Recording annual growth rates amongst the highest in the world
for many years, the PRC's astonishing development lift-off has been
characterised by rapid, export-led industrialisation. Although the
country faces deep challenges such as pollution, corruption, rapid
urbanisation, inadequate infrastructure and the challenge of
adapting its rigid political system to a changed China, hundreds of
millions of Chinese have already been lifted out of poverty, and a
consumerist middle class already numbering over 150 million people
has arisen. Chinese authorities are now trying to effect the
transition from an export-led, low- and mid-level technology
manufacturing economy, to one based on high-tech, innovation and
This, together with China's absolute and per capita growth and its steeply rising urbanisation and consumption rates, now means that many more Western businesses with international reach need to have a strategy for dealing with China. At the same time, large numbers of Chinese companies, with the blessing and encouragement of the PRC Government, are entering overseas markets, trading and investing and in some cases developing into major players in their sectors. They need expert guidance, attuned to their specific needs, to help them do so.
We advise PRC corporates doing business outside of China, and Western corporates going into China to pursue business opportunities, in both cases drawing on our sectoral expertise. Chinese clients are drawn to our geographical footprint in Europe's largest economies, and our ability to expertly advise them on technology, media and telecoms transactions as well as corporate, employment and real estate matters. Our European clients benefit from being advised on China issues face-to-face in their home time-zones by our China Advisory team, led by Andrew Halper, China Business consultant, a Chinese speaker who has lived and worked in the PRC for many years. When advising Western corporates going into China, we work together with experienced and commercially-savvy Chinese lawyers with whom we have collaborated for years. Both Chinese and Western clients appreciate our ability to help them bridge the gap between the very different business cultures of Europe and the PRC.
In addition to the vibrant China - Europe trade and investment nexus, Singapore and other Southeast Asian countries have also seen a rapid expansion of their commercial relations with the PRC. As a result, our Singapore office is taking on more and more dispute resolution and arbitration involving Chinese parties, and is increasingly advising foreign and Chinese parties in their commercial relationships.
For more information, please contact Andrew Halper in our London office, or any of the other key members of our China Advisory team across the Olswang network, listed on the right-hand side of this page. You can view the full team by clicking on the Team tab.