At the opening of Shanghai’s legislative session on September 25, Shanghai Mayor Yang Xiong announced that the city would no longer post a GDP growth target for 2015.
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The US-China Business Council’s (USCBC) latest assessment of China’s economic reform efforts shows some acceleration in reform measures, but continuing limited impact on the top conc
Beset by rising local debt—RMB 17.9 trillion ($2.9 trillion) as of June—Chinese policymakers have been struggling to rein in its growth. In August, they passed a budget law allowing local governments for the first time to issue debt in domestic bond markets.
As China transitions to a service-oriented, high-value manufacturing economy, policymakers have taken measures to promote domestic research and development (R&D). While such pro-innovation policies could create new opportunities for foreign companies in China, some of these policies have raised strategic and operational concerns.
China’s policymakers are starting to reveal details about the direction of the country’s next Five-Year Plan (FYP), the central government blueprint for China’s long-term social and economic policies.
China’s economy is thriving even in the midst of slowing growth, World Bank senior advisor Otaviano Canuto told an audience of business executives and China experts at the US-China Business Council’s (USCBC) 34th annual Forecast Conference on January 28.
The US-China Business Council (USCBC) today released a statement of priority actions needed to continuing building a strong, mutually beneficial commercial relationship between the United States and China.
Early this month analysts and investors were surprised when Bloomberg News reported that Chinese policymakers had agreed to “fast track” RMB 7 trillion ($1.1 trillion) in infrastructure investments in 2015.
At the end of December 2014, China’s State Council asked local governments across the country to review and eliminate many preferential policies for foreign and domestic investment, from special land pricing to local tax rebates.
Though 2014 was a busy year for enforcers of China’s relatively new Antimonopoly Law (AML), the number of investigations filed during the final quarter of 2014 fell significantly, according to US-China Business Council (USCBC) analysis.
