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.
China Market Intelligence
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’s economic reform efforts have so far had a limited impact on American companies, and their implementation remains sluggish, according to a new assessment by the US-China Business Council (USCBC).
Overcapacity, or a glut of production capabilities, is a growing concern for US-China Business Council (USCBC) member companies in their China operations, according to USCBC’s 2014 business environment survey.
From recent investigations in the auto parts industry to “dawn raids” at foreign IT firms, China’s rising level of antimonopoly enforcement activity has raised concerns for many US companies doing business in China.
Newly released draft regulations from the State Administration of Industry and Commerce (SAIC) could limit the abilities of foreign companies to exercise intellectual property rights (IPR) in China as they do in other markets.
China’s economic reforms have yet to tangibly impact US-China Business Council (USCBC) member company operations and are creating policy uncertainty among American executives. That was one key message USCBC President John Frisbie delivered to senior Chinese government officials during his visit to China at the end of June.
A key figure in the enforcement of China’s Antimonopoly Law (AML) insisted that Chinese regulatory procedures and AML enforcement are “in line with international standards” during a discussion with the US-China Business Council (USCBC) in Beijing last week.