According to China Business Law Journal, “The world’s economies are facing one of their most difficult periods since the global financial crisis, and China is unlikely to escape the consequences.” In “Surviving the Deluge,” legal experts, including Dennis Kwok, shared their opinions on how clients can draw on experience from damage control practice around the globe.”

“The great decoupling from the China supply chain has already begun,” Kwok said. “However, it is not easy for international companies to suddenly pull out completely from China.”

“General counsel of international companies should conduct an overall risk assessment to stress test their existing operations and legal obligations. In the long term, you will see the economic rise in other Southeast Asian countries as the Chinese economy continues to decline.”