China Market Intelligence

July 12th, 2023
By Annie Whitehurst

On July 6, US Secretary of the Treasury Janet Yellen traveled to China for a four-day visit, with bilateral meetings taking place over two days. Her visit marked the second cabinet-level trip during the Biden administration, following Secretary of State Antony Blinken’s trip in June. Yellen met with China’s top economic officials, including Premier Li Qiang, Vice Premier He Lifeng, Minister of Finance Liu Kun, and newly appointed People’s Bank of China Party Secretary Pan Gongsheng.

July 5th, 2023
By John Clark

On June 21, the Ministry of Finance, Ministry of Industry and Information Technology (MIIT), and State Taxation Administration (STA) jointly announced that China will extend a purchase tax exemption for new energy vehicles (NEVs) in an effort to boost purchases in China’s massive automotive sector. Chinese regulators are prioritizing policies aimed at boosting vehicle sales, which they hope will send a positive signal about China’s overall economic recovery and increase consumer confidence...

July 5th, 2023
By Mingyue Li and Yan Yu

On June 28, China’s top legislature, the National People's Congress (NPC) Standing Committee, adopted the Foreign Relations Law (FRL) after a second reading. Though the law’s provisions are mainly declaratory rather than enforceable, the law’s passage marks an all-encompassing effort from Beijing to streamline the country’s handling of foreign affairs and to further expand its legal toolbox to counter foreign provocations and sanctions.

July 5th, 2023
 By Gavin Fu

On May 29, the National People’s Congress (NPC) released its 2023 Legislative Work Plan, which outlines 13 laws to be reviewed by the NPC Standing Committee (NPCSC) during the June, August, and December NPC sessions. Shortly after, the State Council released its 2023 Legislative Work Plan, listing 17 laws and 17 regulations to be drafted and/or revised this year.

June 23rd, 2023
By Kyle Sullivan and Zach Tomatz
While Blinken’s visit to China yielded limited progress on substantive policy disagreements between the United States and China, it laid the foundation for subsequent senior-level delegations and exchanges in the near term.  
June 14th, 2023
By John Clark with assistance from Gavin Fu and Haoting Luo
The latest economic and trade data point to a continued slowdown for US-China trade. US-China bilateral trade in goods decreased significantly year over year in Q1 and again in April despite US-worldwide trade remaining more or less the same. 
June 14th, 2023
By June Xu and Banny Wang

China's protection and enforcement of intellectual property (IP) rights remains a key challenge for both US companies and a key issue for the US government. The Office of the US Trade Representative said in its  2023 Special 301 Report that the slow pace of China’s IP reform is a “serious concern.” The Chinese government has also long acknowledged the need to better protect domestic and foreign firms’ innovations. Recent patent filing data released by the National Intellectual Property...

June 14th, 2023
By Haoting Luo and Zach Tomatz

Over the last several months, both the United States and China have issued plans to support standards-setting activities in emerging sectors in an attempt to ensure first-mover advantages over one another and their global competitors. But if countries’ standards move further apart over the long term, these plans may undermine global firms’ ability to conform their operations and products with varying standards, impacting both technological interoperability and operating costs.

May 11th, 2023
By Zach Tomatz and Annie Whitehurst

On April 26, the Standing Committee of the National People’s Congress voted to adopt revised amendments to China’s Anti-Espionage Law. The amendments go into effect on July 1 and mark the first changes to the law since it was promulgated in 2014. The amended law further formalizes the state's power to target activities in the name of national security, with a particular focus on data and information flows.

May 11th, 2023
By Rory Murphy

In an April 24 speech, Representative Ro Khanna (D-CA), a member of the new House Select Committee on the CCP, outlined his vision for the future of the US-China relationship. Khanna argued that the United States must be willing to suspend China’s permanent normal trade relations (PNTR), saying: "Prior to joining the [World Trade Organization], US law required China’s [PNTR] status to be renewed annually. This status is a privilege, and the US should decide this status annually—as we once...