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