Chinese commitments to boost transparency of technology and security policies and improve trade secret protection were key at this year’s US-
China Market Intelligence
Despite progress on competition concerns at the December 2014 Joint Commission on Commerce and Trade (JCCT) meeting, competition enforcement under the Antimonopoly Law (AML) remains a high-profile concern for many US companies in China.
Companies can expect some openings in China’s newly issued list of industries off-limits to foreign investment in the recently unified free trade zones (FTZs), though many investment restrictions important to industry groups remain unchanged.
The State Council on March 23, 2015 issued a notice requiring all ministries and affiliated institutions under the State Council to complete and publish English translations of relevant trade-related department rules.
China’s leading legislative body showed a worse performance in regulatory transparency in 2014, while other agencies continued to fare poorly in the US-China Business Council’s (USCBC) annual Regulatory Transparency Scorecard, which will be released at the end of March.
Last year, China’s 12th National People’s Congress (NPC) laid out a legislative agenda to address some of the most pressing issues facing the nation. And indeed, the topics discussed in 2014's NPC meeting did see movement.
Though 2014 was a busy year for enforcers of China’s relatively new Antimonopoly Law (AML), the number of investigations filed during the final quarter of 2014 fell significantly, according to US-China Business Council (USCBC) analysis.
From the declarations of reform made at the Central Economic Work Conference to the promises of the third plenum, Chinese officials have continually made bold statements about reform intentions.