If you mean to do business in China, or if you have been doing so, after this episode, please correct me if you can.Let’s start from the most recent case.On November 3rd, 2023 (yeah, it occurred just last week) a financial company in Shanghai took a steel manufacturer in Jiangsu into the court under Jiangsu jurisdiction, and sued it for 10 billion RMB compensation. And the reason? The company in Shanghai found heavy pollution on the land brought from the manufacturer in 2016. Sounds simple, right?What makes this case interesting is that: first, 10 billion, it’s the largest lawsuit since the establishment of PRC in 1949; second, the plaintiff and defendant of this case are both state-owned enterprise, and more, the company in Shanghai is in charge of the core financial centre called Lujiazui, and it sued,along side the steel manufacturer, other 4 environmental investigation centres in Jiangsu provinceSo basically, you can regard it as a lawsuit between two neighbour provinces. Or in Chinese communist jargon, it’s a case between one unit against another five units, which is rare. Because they’re from the same family in the eyes of Chinese people and taking it into court is something that’s just never happened before. If you don’t understand what I’m saying. That means you’re taking it as a business affair.Let’s think into the box. Imagine you’re sitting in the office of this Jiangsu steel manufacturer as a secretary, and the following would be the conversation you have with your leader ( yeah we Chinese call the boss leader, and there’s a reason for it, I let you some time to think)

Ver todos los episodios