The U.S. District Court for the Southern District of New York has held that the whistleblower protection provisions of the Dodd-Frank Act do not apply outside the United States, even where the employee alleged he was terminated for raising compliance concerns under U.S. international law. Specifically, the court found that Dodd-Frank did not protect an employee of Siemens in China who alleged he was terminated in retaliation for raising compliance concerns under the U.S. Foreign Corrupt Practices Act (FCPA).
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BEIJING (AP) – China’s leaders pledged Friday to open state-dominated industries wider to private competition and ease limits on foreign investment in e-commerce and other businesses in a sweeping reform plan aimed at rejuvenating a slowing economy.The changes promised in a report issued following a closely watched Communist Party conference could be China’s most significant economic overhaul in at least two decades. State media have compared the effort to market-style reforms in 1978 that launched China’s economic boom. [
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BEIJING, Nov. 15 (Xinhua) — China will abolish the “reeducation through labor” system as part of a major effort to protect human rights, said a key policy document of the Communist Party of China (CPC) published Friday.The decision, approved by the Third Plenary Session of the 18th CPC Central Committee on Tuesday, was seen as a detailed reform plan for China in the coming decades.The controversial correction system, commonly known as “Laojiao,” began in the 1950s. The program usually takes in minor offenders whose offence is not severe enough to take them to court. [
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According to a recently published report of the U.S. Congressional Research Service, the United States and the People’s Republic of China (‘China’) expanded economic ties substantially over the past three decades. Total U.S.-China trade rose from $5 billion in 1981 to $503 billion in 2012.i China is currently the United States’ second-largest trading partner and third-largest export market.ii The mutually beneficial trade relationship between China and the United States is growing increasingly complex due to the rapid pace of economic integration. [
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