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
When a foreign company wants to construct a new building in China, it is required to work with a so-called “design institute,” a Chinese company that must approve every part of the design. Although this is ostensibly a simple process, US companies have found a number of challenges that frequently arise when working with design institutes.
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.
In 2014, China’s agencies in charge of energy and the environment (E&E) are focused on implementing national policies to address air pollution, strengthen environmental protection regulation, diversify China’s energy mix, and improve regulatory efficiency, according to various agencies’ 2014 work plans (links to which are provided in the attached PDF).