In November 2012, China’s outgoing President Hu Jintao told the next generation of Chinese leaders that systemic corruption could lead to the downfall of the party and the state. With his anti-corruption drive well into its second year, President Xi Jinping seems to have taken that warning to heart.
China Market Intelligence
Chinese President Xi Jinping announced in mid-June that officials in his administration will push forward an “energy revolution,” focused on reducing energy consumption, increasing energy supply, and improving energy efficiency.
China has launched a series of national pilots that seek to make state-owned enterprises (SOEs) more answerable to market forces. Six SOEs will participate in four reforms: establishing investment management companies, promoting the development of mixed-ownership structures, allowing autonomy to executive boards, and cracking down on corruption.
Producers who violate China’s food safety standards could face stiffer penalties if a draft revision of the country’s Food Safety Law is approved later this summer.
Building on the efforts of the Shanghai Free Trade Zone (FTZ), China’s national leaders said at the beginning of July that they would develop two nationwide negative lists in the near future: one to regulate market access and another to regulate foreign investment.
A commitment to an accelerated timetable for a high-standard bilateral investment treaty (BIT)—a key objective of the US-China Business Council (USCBC)—was the primary commercial outcome of this year’s US-China Strategic and Economic Dialogue (S&ED).
A recently released revised list of foreign ownership restrictions in the Shanghai Free Trade Zone (FTZ) offers reductions that are an incremental step forward in China’s broad economic reforms, but of little practical use to foreign companies due to the limited number and geographic scope of the openi
Newly released draft regulations from the State Administration of Industry and Commerce (SAIC) could limit the abilities of foreign companies to exercise intellectual property rights (IPR) in China as they do in other markets.
China’s economic reforms have yet to tangibly impact US-China Business Council (USCBC) member company operations and are creating policy uncertainty among American executives. That was one key message USCBC President John Frisbie delivered to senior Chinese government officials during his visit to China at the end of June.
Increased air pollution, deteriorating traffic conditions, and rising office rent prices are leading some US companies in China to offer more flexible working arrangements to white collar employees, according to recent interviews with more than 20 US-China Business Council (USCBC) member companies.