US and Chinese senior government officials announced movement on key business issues during this year’s plenary session of the Joint Commission on Commerce and Trade (JCCT), an annual high-level discussion on business, commercial, and trade topics held this year in Beijing.
China Market Intelligence
During his trip to Asia earlier this month, Vice President Joseph Biden held a full day of meetings in China, marked by detailed discussions with key Chinese government officials including President Xi Jinping, Vice President Li Yuanchao, and Premier Li Keqiang as well as a
Accelerating the adoption of vehicle emission standards and promoting natural gas development were among key commitments agreed upon by US and Chinese representatives in a joint statement released at the end of Vice President Joseph Biden’s December visit to Beijing.
China’s National Development and Reform Commission (NDRC) has renewed its pledge to step up antimonopoly and price-fixing efforts in a year that has already seen an unprecedented number of price-related investigations.
Despite complications created by last month’s US government shutdown, US and Chinese officials have concluded most remaining working group meetings in advance of pending US-China Joint Commission on Commerce and Trade (JCCT) talks.
Over the course of the past year more than 21 Chinese government agencies and ministries have released or have said they will soon release new innovation-driven development policies.
China’s National Energy Administration (NEA) has recently been soliciting comments on draft measures that would open up oil and gas pipeline networks to third-party usage, according to Chinese news sources.
At the end of September, China requested formally to join negotiations for the Trade in Services Agreement (TISA), an effort that aims to remove barriers to services trade among negotiating parties. If China becomes party to TISA, its entry will add complexity to the talks and dramatically expand the value of overall negotiations.
Expanding the size, efficiency, and diversity of China’s healthcare sector to meet growing consumer demand are key aims of guidelines released by China’s State Council on October 14. The guidelines introduce policies that it says will lower healthcare costs, expand health insurance coverage, and increase industry competitiveness.
Recent severe smog incidents in northeast China have cast the country’s environmental problems back into the spotlight.