NEWS
NEWS
Chinese Government imposes restrictions on the entry of foreign investment into the value-added telecommunications market, however, the threshold for entry of foreign investment is gradually lowered.
On July 23, 2020, EDPB released an FAQ on Schrems II, which replied to the questions received by Data Protection Authority (“DPA”), and will be developed and complemented along with further analysis,.
On July, 27th, in order to unify the application of laws and enhance the judicial credibility, the Supreme People's Court of the People’s Republic of China released the Guiding Opinions on Unifying the Application of Laws and Strengthening Similar Case Retrieval (for Trial Implementation)( hereinafter referred to as "the Opinions"), which will be implemented on a trial basis on July 31st, 2020.
From 7/1/2020 to 8/31/2020, individuals whom have been worked in the Great Bay area in China can apply the Financial Subsidy from the government if certain qualifications are meet.
The COVID-19 pandemic has resulted in a rapid economic downturn followed by a potentially slow recovery and continued economic challenges, all of which could lead to exceptional uncertainty in the business world.