Trends in PRC Enforcement: A Rise in Defaults Signals a Future Influx in Claims Involving Chinese Entities
A discussion of the enforcement challenges and trends relating to claims brought against Chinese entities.
January 23, 2023 at 10:21 AM
8 minute read
Credit: vegefox.com/Adobe Stock
As the world's second largest global economy and with an annual GDP growth of over nine percent on average, the People's Republic of China (PRC) is central to business today, and companies around the world do business with Chinese parties. Given its status and key role in the already stressed global supply chain, economic trends in China inevitably cause significant impacts elsewhere in the world.
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