Senior Chinese leaders have repeatedly insisted China is improving market access and the investment environment, improving the protection of intellectual property, and ensuring equal treatment of foreign and domestic companies in China.
China Market Intelligence
China’s economic policymakers today released a revised list of restricted sectors for foreign investment, which incorporates liberalizations announced during recent months.
On Friday, China’s State Council released a revised list of investment restrictions that may allow companies in a number of industries additional market access in the 11 designated free trade z
In November, Chinese and US negotiators surprised the global business community by announcing an end to a standoff over high-technology tariffs. In agreeing to move forward with the World Trade Organization’s (WTO) Information Technology Agreement (ITA), China paved the way for the slashing of tariffs on items from semiconductors to video game consoles.
Overcapacity, or a glut of production capabilities, is a growing concern for US-China Business Council (USCBC) member companies in their China operations, according to USCBC’s 2014 business environment survey.
Foreign testing labs and certification providers may now apply for the right to offer services related to the China Compulsory Certification (CCC) mark, a safety mark for products sold or used in the Chinese market. Previously, foreign companies were allowed to provide services only for goods exported from China to other markets.
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.
The PRC Ministry of Commerce (MOFCOM) recently released the Outline of the 11th Five-Year Plan (FYP) on Developing Services Trade (2006-10), which sets growth targets and broad objectives and details sector-specific goals.
The US Embassy in Beijing recently formed a sub-unit within its Trade and Investment Policy Unit to track developments in major sectors of the services industry and to analyze PRC government policies that may cut across multiple service sectors. The embassy is soliciting feedback from US companies on expanding market access opportunities for US service providers.
As reported in the April 4 CMI, the PRC State Council recently issued an opinion on developing China's services sector, which proposed forming a task force--or "leading group" in PRC government terminology--to manage services sector development.