China Market Intelligence

November 8th, 2023
By Annie Whitehurst and Gavin Fu

From October 30 to 31, China convened the twice-a-decade Central Financial Work Conference, an agenda-setting moment for the financial sector. This year’s event took place amid ongoing local government and property sector debt challenges. The last conference took place in 2017 and set the stage for China’s financial deleveraging campaign, which continues today. China’s top officials, including senior financial leaders and all members of the Politburo Standing Committee, were in attendance....

October 25th, 2023
By Greyson Mann

On October 23, 2023, the Commerce Department began accepting full applications on a rolling basis for $39 billion in direct investments in US semiconductor firms, along with $75 billion earmarked for loans and loan guarantees allocated in the CHIPS and Science Act of 2022 (CHIPS Act). Commerce previously accepted optional pre-applications. The funds are intended to boost domestic semiconductor production facilities and create jobs.

October 25th, 2023
By Annie Whitehurst

China’s third quarter economic data exceeded expectations, growing 4.9 percent year-on-year. According to China’s National Bureau of Statistics, this growth puts China on track to reach its 5 percent annual economic growth target, provided fourth quarter growth reaches at least 4.4 percent. Although parts of the economy showed signs of a recovery, systemic problems persist, which could complicate long term growth prospects.

October 25th, 2023
By Joseph Rafshoon

With the Iowa caucuses less than three months away, the Republican presidential primary race is intensifying, and that includes their respective stances on China. The candidates all share a "tough on China" approach, but their views range from a more hardline policy that would reshape the US-China relationship to the traditional conservative approach that would not completely rupture the relationship.

October 11th, 2023
By Gillian Daley

Congress is currently debating the National Defense Authorization Act (NDAA) for fiscal year 2024. In recent years, the NDAA has been a key vehicle for passing China-related legislation, and this year’s bill will be no different.

October 11th, 2023
By Felix Li

On July 21, the National Health Commission (NHC), along with nine other ministries, launched an unprecedented year-long campaign targeting corruption that is long-entrenched in its healthcare sector. China’s leadership is looking to root out collusion between industry experts, hospital staff, and healthcare providers, specifically:

October 11th, 2023
By Mingyue Li

Last month, the 14th National People’s Congress Standing Committee (NPCSC), China's top legislative body, released its five-year legislative plan for 2023 to 2028. The plan outlines a total of 130 legislative projects—the highest total since the NPCSC released its first five-year legislative plan in 1993, which had a total of 152 items.

September 28th, 2023
By Craig Allen

Dear USCBC members,

I write to update you on recent positive bilateral developments, USCBC’s efforts on your behalf, and our expectations for the rest of this year in Washington, DC. I also write to notify you of an upcoming change in USCBC senior leadership.

September 13th, 2023
By Banny Wang and Lance Yau
The Chinese government has acknowledged the need to reverse the trend of foreign investors investing less in China. A recent list of high-level State Council opinions directs policymakers to create and enact new pro-investment measures.
September 13th, 2023
By Joseph Rafshoon
China proposals will likely be tacked on to must-pass legislation, which will dominate the legislative agenda for the remainder of the year. The House Select Committee on the CCP and Senator Chuck Schumer’s China policy package will both influence congressional action on China. 

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