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.
China Market Intelligence
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.
As US and Chinese government officials prepare for a busy season of bilateral engagement—including the November meetings of the Asia-Pacific Economic Cooperation (APEC) and a November bilateral meeting between Presidents Obama and Xi, US officials and their Chinese counterparts are hard at work on the
Chinese President Xi Jinping announced in mid-June that officials in his administration will push forward an “energy revolution,” focused on reducing energy consumption, increasing energy supply, and improving energy efficiency.
China’s recent push to address its environmental concerns—in particular its rampant air pollution—has brought to the forefront an internal debate on how the country’s leaders will cut carbon emissions. Recent reports have indicated the likely expansion of carbon trading program in the near future, while a proposal for a carbon tax appears to have been temporarily shelved.
Amid a slowdown in China’s economy and tension between the United States and China on a variety of issues, US and Chinese negotiators are preparing for the upcoming sixth annual Strategic & Economic Dialogue (S&ED) taking place in Beijing in early July.
After several years of implementing policies to promote China’s strategic emerging industries (SEI), local and central government officials seem to be cooling in their enthusiasm for government-supported SEI development. So far, government policies have not resulted in a “blossoming” of SEIs or the structural changes to local industry that regional governments had expected.
As the US government prepares for upcoming negotiations at the Strategic and Economic Dialogue (S&ED) in early July, separate discussions under the Joint Commission and Commerce and Trade (JCCT) framework are well underway.
Antimonopoly issues, including M&A reviews and pricing investigations, have garnered considerable attention by US stakeholders in recent months, due to widespread reporting on pricing investigations involving foreign companies and a November 2013 National Development and Reform Commission (NDRC)
China’s long-awaited urbanization plan indicates that the country’s leaders will focus on increasing access to social services, allowing greater labor mobility through residency permit reforms, and increasing the role of the market in real estate pricing.