When lawmakers Monday failed to reach a budget agreement that would have prevented a US government shutdown, many government offices that oversee trade and commercial related functions stopped indefinitely as more than 800,000 government workers were furloughed.
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As the Chinese government continues to investigate multinational companies for bribery and price fixing, firms doing business in China are increasingly worried about regulatory compliance, which can present challenges if regulations are vague enough to be open to interpretation.
US officials continued to push for the lowering of trade and investment barriers into China at the Joint Commission on Commerce and Trade (JCCT) mid-year review, which took place in Beijing on September 11.
International industry representatives have expressed concern about fair treatment in China’s information technology (IT) sector after one of the country’s most powerful regulatory agencies recently announced special funding for products to protect IT security.
According to US-China Business Council (USCBC) sources and Chinese media reports, the National Development and Reform Commission (NDRC) is considering a new series of investment reforms that would remove so-called “first approval” from the investment approval process.
China’s ongoing economic reform debate remains unresolved, with the scope and pace of reform policies undecided, according to key findings of US-China Business Council (USCBC) President John Frisbie’s recent trip to Beijing and Shanghai.
As the economic reform debate continues in China, inter-agency divisions—especially between the National Development and Reform Commission (NDRC) and other central ministries—may limit substantive action to address foreign company concerns.
With the Chinese Communist Party’s main event over—last November’s leadership transition—officials and party leaders will meet this November at the CCP Congress’ third plenary session to unveil the main policy themes and priorities of their administration.
China’s revised Trademark Law, passed by the National People’s Congress late last month, is an important step forward for foreign companies doing business in China.
Complying with Chinese immigration rules has never been easy. But new visa and residency regulations that went into effect September 1 have been making it especially hard for foreign executives to navigate China’s immigration system, according to legal experts and US-China Business Council (USCBC) members.
