China’s lead food and health safety regulator, the China Food and Drug Administration (CFDA), will focus on continued restructuring and increased enforcement efforts in 2015, according to statements made to the US-China Business Council (USCBC). USCBC led a group of eight companies in a roundtable discussion with Director General Yuan Lin of the CFDA in Beijing on December 5.
China Market Intelligence
The elimination of joint venture restrictions and removal of “prohibited” and “restricted” labels for foreign investment in key sectors in the new draft Catalogue Guiding Foreign Investment (CGFI) mark progress for US companies in some sectors in China.
Preparations are underway for a bilateral meeting between Presidents Barack Obama and Xi Jinping in Beijing immediately following the APEC CEO Summit in November. This will be the second official bilateral meeting of the two leaders, following their 2013 meeting in Sunnylands, California.