Integrity Legal

Those who read this blog with any frequency may have taken note of the fact that the administration has recently been posting some information regarding legal and corporate issues arising in locations such as the Peoples’ Republic of China and also Taiwan. Recently, it came to the attention of this author through the periodical of Cenlaw that Mainland Chinese officials are taking measures to regulate investment by Mainland enterprises in Taiwan. To quote directly from the periodical of Cenlaw:

Chinese Authorities Regulate Investment In Taiwan By Mainland Enterprises

The Ministry of Commerce, the National Development and Reform Commission and the Taiwan Affairs Office have jointly issued the “Measures for the Administration of Investment in Taiwan by Mainland Enterprises’. Pursuant to the Measures, a mainland subject intending to invest in Taiwan shall meet the following conditions: 1. it should be a corporate legal person legally registered and operated in the mainland; and 2. it should have an industrial background, capital, technology and management capacity. In addition, to invest in projects in Taiwan, a mainland local enterprise shall file an application with the provincial development and reform commission where it is located. The application shall be reviewed first by the provincial development and reform commission and then be submitted to the National Development and Reform Commission for approval. For a mainland enterprise under the control of the central government, it may directly apply to the National Development and Reform Commission for approval for its investment in Taiwan. In order for a mainland business to set up a corporate or non-corporate entity in Taiwan for investment ,it must have received approval from the Ministry of Commerce.

It is interesting to note this policy as many in Asia are finding investment opportunities in multiple markets and jurisdictions. Meanwhile, government officials in different jurisdictions are adopting differing strategies when attempting to execute policy.

Mainland China and Taiwan have evolved differently when one looks at the history of these locations. That said, it would appear that market forces and economic factors are the most pivotal issues which will have an impact upon the future of these locations. Furthermore, it would appear that as multi-jurisdictional trade increases so too does the need for a regulatory framework to deal with business matters arising in the context of Mainland China and also Taiwan. Hopefully, through cooperation and thoughtful foresight economic relations between the Mainland and Taiwan will result in economic benefits for everyone concerned during the present and for future generations.

Tags: business in China, Business in Taiwan, China Taiwan Trade, China Trade, Company in China, Company in Taiwan, PRC-Taiwan Trade, Registered Company China, Registered Company Taiwan, Taiwan Trade
Posted in American Institute Taiwan, News, US Consulate ChengDu, US Consulate Guangzhou, US Consulate Hong Kong, US Consulate Macau, US Consulate Shanghai, US Consulate Shenyang, US Consulate Wuhan, US Embassy Beijing, US Embassy China | No Comments »

This blogger recently came across an interesting periodical in which the recent World Exposition in China was discussed. For those who are unaware, Shanghai, China recently played host to a World Exposition which is similar to the Worlds’ Fairs which were once a mainstay of the international social order. To quote directly from the periodical of Cenlaw:

Premier Wen Jiabao praised the fair Sunday as a “splendid event” that “truly brought together people around the globe.”

World Expositions are galleries of human inspirations and thoughts. Since 1851 when the Great Exhibition of Industries of All Nations was held in London, the World Expositions have attained increasing prominence as grand events for economic, scientific, technological and cultural exchanges, serving as an important platform for displaying historical experience, exchanging innovative ideas, demonstrating esprit de corps and looking to the future.

These expositions have often been the stage upon which the host nations display their achievements to the rest of the world. In the case of China, few are unaware of the achievements which the Chinese economy has boasted in recent years as the most populous nation on Earth (once something of an economic backwater) has risen, due in no small part to effective economic policy, to become the second largest economy in the world. To continue to cite Cenlaw further:

Expo 2010 Shanghai China focused on innovation and interaction. Innovation is the soul, while cultural interaction is an important mission of the World Expositions. In the new era, Expo 2010 Shanghai China contributed to human-centered development, scientific and technological innovation, cultural diversity and win-win cooperation for a better future, thus composing a melody with the key notes of highlighting innovation and interaction in the new century.

This author finds it interesting to note that the Chinese seem determined to create economic “win-win” situations through cooperation and innovative strategy. Hopefully, these efforts will result in fruitful economic and diplomatic relationships for China, the United States, Thailand, and the many nations in Asia which could stand to benefit from increased trade and business opportunities.

On a related note, in a previous posting on this blog, this writer noted that the US Embassy in China has taken steps to see to it that non-immigrant visa applications from China are processed in as timely a manner as possible. In an effort to deal with the large demand for visas such as the US tourist visa, the American Mission in China has gone so far as to schedule interviews on weekends. Hopefully, the upshot of all of this extra effort will be an increase in the number of tourists traveling to the United States of America.

In recent weeks, there has been a great deal of discussion regarding tensions arising from currency imbalances between the United States of America and the Peoples’ Republic of China. At many points in history there have been situations where global tension came about due to the emergence of a new economic player. China’s situation seems no different from earlier examples of this same phenomenon occurring throughout history (most notably: the example of the United States after the end of the Second World War). Although there may be a period of adjustment, hopefully the rise of the Chinese economy and the trade opportunities and efficiencies arising therefrom will fuel a new resurgence in the global economy. In short, this writer truly hopes that a “rising tide raises all ships” in China, the USA, and throughout world.

For related information please see: American Visa China.

Tags: American Visa China, Asian Business, business in China, Cenlaw, Shanghai exposition, US Mission China, US Mission Peoples' Republic of China, US Mission PRC, US Tourist Visa, Wen Jiabao, World Exposition in China, World Exposition Shanghai
Posted in News, US Consulate ChengDu, US Consulate Guangzhou, US Consulate Hong Kong, US Consulate Macau, US Consulate Shanghai, US Consulate Shenyang, US Consulate Wuhan, US Embassy Beijing, US Embassy China | No Comments »