Starting April 1, seven Chinese cities and provinces raised their monthly minimum wages by an average of 12.5 percent, according to China News. These cities and provinces include Beijing, Shanghai, Tianjin, Chongqing, Shaanxi, Shenzhen, and Shandong.
China Market Intelligence
In recent weeks, several leadership transitions have taken place at Chinese government agencies that work closely with foreign companies, including the National Development and Reform Commission, Ministry of Foreign Affairs, State Intellectual Property Office, and the State-Owned Assets Supervision and Administration Commission.
With economic growth slowing sharply over the last three months, China’s State Council announced a spending package last Wednesday consisting of tax breaks for small businesses, social housing projects, and the acceleration of railway construction across central and western China. No overall cost was attached to the announced package.
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.
As the United States and China restart negotiations on a bilateral investment treaty (BIT), the US-China Business Council (USCBC) has put together a primer explaining a key component of any BIT agreement— the “negative list.” In the context of a bilateral investment treaty, such a list clearly lays out sectors th
We are starting to hear a lot about a bilateral investment treaty (BIT) with China. Here’s hoping we hear a lot more.
The United States and China restarted BIT negotiations last summer when China agreed to include key equal treatment principles advocated by the US-China Business Council and others.
Reforms to China’s financial sectors may be advancing in a key area—interest rate liberalization. Depending on its implementation, these reforms could modernize how companies access capital in China and impact the competitiveness of domestic companies that have relied on inexpensive credit.
US-China Business Council (USCBC) President John Frisbie highlighted the need for China to reduce foreign ownership restrictions in meetings with senior officials in Beijing and Shanghai last week.
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).
In 2014, China’s agencies in charge of approving and regulating foreign investment are focused on facilitating a more open economy, creating an open business environment, and lowering foreign investment restrictions, according to various agencies’ 2014 work plans (links to which are provided in the atttached PDF).