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.
China Market Intelligence
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.
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.
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.
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.
A key figure in the enforcement of China’s Antimonopoly Law (AML) insisted that Chinese regulatory procedures and AML enforcement are “in line with international standards” during a discussion with the US-China Business Council (USCBC) in Beijing last week.
China continues to significantly lag in its commitments to promote and implement regulatory transparency measures, according to a new US-China Business Council (USCBC) report. USCBC analysis of the National People’s Congress (NPC), the State Council, and selected Chinese government agencies shows varying levels of compliance with transparency commitments.
The US-China Business Council (USCBC) recently finalized recommendations for improving China’s administrative licensing regime, a long-standing concern of USCBC member companies.
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
Rising costs and intensifying domestic competition are combining to squeeze margins for many American companies in China, according to the US-China Business Council’s (USCBC) 2013 China Business Environment Survey.