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After seven years of negotiations (a total of 35 rounds of talks between the parties), the EU and China have reached political approval of the EU-China Comprehensive Agreement on Investments (CAI) on December 30th 2020. Lets examine the main aspects.
On December 19th, 2020, The National Development and Reform Commission of China ("NDRC") and the Ministry of Commerce ("MOFCOM") jointly issued the "Measures for the Security of Review of Foreign Investment" (Hereinafter referred to as "the Measures"), which will take effect from January 18th, 2021.
The purpose of the Measures is to review foreign investments & their possible impact on the national security of the People's Republic of China. Since the promulgation of the New Foreign Investment Law at the beginning of 2020, which clearly stipulated the establishment of such a security review system, it is of no surprise to see the promulgation of the Measures in 2020. We will therefore highlight some of the main aspects of note from the Measures for your reference.
After lengthy consultations as well as many rumors and leaks, the European Commission recently released two new legislative initiatives: the Digital Markets Act (DMA) and the Digital Services Act (DSA). Both of these acts represent the first major overhaul of E.U. internet legislation in the 21st Century and as part of the new European Digital Strategy, the European Commission will upgrade the rules governing digital services in the EU with European values at its core, let's check them out today!
China is India's second biggest trade partner behind the United States (US), and as a result, India is heavily dependent on China in matters of trade, technology and investment. However, since the spread of COVID-19 in India, the economic and political relations between the two countries have gone through significant changes, with the introduction of several trade sanctions against China by India. Today, let's analyse how India is attempting to reduce its dependence on China and the potential implications for European companies
Pudong New Area in Shanghai celebrates its 30th anniversary since the start of its development and opening up. In 1990, the Chinese Government made a decision to transform a rural area of Pudong into a modern, world-class district by transforming it into a 'new development zone'. The zone was a pioneer of China's first opening-up policies and reforms. Lets discuss the next steps for the area today
Among our brands for Italian Design Icons 2020, we had Ansaldo Breda, Casappa, Comau, Ducati, FAAM, iGuzzini, Itema, Maserati, Pirelli, Poltrona Frau, Technogym, and UFI Filters. Along with them, a series of renowned companies, universities and media partners joined us for exclusive lectures, where top Italian designers, architects, professors and key opinion leaders had the opportunity to share their vision of a future where sustainability and style may harmoniously coexist. Lets discuss it further this week!
After 8 years and 21 rounds of negotiations, China and 14 other Asia-Pacific countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Australia,, Japan, New Zealand, and South Korea) have signed what could potentially be the world's largest trade agreement, the Regional Comprehensive Economic Partnership (RCEP) on November 15th, 2020 via the Vietnam-hosted virtual ASEAN Summit. Lets check it out!
A full-scale reform plan has been unveiled in the city of Shenzhen, as the Special Economic Zone (SEZ) marks its 40th anniversary. On October 11th, 2020. The pilot reforms focus on areas such as the legal and business environment, further opening of the economy to foreign investors, technology, environmental protection, and urban space governance. Let's discuss it today
In recent years, China has aimed to overcome its reputation for being a hub for food safety violations, however, with the emergence of the e-commerce sector, compliance and enforcement will mean it may still continue to be an issue moving forward into the future. Additionally, China has recently been at the forefront of technological advances in food traceability as new opportunities for international cooperation and legislative changes seek to alter the future of food safety in China. Let's check it out
Consumer spending in China during the Golden Week holiday rose this year, indicating the path to steady economic growth and elevated consumer confidence. As reported by the Ministry of Commerce, retail and restaurant sales in China were 4.9% higher than last year's Golden Week, and total sales were recorded at 1.6 trillion yuan. Let's discuss these details in depth.
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