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 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.
Chinese leaders pledged to continue structural reforms and regional economic development in light of slowing GDP growth at last week’s Central Economic Work Conference (CEWC), held in Beijing.
In the face of slowing growth and what policymakers are calling a “new normal” for China’s economy, central planners have stepped up the pace of long-discussed financial liberalizations, from the opening of free trade zones and the Shanghai-Hong Kong Stock Connect to—most recently—the proposed e
The State Council has released China’s official 2015 holiday schedule, which includes weeklong holidays for both Spring Festival and National Day. The schedule also gives workers seven other holidays, but does require four make-up days.
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 US-China climate change joint agreement received significant media coverage in the United States, with many outlets citing it as the main outcome o
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.