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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

Delphi Shutdown Presages Crappy 2009?

Posted on December 29, 2008
OK, there is a decent Oracle at Delphi allusion to be milked here, but this is a serious topic, so I’ll move on without indulging. Here’s the bad news: U.S. car parts maker Delphi has suspended work at a factory in Suzhou due to shrinking demand amid the global economic slump, a media report and a staff [...

Obama, Labor and China

Posted on December 29, 2008
Now that the Obama trade and foreign policy team is in place, there are new stories floating around out there about his China policy. The one thing everyone is nervous about is summarized quite well in this Reuters piece: President-elect Barack Obama may face pressure early in his administration to use the threat of trade sanctions [...

Grandpa Wen?s Photo-op

Posted on December 29, 2008
I don’t know about you, but whenever the economy gets bad, my thoughts go back to past recessions and periods of unemployment. For me, those things coincided with graduation from college and law school. Bad timing for me (twice). I fondly recall getting out of college with a very useful degree in history (!) and looking [...

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Merry Christmas from China Hearsay

Posted on December 24, 2008
But I am sure that I have always thought of Christmas time, when it has come round… as a good time; a kind, forgiving, charitable, pleasant time; the only time I know of, in the long calendar of the year, when men and women seem by one consent to open their shut-up hearts freely...

In the Spirit of the Holidays

Posted on December 24, 2008
I do not always agree with Tom Friedman (mostly b/c of the war), but it’s hard to argue with this: Landing at Kennedy Airport from Hong Kong was, as I’ve argued before, like going from the Jetsons to the Flintstones. The ugly, low-ceilinged arrival hall was cramped, and using a luggage cart cost $3...

Samsung Gets Whacked

Posted on December 24, 2008
Don’t know anything more than this (from JLM): Samsung was fined RMB 50 million for violating Holley Telecommunication’s GSM/CDMA dual-mode handset patent in the Hangzhou Intermediate People’s Court on December 19, reports Sina. The lawsuit was brought to court in early 2007, so the fine covers only part of the more than 700,000 GSM/CDMA dual-mode handsets [...

USTR China Report

Posted on December 24, 2008
The 2008 report to Congress by the US Trade Representative has been issued. The sucker is 115 pages, which means weekend reading for me. Here’s the link for anyone else with no life.

Still Confused About China?s Consumer Demand

Posted on December 24, 2008
This remains puzzling to me (h/t China Briefing): China’s retail sales for 2008 are expected to reach RMB10.8 trillion, an increase of about 21 percent year-on-year. According to a report released on Monday by the Ministry of Commerce, sales figures broke the RMB10 trillion mark earlier this month...

In Defense of Due Diligence

Posted on December 23, 2008
Yes, this post is self-serving to a certain extent. I get involved in due diligence from time to time, and certainly the firm I work for does a lot of these investigations. Regardless, since I have been thinking and talking about risk a lot recently, the latest big story from Wall Street, whereby a hedge fund [...

Not So Optimal Anymore

Posted on December 23, 2008
Fallows with a useful reminder: Yesterday I mentioned a summary of the latest John Boyd conference, which included the argument that today’s lean, hyper-efficient, "just in time" economy was magnifying the effects of today’s economic collapse...

Don?t Worry About ?Creeping Protectionism?

Posted on December 23, 2008
Fear not, international trade watchers. Incremental increases in trade barriers are a thing of the past. We are now entering the age of galloping global protectionism. Start the tariff increases, non-tariff barriers, in-your-face protectionism, and the WTO lawsuits that will follow...

Chinese Language and Technology

Posted on December 23, 2008
Very cool article on Chinese language writing and the effects of technology. Not a new subject, but the article is good and worth reading. H/T to the WSJ Blog. I would be remiss if I failed to point out that the main gist of the article, that technology may be eroding the ability of native speakers [...

Too Busy to Play Games

Posted on December 22, 2008
Time to cut my losses blogging today and save my energy for tomorrow. Some days you just don’t have what it takes to be even remotely interesting or informative. Before I sign off, however, I can’t resist this issue about online games and the sagging economy...

Once Again Making Fun of the Southern Diet

Posted on December 22, 2008
As I said in my last post, I am finding it difficult taking things seriously today. Must be the holidays or something. Here’s another less-than-important topic to discuss: feasting on felines. As my wife’s family is from Liaoning Province (in the North), I feel compelled to decry the eating habits down South...

