China Matters: 2009 Review
By Paul Hastings Professional
Compared to the exuberant celebrations at the Beijing Olympics in 2008, the mood of the Chinese government was decisively more calculated throughout 2009. Even though many around the world looked to China in 2009 to become a major distressed asset investor in light of the global financial crisis, it appears that the Chinese government stayed on course with its continual but measured liberalization of outbound and inbound investments and promotion of competition. In addition, the new regulations in 2009 sought to protect state assets and jobs, and to strategically manage the real estate market.