Last week, the White House announced a 100% Section 232 tariff on large drones and critical components, citing their dual-use applications. The duties are set to take effect on September 3.
The 2016 Global Medical Trends Survey draws on responses from 174 leading medical insurers, of which 45% are from Asia Pacific. The survey results show the cost of health care benefits is projected to increase by 7.9% in 2016. The increase is driven largely by higher cost of hospital and inpatient services, medical technology and providers overprescribing or recommending too many services.
A global study by Brunswick Insight finds that the younger generations look at the world tomorrow, and businesses today, with optimism.
Regulators are actively setting the groundwork for implementation of China’s Cybersecurity Law, releasing a series of industry development plans that seek to bolster the enforcement of this sweeping legislation.
During the annual Two Sessions meetings last weekend, China’s political leaders announced their economic growth targets for 2017. Given the deliberately crafted nature of the Work Report, slight changes in the way the government presents issues can signal shifts in policies and priorities. While China’s 2017 GDP target appears a logical continuation of recent growth objectives at first glance, its careful wording delicately recalibrates expectations of the economy’s performance for the coming years.
Many American companies have realized the potential of the $400 billion China market. While some have failed to expand their businesses into China, others have succeeded and reaped the significant rewards that China’s consumer base offers, which has grown to over 300 million according to the Oxford Economics study on US jobs and trade with China. Airbnb and Yum Brands, the parent company of KFC, have successfully adopted measures to align their business practices with Chinese markets. Analyzing their methods can identify some best practices for American businesses seeking to enter the China market.
