Foreign companies are under increasing pressure to keep their Chinese workforces satisfied, as new workers demand better employment conditions and China’s economy slows.
China Market Intelligence
Little progress was made in transparency talks between the US Department of Commerce (DOC) and China’s State Council Legislative Affairs Office (SCLAO), as Chinese officials opted to wait on guidance coming out of this month’s party plenum.
US and Chinese negotiators met in Beijing during the last week of September to continue their work on a bilateral investment treaty (BIT) between the two countries.
Preparations are underway for a bilateral meeting between Presidents Barack Obama and Xi Jinping in Beijing immediately following the APEC CEO Summit in November. This will be the second official bilateral meeting of the two leaders, following their 2013 meeting in Sunnylands, California.
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.
Intellectual property has received high-level attention from the Chinese government in recent weeks, with government agencies actively touting progress on intellectual property (IP) issues, particularly increased enforcement activity and a growth in registered patents, trademarks, and copyrights through the first half of 2014.
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.
On the heels of the one-year anniversary of the launch of the Shanghai Free Trade Zone (FTZ), the State Council released a decision declaring new market access openings for investors in the Shanghai FTZ.
China’s Vice Premier Wang Yang recently sent a message of reassurance to a select audience of executives from nearly 20 multinational companies at an investment event in the southern city of Xiamen.
On September 25, China’s State Council released a comprehensive plan outlining regional economic cooperation in key areas like environmental production, logistics, and urbanization in an area known as the Yangtze River Economic Belt.