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China's new rules amp up pressure on US businesses

China’s new rules amp up pressure on US businesses Premium The rules include blocking Chinese companies like Huawei from obtaining certain components made by US or foreign suppliers or US technology (REUTERS) Stella Yifan Xie Share Via Read Full Story Hong Kong: Beijing hit back against recent US restrictions targeting Chinese companies, saying it plans to ban Chinese firms and citizens from complying with foreign laws and sanctions it deems “unjustified. Beijing’s new rules, released Saturday, also allow Chinese companies to sue in Chinese courts those who comply with the foreign laws. The rules come after the US imposed various restrictions against Chinese companies. Those include blocking some Chinese companies like Huawei Technologies Co. from obtaining certain components made by US or foreign suppliers, or accessing US technology.

FDI inflows to exceed that of last year, experts say

FDI inflows to exceed that of last year, experts say By ZHONG NAN | China Daily | Updated: 2020-12-16 09:14 Share Employees make auto parts at a foreign-funded company in Anshan, Liaoning province. [Photo/Xinhua] Foreign direct investment in China in 2020 is expected to exceed last year s total, as the economy has recovered quickly from the COVID-19 pandemic and the efforts to stabilize investment and foreign trade continue to yield results, officials and experts said on Tuesday. They said China s continuously improving business environment has provided global companies a fair and open market, an efficient supply chain, competitive talent pool and 5G infrastructure for innovation, as well as confidence in its economy. Multinational corporations are keen to add investment in China and build up their industrial and service chains, in particular in areas of operations, research and development.

Microsoft to create 2,000 new jobs

Microsoft to create 2,000 new jobs By MA SI | China Daily | Updated: 2020-12-16 09:27 Alain Crozier, chairman and CEO of Microsoft Greater China, delivers a speech at an event in Shanghai on December, 15. [Photo provided to chinadaily.com.cn] Tech behemoth sees huge growth opportunities in China s digital transformation Technology heavyweight Microsoft Corp plans to create nearly 2,000 new jobs in China in the next 18 months as it sees strong opportunities in accelerated digital transformation in the world s second-largest economy. The move is part of Microsoft s long-term commitment to the China market, a strategy that has never been disrupted by the COVID-19 pandemic, said Alain Crozier, chairman and CEO of Microsoft Greater China.