China Law Blog's guest writer Greg Anderson commented on the recent announcement on General Motors’ decision to move its international headquarters from Shanghai to Singapore. To answer the question, the writer asked why did GM move its headquarter to China back in 2004.

In hindsight, it seems GM became overly excited about China as Hu Jintao began to halt the reform momentum inherited from his predecessors (following Jiang Zemin’s retirement from the Central Military Commission in 2004). And now that Xi Jinping may be preparing to implement some big changes in China’s economy, GM is bailing out.