In his first speech to an American business audience in China as US ambassador, Gary Locke stressed that the United States and China must work together to help the global economy return to full strength.
China Market Intelligence
Provincial governments across China are making modest progress toward breaking links between indigenous innovation and government procurement policies. The delinking of these policies was a key commitment during PRC President Hu Jintao's January 2011 trip to the United States and the May 2011 Strategic and Economic Dialogue.
Draft trademark rules currently available for public comment include important proposed changes that are likely to affect how companies protect their trademarks in China.
Companies hiring foreign employees in China will see their human resources costs rise significantly now that foreign employees must also contribute to China's five social insurance funds, according to measures released September 8.
China's investments abroad exceeded $68 billion in 2010, expanding by 21.7 percent over 2009, according to a PRC government report on China's outbound direct investment (ODI).
Companies may learn how they can benefit from participation in China's strategic emerging industries (SEIs) in the coming months when PRC regulators release specific policies concerning SEI development.
Recently released rules that formalize China's national security review regime will likely make mergers and acquisitions (M&A) in China a more uncertain process for deals in key sectors.
Recent PRC government actions indicate that China is looking to enhance its role in global finance and facilitate the internationalization of its currency, the renminbi (RMB).
Companies accredited as High- and New-Technology Enterprises (HNTE) in 2008 face stricter renewal procedures than when they were first accredited three years ago. According to HNTE rules released in 2008, companies must renew their HNTE status every three years.
US and PRC Vice Presidents Joe Biden and Xi Jinping met last week in Beijing with senior business leaders from both countries at a roundtable hosted by the US-China Business Council (USCBC), the China Council for the Promotion of International Trade (CCPIT), and the American Chamber of Commerce in China.