China is growing into its role as a major economic power, and the competition regulators are stepping up to the plate.

The GSK investigation in China has understandably attracted media attention, both in China and internationally.

The MOU was a first step toward resolving an impasse regarding oversight by the PCAOB of auditors of Chinese US-listed companies.

Recent rules promulgated by the state and local tax administrations in China pave the way for exempting cross-border services from value added tax.

In late December, several changes were made to the Company Law.

The Ministry of Commerce and its Anti-Monopoly Bureau have streamlined filing requirements for concentrations of undertakings that are found to be "simple cases".

An administrative law judge handed down his decision in connection with the SEC's on-going efforts to obtain audit working papers from the Big Four accounting firms.

The New Measures come into effect on May 8, 2014, and signal a fresh streamlined approach that should simplify outbound investments.