You have probably heard by now that China is stealing America’s intellectual property. This has been one of the primary issues in President Trump’s trade war with China—and for good reason. Keith Alexander, the former Director of the National Security Administration, has called this theft the greatest transfer of wealth in history.1 The transfer of…
Tag: China
Has the U.S. Market Closed the Door to Huawei?
Huawei, a Chinese technology company, has the world’s second largest smartphone brand. Its smartphone sales have surpassed Apple and is only behind Samsung.1 But Huawei is not only a smartphone manufacturer—it is a giant telecommunication company with business spreading across almost every corner of the industry, including smartphones, routers, cell towers, phone chips, etc. Huawei…
Foreign-listed Chinese Tech Giants May Come Back to Home Stock Market Soon
A securities regulation reform is taking place in China. The Chinese regulators are trying to entice its foreign-listed tech giants back to the home stock exchanges—the Shanghai Stock Exchange and Shenzhen Stock Exchange. Many Chinese tech companies, such as Alibaba, Tencent and Baidu, have earned a place alongside the most powerful tech giants in the…
Uncertainty With Chinese Foreign Direct Investment Under the Trump Administration; Expanding Role of CFIUS
The People’s Republic of China has grown into the world’s second largest economy, the largest manufacturing nation, and a major political/diplomatic presence at a rapid pace. For the first few decades post-1950, China relied on an inflow of foreign direct investment (“FDI”) while the country’s ability to offer cheap labor to companies and lopsided trade…
The First Proxy Fight against a U.S.-Listed Chinese Company: Hedge Fund Lost the Proxy Fight Against Sina
Sina, a NASDAQ-listed corporation and one of the largest telecom companies in China, was recently faced with a proxy contest. This proxy fight was initiated by Aristeia Capital LLC, a Connecticut-based hedge fund which owns 3.19% of Sina’s shares and is one of the biggest Sina shareholders.1 As the campaign between Sina and Aristeia is…
Self-Driving Cars in China – The Need for Regulatory Development
On July 5, Yanhong Li, the CEO of Baidu, a company known as “China’s Google,” spoke to attendees of the Artificial Intelligence Development Conference in Beijing via live video from inside a self-driving car as it drove around the city.1. However, Li was later warned and investigated by the police for an alleged violation of…
China’s Push Against Cryptocurrency
Bitcoin, arguably the most famous cryptocurrency, is notably volatile. Within 2017 alone, Bitcoin has faced two major crashes and recoveries.1 Yet, so far, keeping money in Bitcoin, and in the cryptocurrency market more generally, has been wildly profitable.2 In fact, cryptocurrency’s market capitalization in the last year was about six times that of the dot-com…
Why does the U.S. Continue to Engage in ‘Zeroing’?
As recently as October of 2016, China prevailed on the majority of a WTO complaint against certain U.S. methods of determining anti-dumping (“AD”) duties on Chinese products.1 The Panel held that U.S. practices of determining dumping margins in certain cases of “targeted dumping” were faulty because the U.S. Department of Commerce (“DOC”) had engaged in…
China’s Dilemma: Anti-Dumping Investigations
The World Trade Organization’s (WTO) anti-dumping (AD) investigation process is highly discretionary because the complainant has enormous latitude in selecting a country that possibly produces relatively expensive like products in determining the normal value of a product. China has brought many complaints against the U.S. for using questionable tactics in establishing dumping margins within proceedings,…
Uber in China, Part 2 of 2
The first part of this series explored and discussed the background July 2016 merger of Uber China and its largest competitor, Didi Chuxing. This blog will discuss the particulars of that agreement as well as the developments in the story of the merger that have occurred in recent months. As discussed more fully in the…