China’s leaders are expected to set a broad economic reform agenda this November at the third plenum, the Chinese Communist Party’s (CCP) third major meeting since the new leadership came into power at the launch of the 18th Party Congress in November 2012.
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The China (Shanghai) Pilot Free Trade Zone (FTZ) has been regarded as a testing ground for liberalizing the country’s financial sector, with the Chinese government vowing to roll out a range of reforms from renminbi (RMB) convertibility to capital account opening. Nevertheless, many foreign financial institutions remain cautious about registering in the FTZ.
At the end of September, China requested formally to join negotiations for the Trade in Services Agreement (TISA), an effort that aims to remove barriers to services trade among negotiating parties. If China becomes party to TISA, its entry will add complexity to the talks and dramatically expand the value of overall negotiations.
Expanding the size, efficiency, and diversity of China’s healthcare sector to meet growing consumer demand are key aims of guidelines released by China’s State Council on October 14. The guidelines introduce policies that it says will lower healthcare costs, expand health insurance coverage, and increase industry competitiveness.
Recent severe smog incidents in northeast China have cast the country’s environmental problems back into the spotlight.
As the US government shutdown shuttered many federal offices in Washington and forced President Barack Obama to cancel a much-heralded trip to Asia, China took a lead role at this year’s annual Asia-Pacific Economic Cooperation (APEC) leaders’ meeting in Bali, Indonesia.
Rising costs and intensifying domestic competition are combining to squeeze margins for many American companies in China, according to the US-China Business Council’s (USCBC) 2013 China Business Environment Survey.
Ever since China’s leaders launched the China (Shanghai) Pilot Free Trade Zone (FTZ) on September 29, foreign investors have questioned just how far reforms in the new zone will go.
The US-China Business Council (USCBC) recently finalized and submitted to Chinese government agencies a set of new recommendations focused specifically on improving trade secrets protection in China.
China’s newest economic reform incubator—the China (Shanghai) Pilot Free Trade Zone (FTZ)—has introduced conceptual changes to rules governing foreign businesses, but operating specifics remain scarce and the zone’s attractiveness to USCBC members remains subject to additional policy decisions yet to be finalized.
