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Focus on China: Critical Issues Affecting U.S. Businesses Today

By William J. Kolasky and Lester Ross

For U.S. companies today, it seems as if all eyes are on China. That country has vaulted past Japan to become the world's second largest economy and the United States' third largest trading partner ' and it's just getting warmed up. With over 1.3 billion consumers ' more and more of whom are middle class ' and a strong and rapidly growing economy, full and fair access to the Chinese market is critical to the future success of U.S. businesses and workers. Yet many companies find getting over the Great Wall and into the Chinese market to be fraught with challenge. This article highlights some of the recent developments in areas that most concern our clients with operations in China: the protection of intellectual property rights, the promulgation of national standard-setting provisions, and the adoption of a new antimonopoly law.

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