China

Officially known as the People’s Republic of China (PRC) is a unitary sovereign in East Asia and is the most populous country in the world. It is also one of the largest countries and has the most neighboring countries worldwide. The Communist Party in China exercises its jurisdiction over 22 provinces, five autonomous regions, and maintains control over four direct controlled municipalities. It also has control over the special administrative regions of Macau and Hong Kong.

Since the economic reforms of 1978, China has been one of the fastest growing and most profitable economies in the world. Its stronghold on the electronic-market, foreign imports and exports, and trade-power internationally, make it the world’s second largest economy by GDP (as of 2016). It also has the largest purchasing power parity (PPP) in the world. China also has the largest standing army in the world, and is highly recognized as a nuclear weapons state; the nation also has the second largest defense fund in the world.

The government of the People’s Republic of China is spread across several state organizations:

  • The National People’s Congress and it’s Standing Committee
  • The President and the Vice-President
  • The State Council, or Central People’s Government
  • The military, including the People’s Liberation Army and the People’s Armed Police, and the Central Military Commission with a Chairman who is Commander-in-chief
  • The National Supervisory Commission
  • The Judicial Branch, consisting of the Supreme People’s Court and the Supreme People’s Procuratorate

Legal power is given to the Communist Party by the PRC Constitution, and it has comprehensive control of the state, military and media.

China a member of World Trade Organization, APEC, Shanghai Cooperation Organization (SCO), BCIM, BRICS, and G20. China has suffered from severe environmental deterioration and pollution in recent years. Urban air pollution is just one of the major health issues in the country. The country is also the world’s largest carbon dioxide emitter, and severe water pollution is also a major concern in China.

On the flip side, China is the world’s leading renewable energy producer. It invests heavily in renewable energy projects, such as hydroelectric and wind-power. The country is the largest hydroelectric producer in the world, and has the largest capacity of installed solar panel systems worldwide.

China has diplomatic relations with 175 countries around the world, with embassies in 162 of these countries. China has played an increasing role in calling free trade areas and security pacts in Asia in recent years. In 2000, the US approved permanent normal trade relations (PNTR) with China, which allowed exports into the US, at the low rate which other countries paid.

The National Law Review covers news and the latest legislative developments in China. M&A transaction deals, limits on import/export with the US  including US and China Trade over solar panels. Foreign relations stories, new regulations dealing with manufacturing, and stories covering the health industry are also covered by the National Law Review. Visitors will find the latest news on foreign relations and the Chinese government online.

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Mar
11
2024
Private Market Talks: Navigating the Geopolitical Supercycle with Tina Fordham [Podcast] Proskauer Rose LLP
Nov
19
2020
International Spotlight: Price Gouging Restrictions in China Proskauer Rose LLP
Sep
8
2014
Second Circuit Affirms No Extraterritorial Application For Dodd-Frank Anti-Retaliation Provision Proskauer Rose LLP
Dec
21
2016
In Partial Trademark Victory over Chinese Sportswear Company, Michael Jordan Posterizes Unauthorized User of Chinese Version of His Name ("乔丹") Proskauer Rose LLP
Apr
9
2014
Enterprise Florida Opens Business Development Offices in China Bilzin Sumberg
Aug
29
2014
The Real Tax Benefits of Inverting to Canada Bilzin Sumberg
Oct
22
2015
Tax Planning for Chinese Investment in U.S. Real Estate Bilzin Sumberg
Sep
5
2014
Establishment of Chinese Consulate-General in Miami Bilzin Sumberg
Mar
23
2015
Why Miami Offers Attractive Opportunities to Chinese Investors re: Real Estate Bilzin Sumberg
May
21
2014
China’s Legislative Affairs Office of the State Council Extends Comment Period for Proposed Rules Implementing the Revised Medical Device Regulation Covington & Burling LLP
Jul
18
2014
China's Legislature Releases Draft Food Safety Law for Public Comment Covington & Burling LLP
Aug
13
2014
Fraud Investigators Imprisoned for Illegally Collecting Personal Data in China Covington & Burling LLP
Nov
11
2014
Steps toward More Harmonized Regulation of Software as a Medical Device: New IMDRF (International Medical Device Regulators Forum) Policy Position Covington & Burling LLP
Dec
21
2016
China Seeks Comment on Seven Draft Cybersecurity and Data Privacy National Standards Covington & Burling LLP
Mar
6
2017
China Names Latest “Strategic Emerging Industries” Covington & Burling LLP
Aug
16
2017
China’s State Council Releases Draft Revisions to Process for Formulating Administrative Regulations Covington & Burling LLP
Jan
25
2018
China Issues New Personal Information Protection Standard Covington & Burling LLP
Feb
23
2018
Internet of Things Update: China’s Regulatory Environment Steps up for Low-Power WAN IoT Deployment Covington & Burling LLP
Apr
4
2018
Numerous Imports Targeted as U.S. -China Trade Tensions Escalate U.S. Proposes List of 1,300 Products Subject to Section 301 Tariffs; China Counters with Own List of U.S. Imports Covington & Burling LLP
Mar
25
2015
Chinese Government Issues 2015 Foreign Investment Catalogue — Effective April 10, 2015 Covington & Burling LLP
Jul
7
2015
China’s New National Security Law Covington & Burling LLP
May
12
2016
China Builds New Framework Governing Civil Society Organizations, Part I: Charity Law Covington & Burling LLP
Aug
12
2016
China Releases Draft Implementing Regulations for Consumer Rights Protection Law Covington & Burling LLP
Jun
5
2017
Chinese FDA Issues Groundbreaking Proposals for Medical Device Regulatory Reform Covington & Burling LLP
Mar
23
2018
USTR Finds China’s IP Practices Cause at Least $50 Billion in Harm: Proposed Tariffs and Investment Restrictions Ratchet Up U.S.-China Trade Tensions Covington & Burling LLP
Jul
16
2018
China Issues New Foreign Investment Negative List, New Market Access Openings Covington & Burling LLP
Nov
20
2014
Comparing Externalities from EU Energy Sources Covington & Burling LLP
Jul
7
2015
Draft Regulations in China Preview Stricter Rules on Internet Advertising Covington & Burling LLP
Sep
1
2015
China Amends Criminal Law Related to Data Privacy and Cybersecurity Covington & Burling LLP
Dec
13
2017
U.S.-China Trade Relations Heat Up Post Trump Visit Covington & Burling LLP
Mar
23
2018
Foreign Investment Regime Reforms in the UK Covington & Burling LLP
Jun
22
2018
CNDA Releases New Rules on the Inspection of Medical Device Clinical Trials for Comment Covington & Burling LLP
Jul
16
2018
China’s Framework of AI Standards Moves Ahead Covington & Burling LLP
Jun
4
2014
China Food & Drug Administration Releases Draft Measures On Unannounced Pharmaceutical Drug Inspections Covington & Burling LLP
Jul
23
2014
New Food Safety Law for China Covington & Burling LLP
 

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