Unofficial Translation of the Foreign Investment Law
China’s National People’s Congress finalized and passed its new Foreign Investment Law (FIL) on the last day of its session. While some improvements were made since a revised draft was released in December 2018, questions remain that will need to be worked out in implementing regulations. The law will take effect on January 1, 2020. Read an unofficial translation by the US-China Business Council here!
Read More
Report: Environmental Compliance for US Companies in China
Since China declared a “war on pollution” in 2014, environmental protection has become a top political priority, evidenced by tough regulations, enforcement campaigns, and an emphasis in official rhetoric. Stronger environmental enforcement has had mixed effects on US-China Business Council (USCBC) members. In many cases, it has helped level the playing field for foreign companies that already had strong pollution controls, since domestic companies are increasingly held to the same environmental standards as foreign companies. At the same time, the speed of regulatory change and sudden intensity of enforcement has increased costs and uncertainty throughout the supply chain.
Read More
China to Cut VAT Rates, Support Infrastructure Investment
In a report at the opening ceremony of China’s annual National People’s Congress (NPC) Tuesday, Premier Li Keqiang announced that China will reduce the value-added tax (VAT) rate in manufacturing, construction, and transportation and increase spending on infrastructure. The move will benefit both domestic and foreign businesses operating in China.
Read More

Recent Analysis