Stricter party governance, centering on judicial reforms and the “rule of law,” is among the anticipated discussion topics for the Fourth Plenum of the 18th Chinese Communist Party (CCP) Congress, opening October 20 in Beijing.
China Market Intelligence
As US and Chinese government officials prepare for a busy season of bilateral engagement—including the November meetings of the Asia-Pacific Economic Cooperation (APEC) and a November bilateral meeting between Presidents Obama and Xi, US officials and their Chinese counterparts are hard at work on the
Little progress was made in transparency talks between the US Department of Commerce (DOC) and China’s State Council Legislative Affairs Office (SCLAO), as Chinese officials opted to wait on guidance coming out of this month’s party plenum.
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.
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.
Judicial pilot programs announced last week could reduce local protectionism in Chinese courtrooms and—over time—improve the quality of judges ruling on commercial cases, analysts say.
As the US government prepares for upcoming negotiations at the Strategic and Economic Dialogue (S&ED) in early July, separate discussions under the Joint Commission and Commerce and Trade (JCCT) framework are well underway.