Those U.S.-educated Chinese trade lawyers who work for foreign law firms based in China can be considered "Chinese legal capacity" too, said Wang.
Beijing's main goal is to win, so it has hired seasoned foreign law firms to handle its major WTO cases thus far, and used Chinese lawyers to assist them, lawyers and scholars say.
Each year the newspaper approaches the legal affairs departments of companies and major law firms, including foreign firms, with a request to vote for two lawyers in each of certain practice areas whose performances during the year have made particularly important contributions to producing successes.
In my own industry, legal services, there were only a handful of foreign lawyers working for Chinese law firms back when I arrived in China in 1998.
But perhaps most importantly, China has now changed, says Jesse Chang of TransAsia Lawyers, a law firm that advises foreign firms.
The London Stock Exchange is headlining the law among reasons that foreign firms should list stock in the U.K. instead of the U.S. German carmaker Porsche AG and reinsurer Benfield Group are among those scared away by Sarbanes-Oxley from U.S. listings lately, meaning less business for local exchanges and fewer choices for investors.
Attempts in South Dakota or elsewhere to artificially limit the ability of companies and investors to transact with foreign firms according to their local law or custom is an unnecessary impediment to economic growth and common prosperity.
FORBES: South Dakota's Ill-Considered Attack On Islamic Financing
But, China continues to welcome and encourage foreign investment, and there are many accounting, law firms and other experts that can help navigate the bureaucracy.
In 2005, the government passed a controversial hydrocarbons law that imposed significantly higher royalties and required foreign firms then operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee.
Last week, the WTO upheld the EU's case against a 1916 law that allows American firms to sue for compensation from foreign rivals that sell below cost.
Victor Meijers, a Dutchman who is the only foreign global partner in DeHeng Law Offices, one of China's big law firms, says that he gets several inquiries a month from struggling European firms looking for a Chinese white knight.
ECONOMIST: Capital and companies from China are sidling into Europe
These days, many well established Chinese law firms in the major cities have an international department that includes a foreign-credentialed lawyer.
Last year, spooked by the idea of foreign sovereign-wealth funds and state-owned firms buying up vast tracts, the government resurrected a 1971 law limiting the amount of rural land foreigners can buy.
ECONOMIST: First they went for the currency, now for the land
应用推荐