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Since the adoption of an 'open-door' economic policy in 1978, foreign trade with the People's Republic of China has increased dramatically. At the same time, 'new' forms of economic activity, such as compensation trade, licensing, co-operative production and equity joint ventures have become possible for the first time. In order to regulate the nation's expanded and increasingly complex business activity, the Chinese government has, during the past few years, promulgated scores of new laws relating to business transactions involving foreigners; many others are now being drafted. This book, now extensively revised and updated in a second edition, provides an introduction to the legal framework currently being developed in China with respect to foreign commerical and investment activity. The eighteen chapters in the volume, each written by a lawyer with practical experience in China trade, deal with such matters as customs regulations, taxation, representative offices, leasing, the transfer of technology, foreign investment, contracts, banking, dispute settlement, the framework of law in the special investment zones and in offshore oil production, China's environmental law and patent law, trade marks, sovereign immunity and the foreign regulation of trade with China. In addition, the book includes a valuable appendix containing a list of China's most important foreign economic legislation.

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