China’s leading legislative body discussed a broad agenda on key concerns like economic reform, rules for legislation, and maintaining growth in a slowing economy at their annual meeting that concluded yesterday in Beijing with a press conference held by Premier Li Keqiang. Li focused on maintaining macroeconomic stability and pushing forward with economic reforms.
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Looking to take full advantage of the China market, foreign companies are increasingly seeking out new ways to develop and leverage their intellectual property (IP) in China. Those strategies can range from licensing IP to a China-based subsidiary, joint venture, or other business partner to joint technology development agreements.
China’s leading legislative body showed a worse performance in regulatory transparency in 2014, while other agencies continued to fare poorly in the US-China Business Council’s (USCBC) annual Regulatory Transparency Scorecard, which will be released at the end of March.
US exports to China grew nearly 10 percent slower in 2014 than in 2013, marking a record high for the US goods deficit with China—$342.6 billion from a total trade in goods of $590.7 billion.
Several leading PRC government agencies—including the Ministry of Commerce (MOFCOM), the National Development and Reform Commission (NDRC), the Ministry of Science and Technology (MOST), the Ministry of Industry and Information Technology (MIIT), the Ministry of Finance (MOF), and the Ministry of Foreign Affairs (MOFA)—have been active in recent months, announcing key agency priorities for 2015
China’s Draft Foreign Investment Law, which will restructure the foreign investment legal regime, leaves significant room for protectionism, according to US-China Business Council (USCBC) comments recently submitted
Enforcement actions are not enough for companies to protect their intellectual property (IP) in China, according to a new best practices sheet released by the US-China Business Council (USCBC) late last month.
New openings for foreign investment and preferential taxes for goods sold through pilot e-commerce channels have raised questions about how companies can integrate e-commerce into their business plans in China.
Last year, China’s 12th National People’s Congress (NPC) laid out a legislative agenda to address some of the most pressing issues facing the nation. And indeed, the topics discussed in 2014's NPC meeting did see movement.
China’s State Council has called for an important adjustment of the approval process for foreign and domestic investment projects in a December work plan.
