China Market Intelligence
During President Xi Jinping’s recent Washington visit, China missed its self-imposed deadline to provide a revised offer for the US-China bilateral investment treaty (BIT) negotiations and has not set a new target date to do so.
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.
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.
The Chinese Communist Party released its fourth plenum decision document—a paper announcing the outcomes from its October “party-building” session—last night.
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.
New amendments to China’s Budget Law now allow local governments to issue debt in domestic bond markets. Debt issuance is a central aspect of the revamped law, which was passed at the end of August and includes 22 news articles and more than 82 changes.
From recent investigations in the auto parts industry to “dawn raids” at foreign IT firms, China’s rising level of antimonopoly enforcement activity has raised concerns for many US companies doing business in China.
On July 25, the Shanghai Municipal People's Congress Standing Committee passed the 2014 China (Shanghai) Pilot Free Trade Zone Regulations, a new set of rules for managing the Shanghai Free Trade Zone (FTZ). The new regulations, which went into effect on August 1, vary little from the 2013 version.
The US-China Business Council (USCBC) advanced members’ concerns throughout 2013 by advocating directly with key Chinese government agencies, ensuring USCBC member issues were prioritized on the US government agenda for bilateral engagement, providing timely analysis of market and regulatory developments in China, and hosting informative events on a wide range of operational, political, and tra