Despite progress on competition concerns at the December 2014 Joint Commission on Commerce and Trade (JCCT) meeting, competition enforcement under the Antimonopoly Law (AML) remains a high-profile concern for many US companies in China.
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For millennia the Silk Road served as an important network of trade and culture between East and West, facilitating the peaceful movement of people, wealth, and ideas between East Asia and Europe during its zenith in the 12th century.
New provisions for continuous fines, detention for polluters, and public interest lawsuits give China’s revised Environmental Protection Law (EPL) new powers to fight the war on pollution. But whether or not the EPL’s added clout results in a cleaner environment depends on enforcement capacity—as well as implementation.
Companies can expect some openings in China’s newly issued list of industries off-limits to foreign investment in the recently unified free trade zones (FTZs), though many investment restrictions important to industry groups remain unchanged.
The State Council on March 23, 2015 issued a notice requiring all ministries and affiliated institutions under the State Council to complete and publish English translations of relevant trade-related department rules.
US companies conducting government affairs (GA) in China face a wide range of challenges in interacting with government regulators and policy stakeholders.
The Chinese government has announced a series of new plans in recent weeks—Made in China 2025, Internet Plus, and the Innovation Development Strategy—designed to develop Chinese innovation in the industrial and infrastructure sectors by favoring Chinese brands over foreign competitors.
Recent statements from key Chinese leaders have reaffirmed that infrastructure and property development will remain important long-term drivers of economic growth as China enters a “new normal” of moderating economic growth.
Suspending problematic policies that restrict US companies’ ability to sell information technology (IT) products in the China market, eliminating proposed regulations that would disadvantage foreign companies operating in certain industries, and enforcing the Antimonopoly Law (AML) fairly against both domestic and foreign companies: these are just some of the US-China Business Council’s (USCBC)
