China is the third largest country in the world and is the world's most populous, with more than 1.35 billion people. Firmly committed to economic reform, China has experienced significant and rapid development since the opening-up of the economy in 1978. In 2010, China’s GDP surpassed Japan to be the second largest economy in the world. Major industries include mining and more processing, iron and steel, aluminum, coal, machinery, armaments, textiles and apparel, petroleum, cement, chemical, fertilizers, food processing, automobiles and other transportation equipment including rail cars and locomotives, ships, and aircraft; consumer products including footwear, toys, and electronics; telecommunications and information technology.
Lex Mundi provides coverage in China through its member firm, Jun He, a leading full-service law firm. The firm was one of the first private law firms established in the People’s Republic of China (“PRC”) and is now one of the largest PRC-based law firms with over 100 partners. The firm’s practice areas focus strongly on assisting foreign companies investing and doing business in China. Jun He’s clients are diverse and span many geographic regions and industries, including: banks; domestic and foreign government agencies; domestic enterprises; insurance companies; international organizations; investment banks; investment funds; and multinational companies. Over the years, the firm’s lawyers have served as PRC counsel in a number of landmark deals.