China's adoption of the Apostille Convention, effective from 7 Nov. 2023, marks a significant step forward in China’s efforts to facilitate the circulation of international public documents.
International Trade Law 国际贸易法
In September 2023, the “2022 Statistical Bulletin of China’s Outward Foreign Direct Investment” was released, showing that in the year of 2022, China's overseas investment reached 47,000 enterprises, contributing USD 75 billion in taxes and achieving USD 3.5 trillion in sales revenue.
In April 2023, the General Office of China’s State Council issued the "Opinions on Promoting the Scale Stabilization and Structure Optimization of Foreign Trade" )to ensure the realization of the import and export objectives as well as to stabilize China’s economic growth and employment.
In December 2022, China’s legislature adopted the “Amendment to the Foreign Trade Law”, which deleted relevant provisions on the registration of foreign trade operators. This means that Chinese companies do not need to obtain special qualifications to engage in import and export business.
You are entitled to claim compensation for loss and the agreed liquidated damages, and may under some circumstances receive a punitive damages award.
CTD 101 Series: Do I Have the Legal Right (Standing) To Sue When a China-Related Trade Dispute Arises?
As long as you are ‘directly affected’ pursuant to Chinese law, you may file a lawsuit with the court.
You need to identify the address of the person or business you want to sue when preparing and filing a complaint before Chinese courts.
You need to know whom you can sue and then identify its legal name in Chinese.
YES, as long as the transaction is for business purposes rather than for consumption purposes, as a local Chinese court rules in Yang v. Yucheng Huayu Machinery Manufacturing Co., Ltd. (2021).