For the global corporate legal market chinas period of exponential growth continues to represent massive opportunity in 2017 china benefited from just over 168000m inward direct foreign investment and in turn made 102000m outward direct foreign investment. Legal market overview in china in december 2019 reports started emerging of a novel disease outbreak in the chinese city of wuhan a month later the government notified the world health organisation and soon after the entire country faced quarantines and restrictions on domestic travel over the course of the next few months what would . The legal market in the china is evolving rapidly said li steven wang head of the corporate segment for asia emerging markets at thomson reuters adding that the adoption of the us european model of law firms as private and commercial businesses is a relatively recent development in china but because the china legal market is only about 40 years old one might assume it lags . In its accession to the wto in 2001 china allowed certain access to its legal services market but on the core issue of domestic law practice china has made no commitments to allowing foreign law firms provide advisory or representation services in this regard china only allows foreign law firms to provide information on the impact of the chinese legal environment. Professionals and help expand employment opportunities in chinas legal services market uscbc recommends allowing lawyers with chinese licenses the ability to retain their licenses when joining foreign firms thus contributing to the development of chinas legal industry by keeping qualified lawyers fully participating in and contributing to the advancement of the legal system
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