It's 21st century reality: deals, unimaginable not that long ago, between US and Chinese businesses; surging quantities of Chinese-made consumer goods on US retailers' shelves; and increasing competition of oil and gas resources. The People's Republic of China isn't a "future major player" in the global economy—it's already in the game. And many US law firms see a potentially fertile market in this new powerhouse.

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Reprinted with permission from November/December 2005 edition of Law Firm Inc. © 2005 ALM Properties, Inc. All rights reserved. Further duplication without permission is prohibited.

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