Foreign law firms have played a crucial role in China’s economic transformation.
As the country began its long process of reform over four decades ago, these firms helped foreign investors enter the Chinese market, providing the country with much-needed capital and expertise.
But now, as trade tensions are reshaping the global trading landscape, China’s legal business is changing too — fewer U.S. firms helping their compatriots enter China, more Southeast Asian offices guiding Chinese investment in their region.
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