From the first issue in 1974 and well into the 2010s, the China Business Review was an indispensable resource for businesses, researchers, and policymakers who needed a first-hand account of the challenges and the tremendous opportunities posed by the China market.
Arguably, no hire is more important today than chief information security officer. If that seems like an overstatement, then ask the board of directors of Target, Sony Pictures, Home Depot, J.P. Morgan, or any one of the long list of organizations whose corporate data stores have been breached recently. They are the ones who still have to deal with reputational wreckage, loss of customers’ trust, financial losses, and all the other consequences cyberattacks bring.
President Obama, accompanied by Secretary Kerry, met with world leaders in Hangzhou, China for the G20 Summit last week. Obama’s trip included a bilateral summit meeting with President Xi Jinping, which is the eighth and likely final time the two leaders will meet. USCBC is analyzing the outcomes from the meeting and will have additional content soon.
Advances in mobile technology and app development have given rise to a new business model that has profoundly affected the transportation, ecommerce, and lodging industries. The sharing economy refers to third-party online service providers that help businesses and individuals turn excess supply into revenue by linking them to consumers via online platforms. With high levels of mobile use and a rapidly expanding consumer class, China has been quick to adapt to the sharing economy, presenting tremendous opportunities for those who embrace new technology and business models.
Aleris Corp, a Cleveland-based aluminum rolled products producer, announced its purchase by Zhongwang USA LLC on Monday. At $2.33 billion dollars, this is the United States’ largest overseas purchase of a metals processor.
The Barack Obama-Xi Jinping presidential bilateral meeting, slated for September 3 according to Chinese sources, will be the penultimate chance for the two leaders to meet during the Obama administration. Accompanied by Treasury Secretary Jack Lew and US Trade Representative Michael Froman, Obama is expected to discuss key issues in the US-China trade relationship with his Chinese counterpart before the G20 Summit.
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The US-China Business Council has released the key findings of its 2016 annual member survey. For the past 11 years, USCBC has polled its members on their business performance in China and their priority issues.
Rick Doten, Chief of Cyber and Information Security at the Crumpton Group, answers questions about cybersecurity best practices for executives traveling to China. Doten states that executives must be aware that all communications will be monitored when they are in China, and makes suggestions for avoiding common mistakes and dealing with hacks if they do occur.
The China Certification of Information Security (CCIS) mark is required for all information security products used by the Chinese state agencies, and is voluntary for other information security products. China Compulsory Certification, or CCC, is required for many international products looking to enter the Chinese market; other factors, such as local requirements and potential uses of the device, could add the CCIS requirement, even for products not intended for government procurement.
New standards for the clinical and regulatory approval of foreign drugs and treatments in China’s pharmaceutical market are clouding revenue projections for multinational drugmakers, but they also represent an opportunity. A closer look at the regulatory challenges multinational pharmaceutical companies face can better position MNCs for long-term success in China’s fast-growing market for pharmaceuticals.
