Friday, 26 June, 2015

The Evolution: Trends from China for the Offshore Industry by Simon Filmer

China has experienced extraordinary growth over the last 20 years, becoming the second largest economy in the world. The Chinese government is adopting a new growth model and has launched a new wave of investment in public infrastructure, in order to stimulate the economy and pave the way for future growth. There is stronger enthusiasm for outbound investment, and Chinese companies are encouraged to invest overseas with support from the government. New laws have been issued, regulations and policy documents approved, with an extensive anti-corruption campaign being conducted simultaneously. 

The above has significant implications for the offshore industry in its dealings with China. In the article “The Evolution: Trends from China for the Offshore Industry”, Simon Filmer, Deputy Group Managing Director of OIL, examined some of the implications. 

The article was featured in the 5th China Annual China Offshore Company Formation Guide.