The legal framework governing business organisations in China: gaining an understanding of its general evolution
Xiaoyang Zhang (Associate Professor (Business Law), Lee Shau Kee School of Business & Administration, The Open University of Hong Kong) outlines an evolution in the legal framework governing business organisations in China. After gaining WTO membership in 2001, China began to perform a comprehensive overhaul of the existing laws and legal institutions, especially with respect to the economic field, with a view to forging a series of new institutional regimes in compliance with those essential international norms and practices which have been widely acknowledged and taken up around the globe. The author argues that, by following a step-by-step approach, a permissible range of adoptable business vehicles is systematically going back to normal as it is now seen.
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