On 24 Feb. 2021, the National Database of Laws and Regulations was launched online, providing free legal search and inquiry service to the public.
Insight: China Legislation 中国立法洞察
If foreign investors want to further localize their businesses in China, they may then consider setting up a limited liability company.
If you are about to enter the Chinese market, and your company outside China can conduct cross-border transactions with business partners in China, then, you only need to set up a branch (representative office) in China.
The Interim Provisions on the Review of the Concentrations of Business Operators entered into force in December 2020, which fleshes out China's anti-monopoly legal framework.
Being China's first blocking statute, the Rules on Counteracting Unjustified Extra-Territorial Application of Foreign Legislation and Other Measures was promulgated by the Ministry of Commerce in January 2021.
People have complained that IP creates a monopoly which causes some social issues such as the affordability of patented pharmaceutical drugs. However, we can see this argument from the following aspects.