Image: Kai Stachowiak, Background Wallpaper, Publicdomainpictures.net
The global legal services market has been predicted to grow to USD 1,311.63 billion by 2031, with the fastest-growing regions being South America, the Middle East, Africa, and Eastern Europe and it is estimated that their compound annual growth rates will range from 11.1% to 8.9%. What are the implications of these predictions for lawyers and rule-of-law developments in China?
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Right image: Peter Gudella/Shutterstock.com
The worsening food crisis around the world has made the China–Laos Railway, which opened in December 2021, even more important to China. Has China taken steps to help Laos so that the latter can manage related legal risks better? From China’s perspective, helping Laos maximize its benefits from this USD 6 billion railway project while minimizing the risks involved will strengthen the two countries’ relations and bode well for China’s presence in that region.