China Market Intelligence

May 18th, 2022
By Erin Slawson and Gillea Benitez

From May 15 to May 16, leaders from the United States and European Union gathered in Paris for the US-EU Trade and Technology Council (TTC) meeting. Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, and US Trade Representative Katherine Tai attended the meeting, where they discussed a set of next steps on export controls, investment screening, non-tariff barriers, sanctions, and supply chain vulnerabilities mitigation. The TTC was created last September as a platform to...

May 18th, 2022
By Zinan Yan and Banny Wang

On May 6, the National People’s Congress Standing Committee (NPCSC) released its Legislative Plan for 2022. This year’s plan, which includes 39 review items, signals the government’s law-making priorities for the rest of the year. This year, the plan includes numerous actions that the government hopes will stimulate market vitality, contribute to economic security, and strengthen legislation for environmental protection, social welfare, women’s rights, and public health. The full plan is...

May 18th, 2022
By John Clark and Ben Hu

A number of major, nonseasonal events impacted trade in Q1. Worldwide trade was impacted by inflation and a weak economic recovery in many countries, as well as by Russia’s ongoing war in Ukraine. These events led to higher commodity prices in addition to labor, logistical, and compliance challenges for shipping companies. Looking specifically at US-China trade, trade flows were impacted by inflation in the United States, decreased consumer demand for imports, and the beginning of the...

May 4th, 2022
By Annie Whitehurst

China’s COVID-19 outbreak has disrupted international supply chains and reduced expectations for domestic consumption–driven growth. As a result, many investment banks have reduced China’s annual growth rate forecast, which China had set at 5.5 percent during its annual legislative meetings in March. Now, some firms are estimating China’s growth rate to reach anywhere between 3.9 to 5.1 percent. While China’s growth in the first quarter of 2022 reached 4.8 percent, total retail sales of...

May 4th, 2022
By Zach Tomatz

On April 27, President Xi Jinping presided over a meeting of the Central Commission for Financial and Economic Affairs (CCFEA), China’s top economic policymaking body under the party. This session emphasized the need for additional infrastructure development. Investment in infrastructure and construction are long-favored tools of China’s economic planners and will be employed in an effort to meet the 5.5 percent annual GDP growth target and boost consumption. Statistics from early 2022...

May 4th, 2022
By Jake Perlmutter

Over the next several months, voters in every state will choose nominees from their respective political parties to run for Senate and House seats in the November general elections. With campaigns already well underway, candidates across the country and political spectrum have spoken extensively on the US-China relationship. While domestic politics are the primary driver for candidates’ popularity among voters, China is among the most prominent foreign policy issues on the campaign trail. In...

April 25th, 2022
By USCBC Staff

In response to the significant disruptions caused by ongoing operational shutdowns in China, widespread lockdowns, and travel and logistics bottlenecks caused largely by the Shanghai COVID-19 outbreak, the US-China Business Council sent a letter to a cross-section of Chinese government stakeholders on April 19. The letter, which was based on extensive benchmarking with members, covered the major challenges our companies are facing, from policy uncertainty to mobility and logistics challenges...

April 20th, 2022
By Jackson Nemeth and Zach Tomatz

Against the backdrop of a potentially serious economic downturn due to COVID-19 city lockdowns, China’s Central Committee and State Council jointly released the Opinions on Accelerating the Construction of a Unified National Market. The opinions, which were released earlier this month, call for a dynamic, efficient, and regulated, domestic market based on fair competition. The plan echoes recent moves by the Chinese government to expand and emphasize control across economic sectors, such as...

April 20th, 2022
By Gillea Benitez

On December 23, 2021, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act (UFLPA) to strengthen the prohibition of forced labor in any goods, wares, articles, and merchandise mined, produced, or manufactured wholly or in part in China’s Xinjiang province. While Section 307 of the Tariff Act of 1930 already prohibits imports of products made with forced labor, the UFLPA increases the evidentiary standard for importers through its rebuttable presumption that deems all...

April 20th, 2022
By Melinda Xu

China is currently experiencing its largest COVID-19 outbreak since 2020. While multiple cities across the country are dealing with escalating cases, Shanghai is the current hotbed for new infections, and the city has been virtually shut down for roughly two weeks. The situation remains grim and it is getting harder to tell when widespread lockdowns will end. Public unrest has grown, and supply chain complications are mounting as the restrictive pandemic control measures continue.

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Congressional Legislative Tracker

The USCBC Government Affairs team continuously monitors China-related bills and broader legislative trends spanning a variety of issue areas, including trade and investment, national security, telecommunications, and human rights.

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