China Market Intelligence

February 28th, 2014
Tim Donovan

Speaking at an early February meeting of the State Council, Premier Li Keqiang linked China’s ongoing fight against corruption to economic reform, saying that the Chinese government has “too much” influence on the country’s economy, making it “easy for corruption to breed.” The remarks, not published by state media until February 23, also noted that government intervention in microeconomic activities hinders the “decisive” role of the market, a key goal of the Chinese Communist Party’s (CCP...

February 19th, 2014
USCBC Staff

Bilateral engagement between the United States and China has begun to ramp up, with the US-China Business Council (USCBC) taking an active role in discussing key business issues with governments from both nations. USCBC is currently soliciting comments from members on their top priorities for the 2014 Joint Commission on Commerce and Trade (JCCT), whose working groups are set to meet in the coming months. Following the release of its 2014 board of directors’ Statement of Priorities, USCBC...

February 19th, 2014
Ryan Ong

The US-China Business Council (USCBC) on February 7 highlighted the need for fair treatment and stronger enforcement of foreign intellectual property in China, calling for the US government to make China a focus of its IP work in 2014. In a submission to the Office of the US Trade Representative (USTR) for its annual "Special 301" Report, which examines intellectual property rights (IPR) protection and enforcement internationally, USCBC cited IPR protection as one of the top challenges US...

February 19th, 2014
Jake Parker

The US-China Business Council (USCBC) recently finalized recommendations for improving China’s administrative licensing regime, a long-standing concern of USCBC member companies. This document, which will be translated into Chinese and distributed to Chinese government officials and other stakeholders, is part of ongoing USCBC efforts to advocate for simplifications to China’s administrative licensing regime.

The recommendations note China’s recent progress in streamlining,...

February 19th, 2014
USCBC Staff

Although the China (Shanghai) Pilot Free Trade Zone (FTZ) administration announced its organizational structure soon after the zone launched in September, it has not yet publicly released the responsibilities of its ten departments. The US-China Business Council (USCBC) recently obtained a copy of this chart from the zone’s human resources bureau, and has translated it into English for member companies.

Responsibilities of the departments include organizing the implementation of...

February 5th, 2014
Christina Nelson

In January, the International Monetary Fund projected that China’s GDP would grow 7.5 percent in 2014. But how China hits that target has important implications for the future the country’s economy, says David Dollar, a senior fellow at the Brookings Institution’s John L. Thornton China Center.

Speaking at the US-China Business Council’s Jan. 30 Forecast meeting, Dollar said that although China surpassed its 2013 GDP growth target to reach 7.7 percent, the country’s economy still hasn...

February 5th, 2014
Owen Haacke and Angela Fan

Two key ministries responsible for China’s economic and industrial development have said they would advance policies to promote a more sustainable, innovative, and technologically advanced economy. In their 2014 work plans, the National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology (MIIT) both pledged to address industrial overcapacity and promote sustainable economic development, while tackling issues that affect many foreign companies...

February 5th, 2014
Emily Shan Wang

China’s financial regulators in recent months have given the private sector a greater role in banking, licensing new private banks and enlarging the scope of innovative financial services like Internet banking. Such shifts present challenges to traditional banks, but they could also provide opportunities for private capital owners and companies seeking financing. So far, most discussion has centered on Chinese companies, and it remains to be seen how foreign companies—including non-financial...

February 5th, 2014
Jennifer Xuejiao Yang and Stephanie Henry

Following the first session of the 12th National People’s Congress in March 2013, Premier Li Keqiang announced that reforming China’s administrative approval system is a top priority, and vowed to eliminate or decentralize around 500 items during his administration. Since that time, the State Council has taken a number of steps to promote administrative licensing reform, including a September notice to control new administrative licensing processes, a December catalogue on government...

February 5th, 2014
USCBC Staff

Chinese government agencies have recently taken steps to advance economic reform, from establishing a high-level leading group headed by President Xi Jinping to releasing new plans for financial and administrative licensing changes in the Shanghai Free Trade Zone (FTZ). While each of these moves may have positive implications for foreign companies doing business in China, they have yet to fulfill the promises made in third plenum reform documents and in statements from key officials about...