On June 6, 2014, the Ministry of Commerce published a revised version of the Guiding Opinions on the Declaration of Concentration by Business Operators (the 2014 Guiding Opinions), which took effect on the same day. The 2014 Guiding Opinions made certain significant changes to the 2009 version, adding greater clarity to the merger-control filing requirements. Such changes are summarized below: … [Read more...] about China’s Ministry of Commerce Revises the Guiding Opinions on the Declaration of Concentration by Business Operators
Ministry of trade
MOFCOM’s central legal argument is that under United States v. Pink, 315 U.S. 203, 220 (1942), American courts must accept a foreign government’s official interpretation of its own law as conclusive. The district court, however, “ignored these fundamental precepts” and “instead invented its own mode of analysis that yielded a strikingly incorrect conclusion of Chinese law.” Brief at 14. The case has raised thorny international relations issues, and the appeal will no doubt be closely watched by the Chinese government. In MOFCOM’s words, “[t]he district court’s approach and result have deeply troubled the Chinese government, which has sent a diplomatic note concerning this case to the U.S. State Department.” Id. at 13. A reversal by the Second Circuit would “reaffirm that principles of international comity require district courts to treat official statements of a foreign … [Read more...] about China’s Ministry of Commerce (MOFCOM) Asks Second Circuit to Reverse Judgment Against Chinese Vitamin Manufacturers
“This is what a trade war looks like, and what we have warned against from the start,” Matthew Shay, National Retail Federation President and CEO, told Reuters. “We are on a dangerous downward spiral and American families will be on the losing end.” … [Read more...] about China Trade War Latest: Trump Raises the Stakes By Another $100 Billion
As a result, the stock markets have fluctuated rapidly. Republicans have also warned Trump against embarking on a war that would potentially deal an economic blow to politically crucial areas of the nation. It’s unclear exactly how the trade war will develop, but the burden will undoubtedly fall unevenly on various industries and states. … [Read more...] about Trump’s China Trade War: Which States Will be Hit Hardest?
“The simultaneous visits of the Chinese foreign and defense ministers to Moscow amid the ever-widening Skripal affair suggest that something is afoot in the Moscow – Beijing axis. While China expressed limited support to Russia in the international fora on the alleged chemical weapons attack in the UK, Beijing is seeking coordination with Moscow on the North Korea issue, which is strategic for China, as well as in the escalating trade war between the two largest economies in the world,” Ariel Cohen, a senior fellow at the Atlantic Council, told Newsweek. … [Read more...] about Russia and China Are Closer Than Ever Before, Beijing Says As It Launches Trade War With Trump