China Market Intelligence

May 30th, 2018
By Sun Yi

China’s real estate market has long benefitted investors, with its astronomical growth rate and nonexistent property tax, but that might be changing. To rein in real estate prices and curb speculation, the National People’s Congress in March renewed discussions of property taxes.

China’s legislature has not yet put forward a detailed plan, but Vice Minister of Finance Shi Yaobin discussed several key elements at a news conference in March:

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May 21st, 2018
By USCBC Staff

The US and China over the weekend put tariffs on hold, but an agreement on broader trade tensions has not been reached and tariffs cannot be dismissed in the future, given continuing differences within the Trump administration on China trade policy.

Last week’s discussions focused primarily on reducing the US trade deficit with China, not on more structural issues such as market access barriers and level playing field concerns, or on China’s inadequate protection...

May 2nd, 2018
By Patrick Lozada

As China pushes for technological advances and autonomous vehicles (AVs), new government regulations released in April could have implications beyond the automotive industry. The new rules regulate liability, test driver qualifications, data reporting, and data storage.

More than half of new vehicles sold in China will have some form of autonomous capacity by 2020 if the government meets its goals, and more than 15 percent will be highly autonomous by 2025. The new...

May 2nd, 2018
By USCBC Staff

Following two years of decline, the United States exported more goods in 2017 to China than ever before– in excess of $127 billion. China also continues to be a major growth market for US services exports, and is virtually tied with Canada as the second-largest services market for the United States. The US-China Business Council’s (USCBC) 2018 annual report on state exports, released Monday, highlights the continued...

March 7th, 2018
By Owen Haacke

Beijing has released a number of policies to improve the environment and transition to clean, energy-efficient industry, resulting in the shuttering of high-pollutant operations. Strong central government and party-led environmental enforcement campaigns in 2017 to cut pollution reduced capacity and raised costs in some industries. Environmental enforcement, based on the 2015 Environmental Protection Law, remains a top priority for the government. In 2018, China aims to continue to...

March 7th, 2018
By Owen Haacke

Eighty-nine percent of US-China Business Council (USCBC) member companies view rising costs as a top concern in the China market, according to USCBC’s 2017 Member Survey. Costs have been a top concern for China operations for more than a decade.

Labor is the top cost for companies

The leading cost concern for American companies in China is human resources. Wages continue to increase significantly year to year:

Seventy-three percent of...

February 7th, 2018
By David Solomon

China’s National Development and Reform Commission (NDRC) recently announced its 2018 priorities for pricing investigations under the anti-monopoly law (AML), listing key industries in which it says price-fixing tactics impact the day-to-day lives of Chinese citizens.

According to a CCTV report, NDRC will intensify enforcement in bulk pharmaceutical chemicals, scarce drugs, medical devices, automotive equipment, natural gas, tap water, electricity, industrial raw...

December 13th, 2017
By Owen Haacke

Despite indications that US companies expect growth in revenue and profitability next year in China, concern about possible trade actions was evident  in polling USCBC members who attended the Shanghai China Operations Conference on November 30. USCBC used interactive live polling provided by Wolfpack Response Ltd. during the conference, which allowed the audience to provide real-time feedback during panel sessions led by experts.Seventy six percent of the audience expects trade tensions to...

November 8th, 2017
By David Solomon

Chinese regulations on tendering and bidding practices published by the Ministry of Finance (MOF) in July are a promising sign for US pharmaceutical and medical device manufacturers that government procurement behavior will be better regulated to guarantee consideration of quality alongside price. However, true improvement for the industry will require regulators to faithfully implement the law and refrain from unofficial practices such as local favoritism, which sometimes plague...

October 25th, 2017
By David Solomon

The US-China Business Council (USCBC) recently submitted comments to the China Food and Drug Administration (CFDA) on the Implementation of Food Safety Law of the People’s Republic of China. USCBC’s submission highlighted articles in need of further clarity or adjustments as CFDA seeks to improve nationwide food safety and security through the finalized law.

USCBC’s letter addresses a variety of concerns raised by its members by:

Calling for...

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