More than three years after the first COVID-19 case was reported, China has finally made a decisive u-turn, veering away from the zero-COVID regime and toward co-existing with the virus. On December 7, 2022, the National Health Commission (NHC) released 10 measures that effectively dismantled its stringent requirements.
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January 11th, 2023
Last month, to the surprise and joy of many, China announced a major shift in its COVID-19 strategy, from prevention and control to treatment and openness. China relaxed a slew of restrictions, making it easier to travel to and within China. However, as a result of shifting its COVID-19 strategy, there has been a significant spike in the number of infections within China, with the number of cases reaching a record high in January. The United States and other countries, such as Australia,...
January 11th, 2023
Skepticism and competition defined the US-China relationship for much of 2022—themes which are expected to continue to persist this year. With the tech competition intensifying and a renewed focus on China in the US Congress, this year will likely bring more uncertainty and continued challenges for multinational companies. However, with Secretary of State Antony Blinken planning to visit China early this year, in-person bilateral engagements between the two countries could help to soften...
January 10th, 2023
In 2022, across our three offices in the United States and China, we focused on education, advocacy, and relationship-building with US and Chinese government officials and other stakeholders. We held more than 160 meetings and events and convened five large-scale conferences between our three offices. At our annual gala last month, over 400 leaders from the business, government, diplomatic, and academic communities gathered to network and hear from US and Chinese leaders on the theme “...
December 19th, 2022
From December 15 to December 16, senior Chinese leaders convened for the Central Economic Work Conference (CEWC) to discuss key economic goals for the year ahead. At this year’s conference, implementing a new development pattern emerged as a key theme—signaling a focus on revitalizing economic growth. Last year’s meeting emphasized stability.
December 14th, 2022
In March 2022, China set an annual 2022 growth target of 5.5 percent, a goal the economy will almost certainly not meet. Following COVID-19 outbreaks, a declining property sector, slowing consumer confidence, and weakening exports, the median growth forecast sits at 3.3 percent. Looking ahead, China will likely continue to face a similar set of challenges for 2023. In that regard, China’s economic growth for the new year will depend on how the government responds to the various challenges...
December 14th, 2022
With the Senate staying in Democratic hands, committee leadership will stay relatively intact. However, multiple long-time GOP legislators retired at the end of the 117th Congress, paving the way for new committee leadership on the Republican side. While the committee chair wields the bulk of the power, ranking members have significant influence when deciding on hearing topics and marking up legislation. This article highlights which Senate committees will focus on China, legislation they...
December 14th, 2022
In October, the Chinese Communist Party announced top party personnel changes and delivered its work report at the 20th Party Congress. The work report lays out priorities and strategic plans for the Chinese government, including facilitating high-quality development and strengthening national security under a more centralized decision-making framework, and the personnel changes have implications for how these priorities will be carried out. Around the same time, more than 30 key ministries...
December 13th, 2022
The Cyberspace Administration of China’s (CAC) regulations governing security reviews of cross-border data transfers (CBDTs) came into effect on September 1, 2022, with a six-month grace period that ends on March 1, 2023. In order to support members’ ongoing efforts to understand their obligations and benchmark with peers in the business community, USCBC has compiled the below FAQ.
December 12th, 2022
I’m happy to report that I am safely back in Washington, DC, after a productive five-week trip to China. After 10 days in quarantine and 10 days of work meetings in Shanghai, the final leg of my trip was in Beijing—the political center of China—where we met with key central government stakeholders, academic and think tank experts, and member companies. While we received a warm welcome and heard strong rhetorical support for US investment in China, central government meetings were heavily...
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Export Controls and Sanctions Tracker
Export controls and sanctions continue to be an important economic tool in each US administration’s China strategy. The export controls and sanctions tracker lists all active Commerce, Treasury, and State Department export controls aimed at China.
