China Market Intelligence

November 10th, 2017
By USCBC staff

Foreign investment restrictions in financial services are set to be relaxed and ultimately eliminated, according to statements from a senior Chinese government official in Beijing on Friday. The openings were linked to outcomes from President Donald Trump’s state visit this week, but the US government so far has been silent on outcomes other than deal signings associated with a trade mission.

The liberalizations were announced by Chinese Vice Minister of Finance Zhu...

November 9th, 2017
By USCBC staff

President Donald Trump delivered strong criticism of China’s trade policies during his first state visit to Beijing, but will depart China Friday with $250 billion in trade deals and investment commitments. Trump told Chinese President Xi Jinping that China will need to revise its unfair trade practices and put the commercial relationship on a more sustainable path, although next steps in that process were not described.

Trump, Xi address business leaders, media
Trump and Xi met...

November 8th, 2017
By Patrick Lozada and Owen Haacke

The second draft of China’s Ecommerce Law takes a step forward in addressing some of the concerns the US-China Business Council (USCBC) raised about the first draft of the law, particularly in terms of intellectual property (IP) protection.

The second draft was submitted October 31 to the Standing Committee of the National People’s Congress for review and is currently open for comment; the final law is expected to be released in 2018. Drafting of the law began in...

November 8th, 2017
By Lipei Zhang and Richard Altieri

The State Council’s recently released interim measures for fair competition review appear to be a positive step toward improving the business environment for foreign companies. While it is too early to say how strictly the interim measures will be enforced, they appear to put pressure on local and provincial governments by making them accountable to joint ministries that report to the central government. Moreover, the opportunity for public comments during the drafting process may...

November 8th, 2017
By Meg Kelly

The role of government affairs (GA) professionals in China differs from their US-based colleagues in multinational companies, but it is important for them to collaborate and support each other's functions, according to industry experts at a recent US-China Business Council (USCBC) event in Washington. Allowing China-based employees to feel well-integrated in the larger company is also key to employee retention in an extremely competitive employment market.

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November 8th, 2017
By David Solomon

Chinese regulations on tendering and bidding practices published by the Ministry of Finance (MOF) in July are a promising sign for US pharmaceutical and medical device manufacturers that government procurement behavior will be better regulated to guarantee consideration of quality alongside price. However, true improvement for the industry will require regulators to faithfully implement the law and refrain from unofficial practices such as local favoritism, which sometimes plague...

October 25th, 2017
By USCBC staff

President Donald Trump’s November 8-10 state visit to China will include bilateral discussions with President Xi Jinping focused on trade imbalances and North Korea’s nuclear weapons program, but won’t seek negotiated outcomes on specific market access issues plaguing American companies.

The White House on Monday provided details on Trump’s visit to China and Asia. The  11-day trip will include stops in Japan, South Korea (like China, also a state visit), Beijing,...

October 25th, 2017
By Ricky Altieri and Jake Laband

China’s changing political and regulatory framework means foreign companies are constantly thinking about how to interact with the government—and how to best equip their government affairs (GA) teams.  

China-based GA teams, which typically have relatively small staffs, must meet the needs of a variety of different and sometimes independent business units, update corporate offices, and build relationships with government officials at the national and provincial...

October 25th, 2017
By Anna Ashton

Countries involved in the Regional Comprehensive Economic Partnership (RCEP) Agreement began their 20th round of negotiations last week, but some remaining Trans-Pacific Partnership (TPP) members appear to be stalling RCEP negotiations, and may even drop out of the China-led trade agreement that could expand China’s role in setting the rules of trade in Asia.

RCEP is a trade deal involving the 10 ASEAN countries, as well as Japan, South Korea, China, Australia,...

October 25th, 2017
By David Solomon

The US-China Business Council (USCBC) recently submitted comments to the China Food and Drug Administration (CFDA) on the Implementation of Food Safety Law of the People’s Republic of China. USCBC’s submission highlighted articles in need of further clarity or adjustments as CFDA seeks to improve nationwide food safety and security through the finalized law.

USCBC’s letter addresses a variety of concerns raised by its members by:

Calling for...

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