Time Magazine and Zhang Yimou

Posted on December 22, 2008
I took a couple of days off last week and am just getting back to the blog today. For some reason, I can’t take anything too seriously, as you will no doubt see in any other lame posts I manage to pump out this evening. First up is Time magazine, telling us that Zhang Yimou was [...

Big 3 U.S. Automakers Suck at PR

Posted on December 17, 2008
Lots of news floating around about the U.S. automakers and their sad financial state. Bad enough, but it’s the PR blunders that make me cringe. When the three CEOs went to the U.S. Congress recently, asking for money, and had to admit that they flew to D...

U.S. Trade Priorities

Posted on December 17, 2008
From Politico: Rep. Xavier Becerra tells the editorial board of La Opinion that he has turned down the job of U.S. trade representative, having concluded — trade watchers take note — that trade won’t be the first, second, or third priority of the Obama administration...

Attack of the Nasty TB

Posted on December 17, 2008
I wish this was a surprise, but it isn’t: Levels of drug-resistant tuberculosis (TB) in China are nearly twice the global average. Nationwide research published in the journal BMC Infectious Diseases has shown that almost 10% of Chinese TB cases are resistant to the most effective first-line drugs...

New Word of the Day

Posted on December 17, 2008
Z - I - R - P ZIRP Yes, ZIRP What does it mean? What am I, freaking Wikipedia? Look it up yourself. Hint: it’s all rather depressing, so of course it has to do with the economy.

Stimulating Inefficiencies

Posted on December 16, 2008
Important article in the FT last Friday about how fiscal stimulus plans can unfortunately prop up inefficient enterprises. The article addresses the steel industry as an example: Tangshan steelmakers acknowledge that their unexpected revival is built on flimsy foundations...

Games Games Games

Posted on December 16, 2008
I knew what this article was about just by reading the headline, "One Boom Market Remains in China." Enjoy some good news for a change: How do you make money as an investor in China when the nation’s economy seems to be falling off a cliff? The one growth story that seems not to be flagging is [...

Econ Stats All Over the Place These Days

Posted on December 15, 2008
A lot of numbers coming out these days, most all of which are scary. Trying to tell how scary things are, and what is actually going on, is really difficult. Case in point. Comments recently on the drop in imports from my favorite China econ guru (i.e...

Offline World Creepiness

Posted on December 11, 2008
From ChinaTechNews: [T]he world’s first online game theme park, the Universal Digital Carnival Valley, is planned for a location by the Tai Lake in Jiangsu province’s Changzhou. The theme park, which is expected to complete construction in 2010, focuses on the themes of anime games and e-sports...

CBRC Rules on M&A Loans

Posted on December 11, 2008
Just saw this and haven’t digested it yet, but FYI: CBRC recently released the risk management guidelines on merger and acquisition loans of commercial banks, permitting qualified commercial banks to make M&A loans. The guidelines aim to set standards for commercial banks’ M&A loans, encouraging banking institutions to explore innovative way through M&A financing to meet [...

Crappy Expat Lawyer Salaries

Posted on December 10, 2008
CLB on the expat market: The always interesting BizCult is in the midst of a decidedly unscientific expat salary survey. In its post, "The Real Slim, Shady Expat Wages Stand Up," BizCult reveals that of "15 respondents so far, the majority are 26-30 year old professionals from North America making US$10,000-$19,000 a year...

Thomson Reuters Report ? China Patents Looking Good

Posted on December 10, 2008
This one’s a bit geeky, sorry about that. Just read the patent report by Thomson Reuters. Some problems with the content, but well worth the read. Here’s the gist regarding China: The Scientific business of Thomson Reuters today published World IP Today: "Patented in China — The Present and Future State of Innovation in China" which [...

Bad Research

Posted on December 09, 2008
A bit of weirdness and fun with which to end the day. From Wired: Dogs know when they’re getting the short end of the stick, according to new research out of the Clever Dog Lab in Austria. When a dog doesn’t get the same reward for doing a trick as another dog, he’s less likely to perform [...

Why I Should Stop Reading IP Case Summaries in the News

Posted on December 09, 2008
First, a hat tip to IP Dragon, who is tearing up the blogosphere with great posts recently. I made the mistake, unfortunately, of following a link to a Xinhua news story on the recent Apple trademark win. Before I bitch about it, here’s the entire text of the article to set up my gripes: U...

Confused About International Trade

Posted on December 09, 2008
Something tells me that the folks at the Foreign Ministry need to catch up on their newspaper reading: China said it will actively join the World Trade Organization’s (WTO) Doha round and play a constructive role, so as to promote negotiations to achieve a comprehensive and balanced result...

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