China Market Intelligence

March 30th, 2016
Owen Haacke

Chief Financial Officers in China have a first-hand perspective on China’s slowing economic growth and its effect on company profit. From their perspective, the new normal means new obstacles in financial management met with strategies to adapt to the market. CFOs battle challenges ranging from restrictive capital controls which limit the expatriation of profits to increasingly long payment terms as a result of bank credit vouchers. At the same time, rising costs are putting...

March 30th, 2016
USCBC Staff

China’s balancing act between economic stability and reform is continuing to produce incremental policy and mixed signals that reflect the government’s uncertain commitment to reform, reports US-China Business Council (USCBC) President John Frisbie. Frisbie recently spent 10 days in China, participating in the China Development Forum (CDF), meetings with senior Chinese officials, and discussions with member company executives. Following the conclusion of the annual National People’...

March 16th, 2016
Zoe Sophos

The start of 2016 brought several personnel shifts in China’s central government, including in agencies responsible for publishing economic data and for taxation, financial system, and state-owned enterprise (SOE) regulation.

Notable recent personnel changes include:

Liu Shiyu replaced Xiao Gang as chair of the China Securities Regulatory Commission. Liu was formerly president of the Agricultural Bank of China.

Xiao Yaqing was...

March 16th, 2016
Yan Yu and Nick Marro

The recently released, and newly effective Administrative Regulations for Online Publishing Service explicitly restricts foreign investors from providing online publishing services, sets licensing and approval requirements for the types of cooperative projects in which domestic and foreign entities can engage, and outlines strict rules on technical equipment and data localization.

These rules, however, have raised questions regarding what type of content is...

March 16th, 2016
USCBC Staff

China’s central government closed its annual National People’s Congress on Wednesday on a positive note, touting successful implementation of its previous Five-Year Plan and setting new targets for the years ahead.

Premier Li Keqiang highlighted several key points on China’s economy in his closing news conference:

US-China Bilateral Investment Treaty (BIT)   Li stated that China will actively advance BIT negotiations, and “reduce or gradually...

March 16th, 2016
Zoe Sophos

China is determined to arrive at a high-standard Bilateral Investment Treaty (BIT) that will benefit US industry as soon as possible, said Li Chenggang, director-general of China’s Ministry of Commerce’s (MOFCOM) Treaty and Law Department and China’s lead BIT negotiator, at a USCBC luncheon program February 25 in Washington, D.C.

China is expected to table a new BIT “negative list” offer in the coming weeks, possibly close to the end of March when presidents Xi...

March 2nd, 2016

The Chinese New Year ushered in a number of personnel changes at the US-China Business Council’s (USCBC) China offices.

Jake Laband, manager of business advisory services since March 2014, was promoted to deputy director of USCBC’s Beijing office. He will lead the business advisory services function and oversee member company requests. He will report to USCBC Vice President Jake Parker.

Owen Haacke, manager of business advisory services since October 2013,...

March 2nd, 2016
Jake Parker

Though China’s slowing growth impacts US company operations, economic restructuring is offering new opportunities to American companies, said a group of US-China Business Council (USCBC) executives during a February 28 roundtable discussion with Treasury Secretary Jacob Lew in Beijing. Lew was in China for the G20 finance ministers’ meeting in Shanghai on February 26 and 27.

Companies also shared examples of persistent market barriers that prevent full access to...

March 2nd, 2016
Pianpian Huang

A year after the amended Consumer Protection Law (CPL) was implemented, consumer complaints in China increased by 14.3 percent. And, as the number of online consumers in China continues to grow—302 million online shoppers spent 1.85 trillion yuan in 2013—the protections are increasingly necessary.

Officials revamped the 20-year-old CPL in 2013 to respond to the enormous changes in consumption patterns, structure and concept, and strengthen consumer rights...

March 2nd, 2016
Nick Marro and Yan Yu

China’s leading legislative body will convene March 3, with economic themes expected to be prominent on the agenda. Following the 2015 National People’s Congress (NPC) meetings, the government announced a broad agenda to stabilize the economy and continue reforms in the sectors that need it the most, such as in environmental sustainability, fiscal policy, and the reform of state-owned enterprises (SOEs).

China delivered on some 2015 commitments—such as passage of...

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