China Market Intelligence

January 22nd, 2014
Owen Haacke

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 foreign and private investment and accelerating fiscal reforms to restructure the country’s economy. Many of the priorities reflect reforms introduced during November’s third plenum. Others are more specific, dealing with issues from counterfeiting to e-commerce to tax...

January 6th, 2014
Ryan Ong

A December 30 meeting of the Chinese Communist Party (CCP) Politburo revealed initial details about a new leading group set up following the November 2013 third plenum. It was widely anticipated that this group—a high-level interagency task force—would be headed by President Xi Jinping, but few other details have emerged since the close of the plenum. In press reports following the December 30 meeting, it was confirmed that Xi would indeed head the task force. According to Chinese media, it...

January 3rd, 2014
Ryan Ong

Ministry of Commerce (MOFCOM) Vice Minister Wang Chao, who served as one of China’s main points of contact for the Joint Commission on Commerce and Trade (JCCT) and other bilateral discussions, has been appointed as a vice minister at the Ministry of Foreign Affairs (MOFA). The transfer, which went into effect on December 27, has not yet been posted to the MOFA website, but has been confirmed by multiple sources. While Vice Minister Wang’s new portfolio of issues has not yet been finalized,...