China Market Intelligence

November 30th, 2022
By Felix Li

On November 11, the State Council Joint Prevention and Control Mechanism issued a notice to adjust its COVID-19 prevention and control measures (20 Measures), an announcement made amid an uptick in daily cases across the country. The newly updated protocol outlines several major changes which aim to slightly relax inbound travel restrictions and mass PCR testing, indicating that the government is aware of the difficulty of sustaining a stringent COVID-19 prevention effort indefinitely.  

November 30th, 2022
By Annie Whitehurst

On October 28, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) released the 2022 Catalog of Industries Encouraged for Foreign Investment. The catalog is a tool to incentivize continued foreign investment in desired industries, and previous editions provided constructive guidelines for foreign-invested enterprises making investment decisions in China. Industrial companies also leverage the annual revision process to the catalog to extract...

November 30th, 2022
By Lance Yau

The recently concluded 27th Conference of the Parties of the UN Framework Convention on Climate Change (UNFCC), more commonly known as COP27, saw mixed results. There was a new consensus that wealthier countries should assist with the loss and damages inflicted by climate change in less developed countries, but there was no agreement on how carbon emissions should be specifically addressed. Although representatives were able to hash out agreement on the broad outlines of a climate fund,...

November 16th, 2022
By Jack Kamensky

Business travel to China has become somewhat easier than in the early days of the pandemic. That said, it remains far more complex, costly, and unpredictable compared to pre-pandemic travel. Travel hurdles include flight booking: Direct flight routes from the United States to China are extremely limited. Until very recently, flights were also subject to cancelation at any time. As a result, ticket prices are many times higher than prior to the pandemic. Visa application: The requirements and...

November 16th, 2022
By Zach Tomatz

The United States’ announcement of export controls on China’s semiconductor manufacturing and advanced computing sector last month represents the latest in a series of US efforts to maintain as wide a lead as possible over China, a national security imperative in the eyes of the Biden administration. Industry representatives in China have issued statements opposing the controls, which threaten to choke off China's access to advanced chips, software, and other commercial activities that are...

November 16th, 2022
By John Clark

US-China bilateral trade in goods remained strong overall between July and September of this year. The result was an 11.4 percent increase in trade over 2021 and an 8.2 percent increase compared to the previous quarter, during which Shanghai—China’s largest financial center—experienced widespread lockdowns. Bilateral trade appears to have peaked within Q3, however, with the US data for September showing a slight decline in both exports and imports. Declining shipping rates and preliminary...

November 15th, 2022
By Craig Allen

My first time coming to Shanghai was in 1988. Since then, with each successive visit, the city I’ve experienced changes dramatically. This visit was no different. Uncertainty created by COVID-19 controls pervades every aspect of daily life on the ground, but the dynamism of China’s market is still visible. After my release from quarantine and subsequent conversations with many members, I heard frequent expressions of optimism about long-term prospects in China; and in engagement after...

November 2nd, 2022
By Grace Faerber and Joseph Rafshoon

The National Defense Authorization Act (NDAA), the annual must-pass legislation authorizing funds for US defense purposes, has become a vehicle to push through China-related policy priorities in recent years. While the NDAA for fiscal year 2023 is unlikely to be finalized until December, the House has already put forward several China-related provisions in its version of the bill, and the Senate is considering several China-related amendments to the version approved by the Senate Armed...

November 2nd, 2022
By John Clark

Over the past three years, companies shipping goods between the United States and China have faced lockdown-related disruptions in China, a labor shortage in the United States, and a worldwide shipping container shortage. While decreased demand, a shift in ocean shipping traffic, and increased air cargo capacity are helping to alleviate some of the challenges, there is still a looming threat of costs and transit times going back up. 

November 2nd, 2022
By Grace Faerber

The Uyghur Forced Labor Prevention Act (UFLPA) went into effect on June 21, six months after it was passed with broad bipartisan support. The law has been implemented and enforced by the interagency Forced Labor Enforcement Task Force (FLETF) and Customs and Border Protection (CBP) over the past four months. USCBC has actively engaged with the administration throughout the implementation process to highlight the importance of cooperation with industry stakeholders. 

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