The China Banking Regulatory Commission (CBRC) has issued a plan calling for “sinification” of the Chinese banking industry’s IT infrastructure, including computers, network equipment, data storage equipment, security devices, software, and other items.
Over the last several years, Chinese companies have been extending their reach around the globe, undertaking ever-increasing pioneering projects in infrastructure, energy, commerce, environment and other developments.
As we reported earlier in Specialized IP Courts in Beijing, Shanghai and Guangzhou: Paving the way to more efficient IP litigation?, on August 31, 2014, China’s Standing Committee passed a decision concerning the establishment of specialized IP courts in Beijing, Shanghai and Guangzhou.
China As Innovator? Recent Thomson Reuters Report Examines Trends in Chinese Patent Filing & Litigation
It is no secret China, as part of national strategy, is steering its economy from “Made in China” to “Invented in China”. But how far down the road is China?
According to the data of Chinese e-Commerce Research Center, by the end of 2012, the trading volumes of e-commerce market in China had reached 7.85 trillion.
Every so often, someone with a WFOE about to be shut down by the Chinese government (broadly defined) contacts us. These contacts seem to accelerate during economic slowdowns and that has been the case of late.