It has been two months since China lifted its three-year-long zero-COVID policy. While hospitals nationwide remain overstretched with patients suffering severe symptoms, the majority of the population has recovered from the first wave of infections and is back on the road for the Chinese New Year. Without COVID-19 lockdowns hobbling growth, business sentiment on the ground has been steadily improving.
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February 1st, 2023
February 1st, 2023
During the 118th Congress, all eyes will be on the newly established Select Committee on Strategic Competition Between the United States and the Chinese Communist Party. Still, it is important to note that the select committee will not have any legislative authority, and that the standing committees will still hold full power to craft, introduce, and mark up legislation. With Republicans now in control of the House, many of those committees will lean even harder into China issues. While...
February 1st, 2023
China’s state-owned enterprises (SOEs) are an integral part of the country’s economic system, and their intimate ties to the government make them a key vehicle through which policymakers can influence economic outcomes. As such, SOEs are expected to play a critical role in China’s economic recovery, resiliency initiatives, and other plans such as decarbonization and dual circulation. SOEs have been subject to several systemic, ongoing reforms aimed at improving their commercial vitality,...
January 11th, 2023
More than three years after the first COVID-19 case was reported, China has finally made a decisive u-turn, veering away from the zero-COVID regime and toward co-existing with the virus. On December 7, 2022, the National Health Commission (NHC) released 10 measures that effectively dismantled its stringent requirements.
January 11th, 2023
Last month, to the surprise and joy of many, China announced a major shift in its COVID-19 strategy, from prevention and control to treatment and openness. China relaxed a slew of restrictions, making it easier to travel to and within China. However, as a result of shifting its COVID-19 strategy, there has been a significant spike in the number of infections within China, with the number of cases reaching a record high in January. The United States and other countries, such as Australia,...
January 11th, 2023
Skepticism and competition defined the US-China relationship for much of 2022—themes which are expected to continue to persist this year. With the tech competition intensifying and a renewed focus on China in the US Congress, this year will likely bring more uncertainty and continued challenges for multinational companies. However, with Secretary of State Antony Blinken planning to visit China early this year, in-person bilateral engagements between the two countries could help to soften...
January 10th, 2023
In 2022, across our three offices in the United States and China, we focused on education, advocacy, and relationship-building with US and Chinese government officials and other stakeholders. We held more than 160 meetings and events and convened five large-scale conferences between our three offices. At our annual gala last month, over 400 leaders from the business, government, diplomatic, and academic communities gathered to network and hear from US and Chinese leaders on the theme “...
December 19th, 2022
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
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
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...
