With our competence team “International Business” we at Kunz are pleased to offer advice on all commercial law issues relating to the foreign investments of German companies and inbound investments of foreign companies. The following article on China business deals with both segments.
China is expected to be the only major economy to achieve economic growth in 2020, around 2% is forecast. In all other relevant countries the coronavirus keeps upward trends in check.
Despite hopes for vaccines, the economic outlook for the winter months in Germany is bleak. German companies are therefore concentrating on the export markets in China and other Asian countries.
The control of investments from outside the EU, especially the acquisition of important domestic companies, is to be further tightened. Security checks will no longer be carried out only for investments in critical infrastructure, but also with regard to planned acquisitions in a number of high-tech sectors. These can then be prohibited. This trend is important for the consulting of foreign companies by us at KUNZ.
We at Kunz will also be happy to support you in your business activities abroad, including those directed to China. In doing so, we also consider cross-references in relation to other countries, e.g. in the case of China, risks for your US activities. US sanctions against China can also be applied to foreign companies.
The Free Trade Agreement (RCEP) recently concluded between China and 14 other Asia-Pacific countries opens up completely new opportunities for international trade. Apart from India, all of China's political opponents from the region are also partners in this trade alliance, which accounts for 1/3 of economic output worldwide. German companies can use this agreement to establish or strengthen regional distribution structures free of customs duties.
Our "International Business" competence team will be happy to answer any further questions you may have.