Nixon Peabody LLP

  • People
  • Capabilities
  • Insights
  • About

Trending Topics

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni

    Practices

    View All

    • Affordable Housing
    • Community Development Finance
    • Corporate & Finance
    • Cybersecurity & Privacy
    • Environmental
    • Franchising & Distribution
    • Government Investigations & White Collar Defense
    • Healthcare
    • Intellectual Property
    • International Services
    • Labor & Employment
    • Litigation
    • Private Wealth & Advisory
    • Project Finance
    • Public Finance
    • Real Estate
    • Regulatory & Government Relations

    Industries

    View All

    • Cannabis
    • Consumer
    • Energy
    • Entertainment
    • Financial Services
    • Healthcare
    • Higher Education
    • Infrastructure
    • Manufacturing
    • Non Profit
    • Real Estate
    • Technology

    Value-Added Services

    View All

    • Alternative Fee Arrangements

      Developing innovative pricing structures and alternative fee agreement models that deliver additional value for our clients.

    • Continuing Education

      Advancing professional knowledge and offering credits for attorneys, staff and other professionals.

    • Crisis Advisory

      Helping clients respond correctly when a crisis occurs.

    • DEI Strategic Services

      Providing our clients with legal, strategic, and practical advice to make transformational changes in their organizations.

    • eDiscovery

      Leveraging law and technology to deliver sound solutions.

    • Global Services

      Delivering seamless service through partnerships across the globe.

    • Innovation

      Leveraging leading-edge technology to guide change and create seamless, collaborative experiences for clients and attorneys.

    • IPED

      Industry-leading conferences focused on affordable housing, tax credits, and more.

    • Legal Project Management

      Providing actionable information to support strategic decision-making.

    • Legally Green

      Teaming with clients to advance sustainable projects, mitigate the effects of climate change, and protect our planet.

    • Nixon Peabody Trust Company

      Offering a range of investment management and fiduciary services.

    • NP Capital Connector

      Bringing together companies and investors for tomorrow’s new deals.

    • NP Second Opinion

      Offering fresh insights on cases that are delayed, over budget, or off-target from the desired resolution.

    • NP Trial

      Courtroom-ready lawyers who can resolve disputes early on clients’ terms or prevail at trial before a judge or jury.

    • Social Impact

      Creating positive impact in our communities through increasing equity, access, and opportunity.

    1. Home
    2. Insights
    3. Alerts
    4. Ahead of Phase One details, Chinese government lays out 2020 prioritiesAlerts

    Alert / Asia-Pacific Alert

    Ahead of Phase One details, Chinese government lays out 2020 priorities

    Dec 20, 2019

    Share

    By David Cheng and David Kaufman

    While we are still waiting for Phase One details, MOFCOM presents its plans for the new year.

    DOWNLOADS

    As we await details of the Phase One trade deal between China and the United States announced on the 13th of December, China’s Ministry of Commerce (MOFCOM) has presented its priorities for the new year in a recent release. After a major economic policy meeting in Beijing on December 16 and 17, MOFCOM rolled out six major areas of focused effort.

    • Continued expansion of the Belt and Road Initiative, which aims to integrate economies along the historic trading routes to China.
    • Creation of more pedestrian-friendly shopping areas.
    • Increased use of industrial equipment in rural communities and agricultural products in urban areas.
    • 3rd China International Import Expo in Shanghai in November 2020.
    • Development of free-trade zones and ports.
    • Reduction of poverty.

    MOFCOM did also address the need to deal with U.S./China trade friction and encourage additional foreign investment in China; however, the recently announced trade deal was not mentioned specifically.

    The Office of U.S. Trade Representative (USTR) released the contours of the agreement in a fact sheet. The fact sheet announces that “the United States and China have reached an historic and enforceable agreement on a Phase One trade deal that requires structural reforms and other changes to China’s economic and trade regime” and suggests that there are seven chapters

    • Intellectual Property
    • Technology Transfer
    • Agriculture
    • Financial Services
    • Currency
    • Expanding Trade
    • Dispute Resolution

    No specific details of the plans were released. In describing the Intellectual Property section, for example, the U.S. government states, “The Intellectual Property (IP) chapter addresses numerous longstanding concerns in the areas of trade secrets, pharmaceutical-related intellectual property, geographical indications, trademarks, and enforcement against pirated and counterfeit goods.”  The full text of the agreement is expected to be released before its signing, which is planned for “early January,” according to USTR.

    Locations

    Hong Kong

    Practices

    International ServicesChinaSouth Asia

    Insights And Happenings

    • Alert

      Making sense of the big, beautiful monster trade deal: Part #1

      Jan 21, 2020
    • Alert

      Collaboration and competition: China/U.S. investment trends update

      July 25, 2019
    • Alert

      What trade trouble? China opens up its financial services sector earlier than expected and other reforms

      July 3, 2019

    Subscribe to stay informed of the latest legal news, alerts, and business trends.Subscribe

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    • © 2023 Nixon Peabody. All rights reserved
    • Privacy Policy
    • Terms of Use
    • Statement of Client Rights
    • Supplier Diversity Program
    • Nixon Peabody International LLC
    • PAL