Skip to content

Briefings - 1239. page

Chinese Companies Face Three Obstacles in Their Development

Recently at a seminar at the Peking University Law School, a well-known law professor, Jiang Ping, said that Chinese companies face many obstacles.  The reason is that these businesses came out of an old system, and the standardized legislation that applies to them has only been in existence for about 20 years. He listed 3 major issues.

Show Contempt for U.S. Pressure

On December 24, 2007, Xinhua published an article under the title "Let’s Learn to Show Contempt for U.S. Pressure." It stated that China can hardly breathe because of the pressure in international trade. The pressure relates to such issues as RMB currency depreciation, product recalls, over 50 anti-China bills presently in the U.S. Congress and escalating demands on China to open up its financial market.