China Market Intelligence

December 19th, 2014
USCBC Staff

The United States and China wrapped up three days of commercial negotiations in Chicago yesterday, making  progress on competition policy, intellectual property rights (IPR), and product approvals in agriculture and medical devices. The 25th Meeting of the US-China Joint Commission on Commerce and Trade (JCCT)—an annual bilateral dialogue about commercial cooperation and concerns—built on the success of the November bilateral meeting between Presidents Barack Obama and Xi Jinping by...

December 3rd, 2014
Owen Haacke and Nick Marro

China’s State Council has further decentralized the approval process for foreign, domestic, and outbound investment projects with its release of the 2014 Catalogue of Investment Projects Under Government Approval. The approval catalogue—published on November 18—means that more foreign investment projects can now go through a simplified government filing process in lieu of the traditional approval process. The catalogue decentralized approvals in ten industries, including raw materials and...

December 3rd, 2014
Owen Haacke

In November, Chinese and US negotiators surprised the global business community by announcing an end to a standoff over high-technology tariffs. In agreeing to move forward with the World Trade Organization’s (WTO) Information Technology Agreement (ITA), China paved the way for the slashing of tariffs on items from semiconductors to video game consoles. The breakthrough on ITA was a welcome development, but there are a number of other WTO initiatives that both the United States and China are...

December 3rd, 2014
Stephanie Henry

As Chinese and American business travelers know well, securing visas for short- or long-term stays can be a time-consuming process. But when Presidents Barack Obama and Xi Jinping met in mid-November, they hammered out a deal that could ease burdens on Chinese and American travelers alike. The latest development introduced changes to both countries’ systems that would extend visa validity up to 10 years for US and Chinese tourists and business travelers. This new visa policy will facilitate...

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
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,...

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...

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