China Market Intelligence

January 22nd, 2020
By Antonio Douglas
Nearly three years after the Cybersecurity Law went into effect, regulatory clarity remains elusive, including around the MLPS 2.0.  Most companies are taking a wait-and-see approach until key concepts are defined in more detail.

New standards updating China’s cybersecurity Multi-Level Protection Scheme (MLPS), went into effect December 1, officially ushering in the MLPS 2.0 era with an expanded scope. To better understand how the MLPS 2.0 framework is impacting foreign businesses, USCBC...

January 22nd, 2020
By Pearson Goodman and Jake Parker
The agreement includes considerable positive developments on issues concerning financial services, agriculture, and intellectual property. China also committed to major purchases of US goods above 2017 levels. The dispute resolution mechanism aims to ensure faithful implementation.

After years of negotiations and months of speculation about its content, US and Chinese negotiators signed and released the Phase One trade agreement on January 15. The complete text of the agreement is available...

January 22nd, 2020
By Angela Deng
These openings will occur in China’s asset management, insurance, banking, credit rating, and futures industries. Financial liberalization will come in the form of not only expected approval of pending licenses but also acceleration of implementation of structural reforms and relaxation of regulatory requirements that are in line with China’s domestic interests.

The pace of financial openings in China is expected to accelerate this year, driven not only by the conclusion of the US-China...

January 15th, 2020
USCBC Staff

 

The US-China Business Council congratulates US and Chinese negotiators for the signing of a Phase One trade agreement on January 15. The full text is available here.

We are hopeful that Phase One will serve as a stable foundation for building a stronger, more prosperous US-China relationship. Our initial analysis of the most impactful commitments for our member companies is below.

USCBC is also soliciting comments from members on what you would like to see...

January 8th, 2020
By Jake Parker
China’s 2020 GDP will grow no slower than 6 percent to double China’s per-capita GDP from 2010 to 2020. Likely economic policy actions include tax cuts, reserve ratio requirement cuts, moderate investment increases, and fee reductions. Any potential US-China flare up will not affect 2020 growth numbers because of the Chinese economy’s diminishing reliance on exports. 

Humming along between 6 to 6.5 percent, China’s 2019 gross domestic product (GDP) growth numbers remain a driver of global...

January 8th, 2020
By Yan Yu and Angela Deng
The last session of the National People’s Congress Standing Committee in 2019 passed a revised Securities Law and introduced drafts for a unified Civil Code and an overarching Export Control Law. Both of the draft laws, if passed during the “Two Sessions” in early March, would have implications for US businesses in the China market.

At the National People’s Congress (NPC) Standing Committee meeting, which concluded on December 28, China moved forward with several pieces of legislation that...

January 8th, 2020
By USCBC Staff
The plan seeks to smooth over longtime burdens for business, including visas, office relocation, and procurement. It also confirms that Shanghai will build upon its local social credit pilot programs.

While the official “3.0 Shanghai Business Environment Reform” plan does not yet have a set release date, on January 2, the Shanghai municipal government shared the plan’s intended content, and media outlets have since released their own reports on what it might entail. In a recent roundtable...

January 5th, 2020
USCBC Staff

On January 2, China’s State Administration for Market Regulation (SAMR) released a long-awaited draft revision of the Anti-Monopoly Law (AML), open for public comment until January 31, 2020. This is the first official draft that China has released for public consultation since the AML first came into effect on August 1, 2008, though it was mentioned in the 2018 legislative plan of the 13th National People’s Congress Standing Committee.

USCBC is considering submitting comments on...

January 2nd, 2020
By USCBC Staff

The final implementing regulations were released on December 31 and came into effect on January 1, marking the last major step of implementing China’s Foreign Investment Law (FIL) passed in March last year. Supporting documents to the implementing regulations also came into effect on January 1. 

The final regulations reflect several suggestions USCBC advocated for in our comment letter on the previous draft. It features strengthened commitments to provide equal treatment to foreign...

January 2nd, 2020
By USCBC Staff

On December 28, the National People’s Congress released its draft Export Control Law, open for public comment until January 26. The draft law updates the 2017 version released by the Ministry of Commerce and aims to establish a unified regulatory system for export controls.
 
USCBC is considering submitting comments on behalf of members should we receive substantial feedback. Interested members should send feedback to Yan Yu by January 13.
 

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