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.
China Market Intelligence
PRC officials are reacting cautiously to the debt agreement reached by US lawmakers earlier this month.
As the PRC government seeks to transform China's export growth model by promoting value-added and high-tech machinery and electronics equipment exports, new government guidance suggests that foreign companies may find additional incentives to manufacture high-tech goods in China for export.
Following the PRC government's nine-month intellectual property rights (IPR) campaign, the PRC government recently released policies to improve brand and trademark protection awareness. The new policies aim to train and educate domestic enterprises on these issues, but positive results may indirectly benefit foreign enterprises and foreign brands.
The World Trade Organization (WTO) remains an active forum for the United States and China to settle trade disputes, which can hold important implications for business. Currently, eight cases involving both countries are in different stages of the WTO dispute settlement process, with both countries scoring recent victories.
Central and provincial governments have recently taken initial steps toward breaking existing links between China's innovation and government procurement policies, including the use of "indigenous innovation" product catalogues for government procurement.
US and PRC government officials are in the midst of discussions on high-priority areas--such as innovation, intellectual property rights, investment, and industrial policy--as part of preparations for the US-China Joint Commission on Commerce and Trade (JCCT) plenary session, set for November or December in Beijing, and the ongoing US-China Innovation Dialogu
Carbon trading, emissions targets, and pollution reduction are just a few of the key priorities included in recently released and forthcoming central government policies that aim to fulfill the broad energy and environmental goals of China's March 12th Five-Year Plan (FYP, 2011-15) on Nationa
The PRC government's long-standing effort to overhaul its value-added tax (VAT) regime may soon receive a shot in the arm, as the central government has reportedly designated Shanghai to become the first jurisdiction to carry out trial reforms.
US companies investing in China's wind energy sector can benefit from understanding PRC government agencies and the relationships involved in the renewable energy sector. Companies should be aware of individual agency policies, plans, and activities to take advantage of government initiatives when formulating and implementing investment strategies in China.