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More US Law Firms Ditch Shanghai as Business Slumps – FT

More US Law Firms Ditch Shanghai as Business Slumps – FT
More US law firms have left or are about to leave Shanghai, as business activity between the world's top economies continues to drop

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Several major US law firms have announced the closure of their offices in Shanghai, with others shutting down in Beijing. This comes as mergers and acquisitions in China are at their lowest in 12 years, and domestic equity market activity is at its lowest level since 2009. The exodus of Western businesses has been noted by foreign chambers of commerce, while Chinese companies are increasingly looking to expand abroad. The full report can be found in the Financial Times.

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