Sixty-five percent of US-China Business Council (USCBC) member companies experience challenges with licensing and approvals to operate in the China market, according to USCBC’s 2017 Member Survey. Licensing and approvals rose to the second-most prominent challenge for US companies in the China market, behind competition with Chinese companies. In the past decade, licensing has consistently ranked among the top 10 priority issues in USCBC’s annual survey.
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Wholly foreign-owned enterprise (WFOE) wealth management firms can now directly invest in the Chinese market as a result of new licensing reforms. This positive step in the liberalization of the Chinese economy will allow WFOEs to compete with domestic counterparts and eliminate the need to partner with a local joint venture (JV) for onshore investment.
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China is one of 11 countries presenting the most significant concerns regarding IPR protection and enforcement, according to the Office of the United States Trade Representative’s (USTR) annual Special 301 Report. USTR places trading partners on the Priority Watch List or the Watch List for problems with IPR protection, enforcement,...
The US-China Business Council (USCBC)’s revised recommendations on improving China’s licensing system call for foreign-invested and domestic firms to be treated equally in all licensing processes throughout China.
USCBC’s membership survey...
US and Chinese government officials are gearing up for the eighth annual Strategic and Economic Dialogue (S&ED) in early June in Beijing. Priority issues for negotiators regarding US industry include industrial overcapacity, investment liberalizations, intellectual property rights, and transparency. The talks coincide this year with Beijing’s role as G20 host, the final year of the Obama administration, and worries...
The next few months will be a busy time for issues related to intellectual property (IP), coming on the heels of a flurry of bilateral IP meetings in May and June. At a June 30 briefing in Washington, DC, co-hosted by the US-China Business Council (USCBC), US Patent and Trademark Office (USPTO) Director Michelle Lee discussed the current uptick in engagement between the US and China on IP matters, including high-level meetings with senior Chinese government officials in late May, IP-related...
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