What to Expect in 2023
Practical Law China
What to Expect in 2023
Practical Law China
In a recent article published by Practical Law China, Paul McKenzie shared his thoughts on the trends for Foreign Investment and Trade in the new year that, “We are all suffering collective whiplash after the abrupt end to not only COVID-zero but to virtually all COVID controls, and what appears to be a much more business-friendly tone from government. Global PE funds already seem to be responding favourably and 2023 is likely to see a resurgence of inbound investment. But even as regulators introduce measures to attract new investment, regulatory complexity will remain a strong theme for the year, such as with more active enforcement of PIPL and other data security and privacy rules. National security scrutiny of cross-border investments will continue in China and elsewhere, but we will probably see new interest among SOEs and private companies in China in overseas assets and a more active outbound market.”
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