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
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 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.
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