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.
China Market Intelligence
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.
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.
China has taken big steps forward in recent weeks with its plans to establish specialized intellectual property (IP) courts in three cities.
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.
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 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.
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.
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.