China Market Intelligence

November 14th, 2014
Ryan Ong

China has taken big steps forward in recent weeks with its plans to establish specialized intellectual property (IP) courts in three cities. The Beijing IP Court announced its formal launch and new leadership, while Shanghai and Guangzhou are actively working towards formal launches by the end of the year. These courts, which are designed to improve the quality of IP-related court judgments, will run for a three-year period before the Supreme People’s Court evaluates and determines next...

November 12th, 2014
Ryan Ong

US President Barack Obama concluded a constructive three-day visit to China earlier today with announcements of new bilateral deals on a range of issues important to US companies doing business in China, including a significant change in visa policy, reduced tariffs for trade in information technology products, and new targets related to climate change.

Obama’s visit to Beijing included not only his participation in the 2014 Asia-Pacific Economic Cooperation (APEC) organization’s...

November 12th, 2014
Matthew Margulies

China’s main regulatory document laying out sectors open to foreign investment—including sectors with specific ownership caps and requirements for joint ventures—was released in draft form by the Ministry of Commerce (MOFCOM) and the National Development and Reform Commission (NDRC) on November 4. The draft 2014 Catalogue Guiding Foreign Investment (CGFI) is open for public comments until December 3.

While there was little public discussion before the release was announced, the timing...

November 12th, 2014
Jake Laband and Rongce Zhu

The reform of China’s state-owned enterprises (SOEs) was a key focus of last year’s third plenum decision to let the market play a “decisive” role in the country’s economy. Since then, a series of central- and local-level developments have taken place to move that reform forward. In July, the State-Owned Assets Supervision and Administration Commission (SASAC) announced that six of China’s 113 central-government controlled SOEs would adopt mixed public-private ownership models. In August,...

November 12th, 2014
Stephanie Henry

Though China did not play a major role in many congressional midterm elections, the makeup of the new Republican-led Congress may have a significant impact on US-China commercial and trade issues in 2015 and beyond.

At the start of the 114th Congress in January, Republicans will hold at least 53 seats in the Senate—retaking the majority and the chairmanships for each committee. Republicans also strengthened their majority in the House, gaining at least 12 seats, with several races...

November 12th, 2014
Dan Markus

After years of debate, China is set to implement a new resource tax on coal  starting December 1. The new tax will be based on the sales price, not the quantity sold, as is currently the case. Coal-related fees, such as the environmental compensation levy, are also expected  to be cancelled. The reforms aim to standardize the coal tax system and promote resource conservation. Each province’s fiscal and taxation department will propose a tax rate of between 2 and 10 percent to the...

November 12th, 2014
Yan Yu

At the APEC CEO Summit on November 10, US President Barack Obama announced plans to extend visa validity for Chinese visitors, business people, and students coming to the United States. The validation period for student visas may be prolonged to as much as five years, while business and tourist visas will be extended up to ten years. In addition, China has agreed to along the same terms for Americans coming to China. President Obama said that the policy aims to strengthen...

November 7th, 2014

The PRC National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM) on Wednesday published a draft version of the Catalogue Guiding Foreign Investment in Industry for public comment through December 3. The catalogue—and the broader investment restrictions that it lists—has been a major focus of past US-China Business Council (USCBC) advocacy. Such advocacy has also manifested itself in USCBC’s continued push for robust Bilateral Investment Treaty negotiations,...