A dealmaking slowdown is making it harder for international firms to justify their presence in a once vital market.
Police officers patrol past visitors seeking information at a special exhibition of legal services during the China International Fair for Trade in Services (CIFTIS) in Beijing, September 1, 2022. Credit: Andy Wong via AP Photos
For foreign law firms in China, 2023 was supposed to be a comeback year, with the post-Covid reopening generating a rebound in deal making — and a resurgence in fee income.
Things could hardly have turned out more differently. Lawyers say that China’s economic slowdown and chilly political winds have helped make the Chinese market a performance laggard for international law firms’ capital markets practices this year.
Even if China’s economy rebounds soon, some practitioners b
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
The former Biden official and China scholar makes the case for the previous administration's approach and discusses why Beijing is content to watch the U.S. now dismantle its sources of strength
Navigate China's Business Landscape with Confidence.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
