China Market Intelligence

March 22nd, 2017
By Jake Laband and Ziyang Yin

A small number of investment openings are expected as part of a revised list of sectors open to foreign investment, National Development and Reform Commission (NDRC) representatives told a group of US-China Business Council (USCBC) member companies during a recent meeting. The list is expected in the first half of 2017.

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March 22nd, 2017
By David Solomon, Josie Cai, and Owen Haacke

Facing ongoing pollution challenges and a push to diversify energy sources, China’s energy planners kicked off 2017 by announcing an array of 13th Five-Year Plans (13FYPs). Offering quantifiable short-term goals for limiting reliance on coal in favor of oil and gas, these plans collectively focus on emissions cuts, renewable energy development, and improved energy industry efficiency, while encouraging...

March 22nd, 2017
By Nick Marro and Jake Parker

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.

 

Industry...

March 22nd, 2017
Maryan Escarfullett

China’s asset management industry has quadrupled in the past two years to $15 trillion, according to Caixin media and the Asset Management Association of China (AMAC). China’s central regulators are alarmed by the growing  risks in China’s new asset management products (AMP) as a result of the industry’s rapid expansion. Banks, trusts and private lenders regulated by opposing government agencies are using AMPs...

March 15th, 2017
USCBC staff

China’s annual legislative congress concluded Wednesday with a pointed warning from China’s premier: the stakes of a trade war with China are high and US companies will be the first casualty.  Premier Li Keqiang’s remarks cap two weeks of National People’s Congress (NPC) meetings that largely reaffirmed existing priorities and emphasized economic and social stability in advance of China’s Communist Party...

March 8th, 2017
by USCBC staff

US-China Business Council (USCBC) President John Frisbie recently traveled to Beijing and Shanghai for a weeklong visit to encourage senior Chinese officials to move forward with implementing meaningful openings that will send a strong signal to foreign investors that economic reform will continue. Frisbie encouraged regulators to address the stagnating reform effort to counter business community frustration...

March 8th, 2017
by USCBC staff

The US-China Business Council (USCBC) released a statement of priority actions needed to continue strengthening the mutually beneficial commercial relationship between the United States and China. This sixth priorities statement issued by USCBC’s board of directors focuses on the efforts of both governments on the top priorities for American companies that conduct business with China.

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March 8th, 2017
By Patrick Lozada

China Central Television (CCTV) is preparing to host its annual 315 Evening Gala in recognition of World Consumer Rights Day. The popular TV broadcast, so named because of the holiday’s date—March 15—promotes consumer rights and names companies the network says violate those rights. Targeted companies in the past have included multinational firms accused of issues ranging from counterfeiting and negligence to...

March 8th, 2017
By Jake Laband

China’s Premier Li Keqiang stated in his annual government work report that the country’s GDP growth target for 2017 would be “around 6.5 percent,” a decrease from last year’s “6.5 percent to 7 percent.” The report, traditionally delivered in the opening days of the National People’s Congress each spring, reviews progress of the previous year, and sets out the framework for economic policy in the coming year...

March 2nd, 2017
Jake Laband

Companies have a new channel to resolve delays in current account transactions such as receiving payments from domestic customers, payment of dividends or royalties, and even routine trade payments, according to a People’s Bank of China (PBOC) statement issued February 28. PBOC officials indicated that the announcement was made in response to a US-China Business Council (USCBC) delegation meeting with PBOC...

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