In view of coronavirus outbreak, government support is offered to foreign investment projects and port charge rates are reduced. People's Bank of China issues first specifications on distributed ledger technology.
As China looks to kickstart its economy following weeks of severe disruption, employers must balance obligations to minimize virus transmission risk and at the same time returning to normal operation as quickly as possible. What exactly must employers do before resuming operations? How can they reduce costs? Are layoffs allowed? Jonathan Isaacs, head of Baker McKenzie's China employment practice, answers your burning questions.
China promotes arbitration, mediation for virus-related business disputes; business resumption requirements clarified by State Council notice; and government offers subsidies to airlines struggling amid epidemic
Coronavirus troubled small businesses may have their loan payments postponed, non-litigation dispute resolution is encouraged in labor disputes, and banks and insurance companies are allowed to engage in sovereign bond futures trading.