China Market Intelligence

December 19th, 2022
By USCBC Staff

From December 15 to December 16, senior Chinese leaders convened for the Central Economic Work Conference (CEWC) to discuss key economic goals for the year ahead. At this year’s conference, implementing a new development pattern emerged as a key theme—signaling a focus on revitalizing economic growth. Last year’s meeting emphasized stability.

December 14th, 2022
By Annie Whitehurst 

In March 2022, China set an annual 2022 growth target of 5.5 percent, a goal the economy will almost certainly not meet. Following COVID-19 outbreaks, a declining property sector, slowing consumer confidence, and weakening exports, the median growth forecast sits at 3.3 percent. Looking ahead, China will likely continue to face a similar set of challenges for 2023. In that regard, China’s economic growth for the new year will depend on how the government responds to the various challenges...

December 14th, 2022
By Joseph Rafshoon

With the Senate staying in Democratic hands, committee leadership will stay relatively intact. However, multiple long-time GOP legislators retired at the end of the 117th Congress, paving the way for new committee leadership on the Republican side. While the committee chair wields the bulk of the power, ranking members have significant influence when deciding on hearing topics and marking up legislation. This article highlights which Senate committees will focus on China, legislation they...

December 14th, 2022
By Banny Wang and Shandao Zhou

In October, the Chinese Communist Party announced top party personnel changes and delivered its work report at the 20th Party Congress. The work report lays out priorities and strategic plans for the Chinese government, including facilitating high-quality development and strengthening national security under a more centralized decision-making framework, and the personnel changes have implications for how these priorities will be carried out. Around the same time, more than 30 key ministries...

December 13th, 2022

The Cyberspace Administration of China’s (CAC) regulations governing security reviews of cross-border data transfers (CBDTs) came into effect on September 1, 2022, with a six-month grace period that ends on March 1, 2023. In order to support members’ ongoing efforts to understand their obligations and benchmark with peers in the business community, USCBC has compiled the below FAQ.

December 12th, 2022
By Craig Allen

I’m happy to report that I am safely back in Washington, DC, after a productive five-week trip to China. After 10 days in quarantine and 10 days of work meetings in Shanghai, the final leg of my trip was in Beijing—the political center of China—where we met with key central government stakeholders, academic and think tank experts, and member companies. While we received a warm welcome and heard strong rhetorical support for US investment in China, central government meetings were heavily...

November 30th, 2022
By Felix Li

On November 11, the State Council Joint Prevention and Control Mechanism issued a notice to adjust its COVID-19 prevention and control measures (20 Measures), an announcement made amid an uptick in daily cases across the country. The newly updated protocol outlines several major changes which aim to slightly relax inbound travel restrictions and mass PCR testing, indicating that the government is aware of the difficulty of sustaining a stringent COVID-19 prevention effort indefinitely.  

November 30th, 2022
By Annie Whitehurst

On October 28, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) released the 2022 Catalog of Industries Encouraged for Foreign Investment. The catalog is a tool to incentivize continued foreign investment in desired industries, and previous editions provided constructive guidelines for foreign-invested enterprises making investment decisions in China. Industrial companies also leverage the annual revision process to the catalog to extract...

November 30th, 2022
By Lance Yau

The recently concluded 27th Conference of the Parties of the UN Framework Convention on Climate Change (UNFCC), more commonly known as COP27, saw mixed results. There was a new consensus that wealthier countries should assist with the loss and damages inflicted by climate change in less developed countries, but there was no agreement on how carbon emissions should be specifically addressed. Although representatives were able to hash out agreement on the broad outlines of a climate fund,...

November 16th, 2022
By Jack Kamensky

Business travel to China has become somewhat easier than in the early days of the pandemic. That said, it remains far more complex, costly, and unpredictable compared to pre-pandemic travel. Travel hurdles include flight booking: Direct flight routes from the United States to China are extremely limited. Until very recently, flights were also subject to cancelation at any time. As a result, ticket prices are many times higher than prior to the pandemic. Visa application: The requirements and...