
Mingyue Li (Nico)
Manager, Government Affairs and Business Advisory Services
Manager, Government Affairs and Business Advisory Services
Nico is the Government Affairs and Business Advisory Services Manager at the Beijing Office. Prior to this position, she worked as the Events, Administration and Business Advisory Services Manager in Beijing for two years and, before that, interned at the Washington, DC office for one year and a half. She holds a BA in Social Anthropology from the London School of Economics and Political Science and a master’s degree in International Affairs from the Elliott School of International Affairs at George Washington University. She is fluent in Mandarin Chinese, English, and speaks intermediate German.
Over the past month, US-China trade tensions have escalated to unsustainable heights. In response to new US tariffs, China imposed a 125% tariff on all US imports, noting that it will not engage in any further tariff increases as part of a “numbers game.”
Senior Chinese policymakers are once again signaling their embrace of the foreign business community with a new action plan for boosting foreign investment in China. The plan marks a focused government effort to incentivize more foreign participation in the China market and identifies a range of investment opportunities in mostly services sectors.
Late last year, China’s State Administration for Market Regulation (SAMR) released a draft implementation plan for the Regulations on Fair Competition Review (RFCR)—a regulatory overhaul reflecting a decade-long push to ensure that government policies are non-discriminatory and comply with fair competition principles.
Amid an economic downturn and growing pressure to restore foreign investor confidence, China’s Ministry of Finance (MOF) recently published a draft definition of “domestic products” for government procurement. The move aims to establish a nationwide standard. However, its effectiveness in resolving longstanding issues facing the business community in this area remains to be seen.
International travelers are returning to China. In Q1 2024, there was a 305 percent year-on-year increase in foreign national inflows—a trend spurred by loosened entry restrictions and efforts to boost the economy since the Chinese government lifted its zero-COVID policy in late 2022.