The National Development and Reform Commission (NDRC) issued new guidelines in December that trim its role in foreign investment approvals, but not in sectors that currently have foreign investment ownership restrictions.
China Market Intelligence
Describing corruption as a “disease that calls for powerful drugs,” Chinese President Xi Jinping promised members of the Central Commission for Discipline Inspection (CCDI) an even stronger crackdown on graft when he addressed the group on January 14.
In a sign that China’s leaders are increasingly serious about economic reform, the Ministry of Commerce (MOFCOM) and the Ministry of Finance (MOF) released work plans for the next year that prioritize easing restrictions on
Companies investing in any market must deal with administrative licensing—or getting official government approval—for everything from selling products to building new manufacturing facilities. But in China, the extensive, complex, and at times onerous licensing system at all levels of government can result in significant delays, added costs, and lost revenue for companies.
The new year is bringing several personnel changes to the US-China Business Council’s (USCBC) Beijing and Shanghai offices, which will continue the tradition of strong leadership in the organization’s China operations.
The Obama administration yesterday formally nominated Senator Max Baucus, D-MT, to be the next US Ambassador to the People’s Republic of China. Once confirmed, Baucus will succeed Ambassador Gary Locke, who has served in the position since 2011.
Over the past four decades, China has seen the largest migration in human history. Since 1979, more than 300 million rural residents have moved into China’s cities, bringing the country’s urban population to 710 million. This has increased the proportion of China’s urban population from just 17.9 percent in 1978 to 52.6 percent today.
As reported by USCBC just prior to the holidays, US and Chinese senior government officials concluded the 2013 plenary session of the US-China Joint Commission on Commerce and Trade (JCCT) on December 20 in Beijing with agreements on a range of intellectual property
Government officials from the United States and China had an active month of bilateral meetings and negotiations in December, culminating in the plenary session of the Joint Commission on Commerce and Trade (JCCT) held in Beijing on December 19 and 20.
In another signal of how the Chinese government will implement reform measures to reign in local government debt, cool industrial overcapacity, and restructure the Chinese economic growth model, the Chinese Communist Party (CCP) Central Committee amended its traditional, GDP-centered method of evaluating local government officials