The agreement includes considerable positive developments on issues concerning financial services, agriculture, and intellectual property. China has committed to purchase $200 billion of US goods above 2017 levels. The agreement contains a dispute resolution mechanism that aims to ensure faithful implementation.
China Market Intelligence
On September 7, the 13th National People’s Congress Standing Committee (NPCSC), China’s constitutional authority, released its five-year legislative plan, outlining and prioritizing major legislative tasks into three classes that, in princi
US companies now have stronger recourse against Chinese businesses that claim Chinese law as a protection for unfair practices.
The US-China Business Council (USCBC) recently submitted comments to the China Food and Drug Administration (CFDA) on the
Changes stemming from the implementation of China’s Food Safety Law threaten to block imports of a wide range of food products from countries unable to provide the necessary certificates.
Producers who violate China’s food safety standards could face stiffer penalties if a draft revision of the country’s Food Safety Law is approved later this summer.
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’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.
In the wake of a recent spate of food safety incidents, the State Council is evaluating proposed internal reorganization changes for the new China Food and Drug Administration (CFDA) and has also released its 2013 Work Plan on Food Safety.