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 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.
Since China's Antimonopoly Law (AML) took effect August 1, it has generated substantial public interest, as well as some important initial tests. Two of the most recent AML-related developments are the dismissal of China's first AML case and the National Development and Reform Commission's (NDRC) completion of new regulations against monopoly pricing.
The United States and China made incremental progress on consumer safety issues at the fourth SED on June 17-18 in Annapolis, Maryland, but no progress was made on troublesome market access issues for meat products.
The Standing Committee of the 11th National People's Congress (NPC) last week released its 2008 work plan and legislative agenda, outlining the draft laws and amendments it plans to review (see Table).
In the wake of international warnings regarding toothpaste and wheat gluten made in China, the PRC State Council last week publicized China's 11th Five-Year Plan (FYP, 2006-10) for Food and Drug Safety. The FYP broadly aims to better monitor food and pharmaceutical safety and clamp down on the production and sale of counterfeit and inferior foods and drugs and other related illegal activities.