Asia Legal Business Online has reported that the recent stimulus package initiated by the Chinese government should provide..
a range of opportunities both to local and overseas firms operating in the PRC.
Asia Legal Business report:
China stimulus package "good news" for legal sector
China’s stimulus package is expected to increase legal work as the government injects investment in the country’s infrastructure, according to local lawyers.
In a bid to offset adverse effects from the global financial crisis, the Chinese government last week pledged US$570bn towards the country’s housing, infrastructure, water, electricity, and transportation sectors. Although it is unclear how the package will be implemented, it is designed to boost the domestic economy and expected to encourage trade relations between its Asian neighbours.
"It is good news," said Tom Chau, partner in global firm Herbert Smith’s Beijing office. "We expect to see an increase in deals as the government begins investing in the infrastructure sector. One would also expect that such investment will generate new opportunities in other related sectors such as logistics, construction and consulting. With these new opportunities, we expect that there will be an increase in the need for legal work."
You can read the full report at
http://asia.legalbusinessonline.com/news/breaking-news/30914/details.aspx
