Senior Chinese leaders have repeatedly insisted China is improving market access and the investment environment, improving the protection of intellectual property, and ensuring equal treatment of foreign and domestic companies in China. “China’s door of opening-up will not be closed and will only open even wider!” exclaimed President Xi Jinping at the 2018 Bo’ao Forum.
While many foreign companies report positive momentum in China’s economic reform efforts, a...
Despite recent announcements that intended to reduce uncertainty surrounding foreign investment restrictions, doubts remain about China’s commitment to and timeline for meaningful changes to its investment regulatory regime. A January 10 State Council decision to temporarily suspend certain foreign investment restrictions in the free trade zones (FTZs) appears to be only an attempt to clarify that existing liberalizations in the FTZs supercede national restrictions in those areas....
USCBC’s comparative chart of China’s new and past foreign investment catalogues demonstrates that the new Catalogue Guiding Foreign Investment closely aligns with a draft released in late 2016 and opens only a few new sectors to foreign investment. The newest version, which takes effect July 28, also makes incremental progress in shifting China’s foreign investment regime to a negative list-style system like the one employed in China’s free trade zones. USCBC released initial...
Chinese Investment in the US: 2017 Mid-Year Analysis
Based on data from the first half of the year, 2017 appears to be on track to continue at the high level of Chinese investment in the US that was seen in 2016, according to a recent briefing by Rhodium Group, though much of that so far has consisted of carry over deals from last year. The Commerce Department’s SelectUSA program, which aims to attract foreign investment to the US, will be...
Some new investment openings appear to be on the horizon in China, according to US-China Business Council (USCBC) sources, but the number and significance remain up in the air.
A revision of the Catalogue Guiding Foreign Investment (CGFI), which incorporates restrictions on foreign investment in China, is nearing finalization. At a May 25 news conference, Ministry of Commerce (MOFCOM) spokesman Sun Jiwen said openings were expected in high-end and automobile...
China officially launched seven new free trade zones (FTZ) this month, expanding upon the four existing FTZs and including inland areas for the first time. The expansion allows more provinces to take part in reforms piloted in the Shanghai FTZ since 2013, and focus on promoting regional development.
The Shanghai FTZ...
Chinese leaders reinforced commitments to globalization and opposition to protectionism during a set of two major forums attended by leaders from international industry, government, and academia in March. Across panels at the China Development Forum and Boao Forum for Asia, a consensus emerged that industrial automation, advances of the digital economy, and technological change will lead to the elimination of...
A small number of investment openings are expected as part of a revised list of sectors open to foreign investment, National Development and Reform Commission (NDRC) representatives told a group of US-China Business Council (USCBC) member companies during a recent meeting. The list is expected in the first half of 2017.
...Facing ongoing pollution challenges and a push to diversify energy sources, China’s energy planners kicked off 2017 by announcing an array of 13th Five-Year Plans (13FYPs). Offering quantifiable short-term goals for limiting reliance on coal in favor of oil and gas, these plans collectively focus on emissions cuts, renewable energy development, and improved energy industry efficiency, while encouraging...
US-China Business Council (USCBC) President John Frisbie recently traveled to Beijing and Shanghai for a weeklong visit to encourage senior Chinese officials to move forward with implementing meaningful openings that will send a strong signal to foreign investors that economic reform will continue. Frisbie encouraged regulators to address the stagnating reform effort to counter business community frustration...
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