Transportation

The national Negative List is downsized from 40 to 33 items.

The FTZ Negative List is downsized from 37 to 30 items.

Major plan for Hainan to become globally-recognized free trade port released; Swiss bank Credit Suisse takes majority control of securities JV; and U.S.-China animosity extends to aviation industry with bans and walk backs

U.S. to strip Hong Kong of special trade privileges; China adopts its first-ever civil code; and more entry exemptions on the horizon for select countries

Port charge rates are reduced

Foreign investment is restricted in various areas integral to autonomous vehicles

U.S. targets Huawei's access to chips globally with new export rule; China readies retaliatory measures against U.S. businesses; exemptions to China entry ban granted for some foreign business executives

China's pandemic-hit economy contracts for first time in decades in Q1; Renault exits China joint-venture amid weak sales and worsening outlook; new national blockchain committee launched with several tech giants involved

State Council has lowered the investment capital percentage requirements

In the first episode of the China Law Podcast, we discuss Chinese businesses claiming force majeure exemptions to contracts. Should foreign counterparties grant these exemptions? Must they? Or should they sue instead? And perhaps most importantly, would they win?