China Market Intelligence

August 21st, 2019
By Jake Parker
China remains a priority market for the majority of US companies with strong revenue and profitability growth in 2019. Deteriorating US-China relations and an unlevel competitive environment are leading to moderating optimism about foreign companies' ability to fully participate in China’s future growth and development. 

While China continues to be a priority market for most of the companies surveyed in the US-China Business Council’s (USCBC) forthcoming 2019 Member Survey, market optimism...

August 21st, 2019
By Chris Miller
USCBC recently submitted comments on SAMR’s upcoming blacklist. The measures detail what qualifies as “dishonest or untrustworthy behavior” by companies, as well as respective punishments. Member companies with operations touching on ecommerce, biomedical products, or products associated with consumer safety concerns could be affected.

Earlier this month, USCBC submitted comments on the draft Administrative Measures for Lists of Parties with Seriously Illegal and Dishonest Acts via the...

August 21st, 2019
By Vivian Zhu

Brunswick Group conducted a survey to assess the impact of US-China trade tensions on consumers in the United States and China. As a result of the trade war, Brunswick finds that Chinese consumers are changing their spending habits to avoid buying American products and US companies are seen as less favorable. Despite worsening consumer opinion overall, both American and Chinese consumers support bilateral trade and remain optimistic that a trade deal can be made.

Key findings

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August 7th, 2019
By Jake Parker

On Monday, August 5, the Treasury Department officially labeled China a currency manipulator. Though frequently threatened in political election cycles, this is the first time the designation has been imposed since China, South Korea, and Taiwan were cited in 1994 by the Clinton administration. The designation is mostly symbolic, as many of the actions taken by the Trump administration to date, such as implementation of tariffs, go beyond the remediation actions enumerated in US law.

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August 7th, 2019
By Chris Miller and Owen Haacke
China’s latest national-level law enforcement campaign has led to ramped-up policing and changes in law enforcement strategy according to USCBC member company experts. Maintaining legal compliance, particularly with regard to taxation and accounting, greatly reduces the risk of raids and/ or travel bans. Employees traveling to or based in China should be aware of additional risks prior to travel.

In July of last year, several arms of China's government released the first in a series of...

August 7th, 2019
By Angela Deng
Most of the openings are unlikely to have a significant impact on foreign companies. While some of the opening measures repeat previous promises, it is unclear if the announcements signal China’s intention to make significant movements in these areas. Whether real openings are achieved depends on the details of implementing regulations, if any will be released.

On July 20, China announced 11 opening measures for its financial services industry. While they have been portrayed in the media as...

August 7th, 2019
By Antonio Douglas
Foreign companies are struggling to navigate China’s data regime. Best practices are hard to establish in the uncertain regulatory environment. USCBC member companies are concerned about the increased cybersecurity risk associated with data localization.

To understand how American companies are dealing with the challenges presented by China’s data regime, the US-China Business Council (USCBC) conducted a series of interviews with multinational enterprises across the automotive, financial...

August 7th, 2019
By USCBC Staff

On July 31, US-China Business Council (USCBC) President Craig Allen testified before the US-China Economic Security Review Commission (USCC) on US companies’ access, risks, and opportunities in China’s health market. His testimony was part of a full day of hearings titled “Exploring the Growing US Reliance on China’s Biotech and Pharmaceutical Products.”

USCC was created to monitor and investigate the national security implications of the bilateral trade and economic relationship, and...

July 24th, 2019
By Hanchen Zheng and Angela Deng
Certain features of the system, such as platforms for sharing company data and publicizing company records online, have already been put in place. Major details are still being sorted out at the local government level through pilot systems and trial measures. Industry regulators have issued broad guidelines on how companies in their sectors will be evaluated and rated, and a few local governments have fleshed out thorough credit rating systems for specific industries.

China is still far...

July 24th, 2019
By Jack Kamensky
The shortage of qualified hazardous waste disposal vendors has sent prices skyrocketing, making it difficult for companies to find affordable waste disposal solutions. While regulations on the transportation and storage of hazardous waste pose hurdles for industry, illegal dumping and dangerous stockpiling are serious challenges for regulators. To mitigate disposal challenges, companies can conduct thorough due diligence when selecting operating sites and waste disposal vendors, optimize...

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