China Market Intelligence

April 27th, 2016
Chenjun Ye and Nick Marro

China captured headlines in 2010 when its GDP surpassed Japan’s, creating a shift in the world economic hierarchy for the first time in 40 years. However, that same year, China began showing signs that its rapid growth rate was losing steam.

In 2015, China’s growth was again at the center of international headlines, but...

April 27th, 2016
Lipei Zhang and Jake Laband

The Beijing Intellectual Property Rights (IPR) Court added 20 judges at the end of 2015 to assist with its burgeoning caseload, US-China Business Council member companies learned during a recent visit to the court. Madam Zhang Xiaojin, the presiding judge of Trial Division II, told the delegation that the 45 judges on the Beijing court concluded 5,432 cases of the 9,179 cases it received in 2015.

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April 27th, 2016
Owen Haacke

China recently issued new rules that that offer mixed implications for foreign company qualification for innovation-related tax breaks. Eligibility criteria for a reduced corporate tax rate were tightened by stricter intellectual property (IP) requirements, but the scope of research and development (R&D) expenses that can be written off was loosened.

High- and New-Technology Enterprise (HNTE) IP and...
April 27th, 2016
Jake Laband

The State Administration of Taxation (SAT) recently requested that approximately 1,000 foreign and domestic companies provide a wide range of tax, financial, and accounting data, raising US-China Business Council (USCBC) member company concern about the intent and intrusiveness of the initiative. USCBC last week met with SAT to raise member concerns and seek clarification of key aspects of the request.

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April 13th, 2016
Erin Ennis

During President Xi Jinping’s recent Washington visit, China missed its self-imposed deadline to provide a revised offer for the US-China bilateral investment treaty (BIT) negotiations and has not set a new target date to do so. The next inflection point on the calendar is the US-China Strategic and Economic Dialogue, which will likely take place in June.

USCBC believes the missed deadline is a reflection of the ongoing political debate in China as to how much they...

April 13th, 2016
David Solomon

China’s recently released 13th Five-Year Plan (FYP) includes ambitious economic targets aimed to significantly reducing carbon emissions. These goals include increasing the nationwide use of non-fossil fuels by 15 percent, decreasing energy consumption per unit of GDP by 15 percent, and cutting PM2.5 levels by 18 percent, while continuing to advocate for existing national initiatives such as a new carbon trading platform and green tax. As China strives to address its environmental...

April 13th, 2016
Anna Ashton

China’s proposed revisions to the Anti-Unfair Competition Law (AUCL) create greater consistency between measures such as the Anti-Monopoly Law (AML), Advertising Law, and Trademark Law. The first major revision to the AUCL since its 1993 inception lays out new principles and provisions, targets conduct not currently regulated in other existing laws, and brings Chinese law closer to international legal standards. The March draft, which eliminates seven articles and adds nine new...

April 13th, 2016
Stephanie Henry

The US-China Business Council (USCBC) welcomed senior Chinese leaders this week to brief USCBC members on China’s competition scheme and the country’s national goals for the coming years. Visiting officials include top leaders from China’s Ministry of Finance (MOF), Ministry of Commerce (MOFCOM), National Development and Reform Commission (NDRC), and People’s Bank of China (PBOC).

NDRC Vice Chairman discusses China FYP

Vice Chairman of the NDRC Hu Zucai, pictured...

April 12th, 2016
USCBC Staff

On April 12th, the National Development and Reform Commission (NDRC) released the full Draft Market Access Negative List to be piloted in Tianjin, Shanghai, Fujian and Guangdong. Previous USCBC reporting noted that the draft contains 328 items, including 96 prohibited items and 232 restricted items, and will be retroactively implemented from January 1, 2016 until December 31, 2017.
 
As announced on the NDRC website, the list is divided into two categories – “prohibited,” and “...

April 12th, 2016
Zoe Sophos

On April 8, the National Development and Reform Commission (NDRC), in consultation with the Ministry of Commerce, released the Draft Market Access Negative List to be piloted in Tianjin, Shanghai, Fujian and Guangdong. The list catalogues sectors with restrictions on investment by foreign and domestic investors. Although the full negative list was not released, it contains 328 items, including 96 prohibited items and 232 restricted items.
 
The draft will retroactively be...

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