China Market Intelligence

December 31st, 2014
Zoe Sophos

Zhang Kunsheng, China’s assistant foreign affairs minister and former secretary at the PRC’s embassy in the US, was recently removed from his post under suspicion of corruption, according to a January 2 statement on the foreign ministry’s website. The post indicated that Zhang is currently under investigation for “violating discipline,” a phrase commonly used by Chinese authorities to refer to corruption. The senior diplomat is the highest ranking official from the Ministry of Foreign...

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
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 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 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
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...

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