Posted on May 30, 2013 at 7:05 PM
Beijing is home to many important players in the international legal and financial scene. It houses many governmental agencies and most importantly, many state-owned enterprises making it a hot spot for many new law firms. We see this trend in many other major law firms because within the first had of 2013 Ashurt, Gibson Dunn & Crutcher and Stephenson Harwood have received the go ahead for their Beijing expansion.
In addition to being the governmental center of Greater China, Beijing offers an escape from the crowded and pricy districts in Hong Kong and Shanghai. Even though all of China is in a housing bubble, Beijing has done the most to try and pop the housing bubble by placing a new tax on the housing sector. Beijing's rapid growth and ever expanding market has proven skeptics wrong and reinforced notions that China is a stable and extensive market that has a lot more growing to do.
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