China Market Intelligence

December 8th, 2021
By Annie Whitehurst and Lipei Zhang

On November 18, the Chinese government elevated the Anti-Monopoly Bureau within the State Administration for Market Regulation (SAMR), strengthening China’s antitrust capabilities.  According to SAMR’s organizational structure, the new bureau includes three directorate-general departments, namely the Competition Policy Coordination Department, Antitrust Enforcement Department I, and Antitrust Enforcement Department II. The Competition Policy Coordination Department will focus on fair...

December 7th, 2021
By USCBC Staff

Leading up to and following the November 15 meeting between President Biden and President Xi, the US-China Business Council (USCBC) has been actively engaged with the Chinese government to improve mobility and support the travel of member company employees in and out of China. As part of that process, USCBC, AmCham Shanghai, and AmCham China have been in discussions with the Ministry of Foreign Affairs (MOFA) on a fast-track travel program to facilitate the travel of executives to China. As...

November 24th, 2021
By Matt Margulies

On October 23, the Standing Committee of China’s legislature authorized the central government to pilot rules for a property tax in certain regions across China for a five-year period. While not yet defined specifically, it is rumored that the tax will be piloted in some of China’s major metropolises, including Shanghai, Shenzhen, Hangzhou, Hainan, and Chongqing.

November 24th, 2021
By Anna Ashton

In 2018, President Trump withdrew the United States from what is now the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). CPTPP was an American multilateral trade initiative and a pillar of the Obama administration’s pivot to Asia. It was intended to enshrine important trade disciplines in commercial dealings with other Pacific nations in both the Eastern and Western hemispheres, thereby helping to turn these disciplines into norms that could counter the often...

November 24th, 2021
By John Clark

US goods exports to China in Q3 totaled $33.9 billion, down 6.6 percent from the previous quarter but up 7.2 percent from Q3 2020. Likewise, US worldwide goods exports totaled $432.5 billion, down 0.9 percent from the previous quarter but up 23 percent from Q3 2020. Congestion at US ports, slowing growth in China, and sector-specific challenges contributed to the decline as it was more difficult for US producers to keep up with demand for production and get their goods overseas.

November 16th, 2021
By USCBC Staff

Last night, Presidents Joe Biden and Xi Jinping met virtually for the first time since Biden took office, speaking for several hours. While the talks focused more on managing strategic risks than addressing economic issues, cultivating stability around some of the more contentious issues in the bilateral relationship is critically important to preventing intense competition from escalating into conflict. At the same time, we hope to see the leaders and other senior officials convene again...

November 10th, 2021
By Lance Yau

China’s pledges to reach peak carbon emissions before 2030 and be carbon neutral before 2060 started the clock on a major transition in China’s economy, and many US companies across sectors see the targets as new opportunities. Many are already investing heavily in climate-friendly projects and some are taking steps to decarbonize their own supply chains in alignment with China’s goals. While this is a positive start, companies also see China’s existing policies and incentives as...

November 10th, 2021
By Antonio Douglas

On September 30, the Ministry of Industry and Information Technology (MIIT) released the draft Data Security Administrative Measures for the Industry and Information Technology Sector. The draft measures implement the Data Security Law, which calls on industry regulators to implement sector-specific data classification schemes to determine what data must be stored locally and which data will be eligible for cross-border transfer. While the measures establish a framework for the...

November 10th, 2021
By Allie Klein and Jake Perlmutter

Last month, the Senate Foreign Relations Committee approved a bill empowering the president to sanction Chinese individuals aiding China’s efforts in the South and East China Seas, where China’s attempts to defend contested territorial claims have come under fire from the United States and regional claimants. Considering Congress’s narrowing window to pass legislation this year, it remains to be seen if the proposal will be debated or slotted into an end-of-year package. However, the Senate...

November 2nd, 2021
By USCBC Staff

On October 23, the Standing Committee of China’s National People’s Congress (NPC) reviewed and released a draft amendment of China’s Anti-Monopoly Law (AML), soliciting public comments until November 21. The draft revision process, led by the State Council Anti-Monopoly Commission, has been in progress since 2018. USCBC submitted comments on the first draft released by the State Administration for Market Regulation in January 2020, prior to its submission for review at the NPC level. USCBC...