Under International Emergency Economic Powers Act (IEEPA) authority, President Trump issued an executive order today banning US persons from trading securities of “communist Chinese military companies.” According to the executive order, these companies contribute to China’s civil-military fusion policy, and include those that the Department of Defense listed in June and August, as well as any companies and related subsidiaries that the Secretary of Defense and the Secretary of Treasury...
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November 13th, 2020
November 11th, 2020
First mentioned in May, the concept of “dual circulation” introduces a new effort to sustain China’s continued economic development in a post-pandemic world. The framework consists of both “domestic circulation,” referring to production and consumption within China, and “international circulation,” which refers to foreign trade and investment. Over the next 5 years, China will seek to make domestic circulation the main driver of its economy, with international circulation as a complementary...
November 11th, 2020
Although provisions of the 2019 Ecommerce Law have been enforced to varying degrees in different regions of China for almost 2 years now, comprehensive implementing measures have yet to be officially codified. Last month, China’s State Administration for Market Regulation (SAMR) issued draft Administrative Measures for Supervising Online Transactions, the second and likely final draft before promulgation. In current form, the measures would further regulate China’s fast-evolving ecosystem of...
November 11th, 2020
Leaders of the US House and Senate armed services committees are currently working on a compromise National Defense Authorization Act (NDAA) proposal for fiscal year 2021. The committee leadership had planned to meet earlier this week, but it is not yet known if they reached a conference report with unified text. While several issues will need to be resolved around human rights and financial disclosures before the bill goes up for a final vote, there is broad alignment on many China-related...
November 9th, 2020
Over the coming weeks, President-elect Biden and his team will begin to identify key policy personnel for the new administration taking office on January 20, 2021. USCBC has spent the past few months speaking to China policy advisors both within the campaign and on volunteer advisory committees to understand some of the themes likely to color Biden’s China policy once in office. Though much can change in the coming months, I hope this analysis will help companies consider their China policy...
October 30th, 2020
On October 29, China’s Communist Party Central Committee concluded the Fifth Plenum of the 19th Party Congress, a meeting of senior party leadership, and approved priorities for the next 5 years. The Central Committee met from October 26 to 29 to discuss the 14th Five-Year Plan (FYP), outlining priorities for the period from 2021 to 2025, as well as longer-term strategic planning through 2035. China generally convenes seven plenary sessions during each party congress’s 5-year term and...
October 28th, 2020
On October 17, the 13th National People’s Congress Standing Committee (NPCSC) concluded its 22nd session by adopting seven bills. These include amendments to the Patent Law, National Flag Law, National Emblem Law, Election Law, and Minors Protection Law, as well as a new Export Control Law and Biosecurity Law. Of these, the amended Patent Law and new Export Control Law could have the strongest potential impact on USCBC members.
October 28th, 2020
With tightened US export controls threatening to cut China off from certain US technologies, China is accelerating efforts to develop its own high-tech industries. On September 25, four ministries jointly published Guiding Opinions on Expanding Investment in Strategic Emerging Industries and Cultivating New Growth Points and Growth Poles. This plan serves as a blueprint for development in eight “strategic emerging industries” (SEIs), including goals to form new industrial clusters, financing...
October 28th, 2020
Since the implementation of the Export Control Reform Act (ECRA) of 2018, the Department of Commerce Bureau of Industry and Security (BIS) has issued new controls on 37 “emerging technologies.” The majority of these controls have been implemented under multilateral regimes, harmonizing the United States’ Commerce Control List (CCL) with international agreements. China has widely been considered a driver for export control reform, and is increasingly a target for new controls on certain...
October 27th, 2020
On October 21, the National People’s Congress released the draft Personal Information Protection Law (New America translation available here) for public comment until November 19. The draft contains eight chapters and 70 articles spanning cross-border data transfers, the rights of personal information subjects, responsibilities of personal information processors, penalties, etc. Once finalized the law will apply to any individual or organization that engages in personal information...
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Phase One Tracker
We are tracking over 150 commitments—several of which had never been offered before—on items ranging from market access to improving intellectual property rights protection and administrative reforms.
USCBC In The News
Don’t Rush to Buy Chinese Stocks Right Now. Here’s Why.
| Barron's |
11/23/2020
Americans fret as time runs out on aid
| The Standard |
11/20/2020
Talking to president of the US-China Business Council
| CGTN |
11/20/2020