The US-China Business Council congratulates US and Chinese negotiators for the signing of a Phase One trade agreement on January 15. The full text is available here.
We are hopeful that Phase One will serve as a stable foundation for building a stronger, more prosperous US-China relationship. Our initial analysis of the most impactful commitments for our member companies is below.
USCBC is also soliciting comments from members on what you would like to see...
Humming along between 6 to 6.5 percent, China’s 2019 gross domestic product (GDP) growth numbers remain a driver of global...
At the National People’s Congress (NPC) Standing Committee meeting, which concluded on December 28, China moved forward with several pieces of legislation that...
While the official “3.0 Shanghai Business Environment Reform” plan does not yet have a set release date, on January 2, the Shanghai municipal government shared the plan’s intended content, and media outlets have since released their own reports on what it might entail. In a recent roundtable...
On January 2, China’s State Administration for Market Regulation (SAMR) released a long-awaited draft revision of the Anti-Monopoly Law (AML), open for public comment until January 31, 2020. This is the first official draft that China has released for public consultation since the AML first came into effect on August 1, 2008, though it was mentioned in the 2018 legislative plan of the 13th National People’s Congress Standing Committee.
USCBC is considering submitting comments on...
The final implementing regulations were released on December 31 and came into effect on January 1, marking the last major step of implementing China’s Foreign Investment Law (FIL) passed in March last year. Supporting documents to the implementing regulations also came into effect on January 1.
The final regulations reflect several suggestions USCBC advocated for in our comment letter on the previous draft. It features strengthened commitments to provide equal treatment to foreign...
On December 28, the National People’s Congress released its draft Export Control Law, open for public comment until January 26. The draft law updates the 2017 version released by the Ministry of Commerce and aims to establish a unified regulatory system for export controls.
USCBC is considering submitting comments on behalf of members should we receive substantial feedback. Interested members should send feedback to Yan Yu by January 13.
Key points:
Scope...In the year 2020, it will be important to monitor implementation of key reform efforts the Chinese government has pledged to carry out...
On November 15, China’s National Development and Reform Commission (NDRC) released the Guiding Opinion to Deeply Integrate Advanced Manufacturing and Modern Service Industries, outlining a...
This past year finally saw more specific guidance on cybersecurity reviews, critical information infrastructure (CII), cross-border data transfers, and personal information, though many...
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