Key House and Senate committees involved in the US trade agenda are taking shape for the 114th Congress and will play an important role on the work ahead.
China Market Intelligence
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On January 13, China’s Ministry of Industry and Information Technology (MIIT) released a circular notice completely removing the foreign equity cap for investment in e-commerce companies in the Shanghai Free Trade Zone (Shanghai FTZ).
On January 4, the State Council released information about its new National Strategic Action Plan for Deepening Implementation of IPR (2014-2020). This plan—passed by the State council on December 29, 2014—aims to deepen implementation of China’s 2008
Chinese authorities are ramping up scrutiny of multinational companies’ (MNC) tax reporting as they work to overhaul the country’s broader tax system.
With three more districts incorporated into the original Shanghai Free Trade Zone (FTZ) and three more free trade zones approved in Tianjin, Guangdong and Fujian, China expanded the physical size of its pilot reform zones in December, even as the scope of new operating openings for foreign companies remains undetermined.
From the declarations of reform made at the Central Economic Work Conference to the promises of the third plenum, Chinese officials have continually made bold statements about reform intentions.
Zhang Kunsheng, China’s assistant foreign affairs minister and former secretary at the PRC’s embassy in the US, was recently removed from his post under suspicion of corruption, according to a January 2 statement on the foreign ministry’s website.
The United States and China wrapped up three days of commercial negotiations in Chicago yesterday, making progress on competition policy, intellectual property rights (IPR), and product approvals in agriculture and medical devices.
China’s lead food and health safety regulator, the China Food and Drug Administration (CFDA), will focus on continued restructuring and increased enforcement efforts in 2015, according to statements made to the US-China Business Council (USCBC). USCBC led a group of eight companies in a roundtable discussion with Director General Yuan Lin of the CFDA in Beijing on December 5.
The elimination of joint venture restrictions and removal of “prohibited” and “restricted” labels for foreign investment in key sectors in the new draft Catalogue Guiding Foreign Investment (CGFI) mark progress for US companies in some sectors in China.
