China Market Intelligence

October 29th, 2014
Stephanie Henry

In a move that could open up China’s domestic market for foreign electronic payment service providers, the State Council on October 29 said it would give greater access to qualified domestic and foreign companies offering bank-card clearing services. The move follows a September 2010 World Trade Organization (WTO) dispute between the United States in China over the ability of foreign companies to offer such services in China. While the decision is the latest move toward granting...

October 29th, 2014
USCBC Staff

The Chinese Communist Party released its fourth plenum decision document—a paper announcing the outcomes from its October “party-building” session—last night. It called for improving governance and increasing accountability, in addition to clarifying legal system reforms first put forward in last week’s fourth plenum communique.

The decision may have added importance as China’s President Xi Jinping led the small working group tasked with drafting the document. Xi has called the fourth...

October 29th, 2014
Jake Laband and Ellen Huber

US companies conducting government affairs (GA) in China face a swiftly evolving operating environment, as Chinese government officials are becoming more difficult to access and GA professionals have a widening range of responsibilities. What’s more, China’s anti-corruption campaign has targeted officials at all levels of government, leaving many reluctant to meet with GA representatives. This shifting environment has forced American companies to re-evaluate their GA strategies...

October 29th, 2014
USCBC Staff

US President Barack Obama and Chinese President Xi Jinping are scheduled to meet in Beijing after the close of the Asia Pacific Economic Cooperation summit on November 11. The meeting comes nearly 18 months after their mini-summit in June 2013 at the mountain-ringed Sunnylands Retreat in Palm Springs, California, where the two presidents spent eight hours in discussions with a handful of advisors from each side.

Next month’s meeting will also feature a mountain backdrop, in Huairou—a...

October 29th, 2014
Zoe Sophos

The opening of China’s long-awaited Shanghai-Hong Kong Stock Connect, a trading link that would allow more foreign investment in China’s stock market, was delayed indefinitely on Monday. Bourse managers offered no explanation, but told the Wall Street Journal that Hong Kong’s democracy protests “might have played a role.” Also playing a role was a call last week from major banks and asset managers to delay the launch due to uncertainty over exchange rules.

Known as the “through train...

October 29th, 2014
Jake Laband

Chinese President Xi Jinping praised the Shanghai Free Trade Zone (FTZ) at a top-level economic reform meeting this week and called for the successful aspects of this model to be replicated in other areas across China. Xi’s comments followed reports of a new zone launching in Tianjin, though exact implementation measures have yet to be released.

While presiding over the sixth meeting of the Central Reform Leading Group on Monday, Xi also reviewed last week’s...

October 23rd, 2014
USCBC Staff

China’s Communist Party leadership today revealed incremental legal and corruption-related reforms at the close of its party governance meeting in Beijing. The Fourth Plenum of the 18th Chinese Communist Party (CCP) Congress was also expected to address an investigation into former security chief and Politburo Standing Committee member Zhou Yongkang, but instead limited its rulings to a half dozen executives and officials linked to Zhou.

A communique issued at the close of the plenum...

October 20th, 2014
Dan Markus

China’s major meeting for directing party governance—the Fourth Plenum of the 18th Chinese Communist Party (CCP) Congress—opened today in Beijing. The meeting, which is to focus this year on “rule of law,” will close on October 23.

At past plenums, party officials have publicly released major speeches and even meeting agendas on the first day. This has not happened this year, and China Central Television’s main evening newscast did not cover the first day of the plenum.

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October 15th, 2014
Jake Laband

Stricter party governance, centering on judicial reforms and the “rule of law,” is among the anticipated discussion topics for the Fourth Plenum of the 18th Chinese Communist Party (CCP) Congress, opening October 20 in Beijing. The four-day meeting of the country’s senior political leadership will be the first since the high-profile third plenum meetings last fall that focused on economic reform. This year’s meetings will focus on party governance and “party building,” and they could—...

October 15th, 2014
Ryan Ong

China’s economic reform efforts have so far had a limited impact on American companies, and their implementation remains sluggish, according to a new assessment by the US-China Business Council (USCBC). USCBC analysis found that even as broad reform goals and messaging by China’s top leadership remain compelling, very little has changed since USCBC released its first reform scorecard in June 2014.

Since China’s new leadership officially took over in March 2013, senior government...

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