At last year’s National People’s Congress (NPC), China launched a massive government restructuring to streamline policymaking and enforcement. Throughout the months-long reorganization process, the government continued to move ahead with policy reforms in some areas, while other regulations on the NPC 2018 work plan were not addressed.
China Market Intelligence
US companies with an “in China, for China” strategy regularly work to improve responsiveness to consumer demands in an effort to remain competitive. The pace of change is faster in China than other global markets, and constant adaptation of strategy and products can be necessary.
The complicated US-China relationship is a reflection of the successes of both nations, rather than failures, according to former National Security Advisor General Brent Scowcroft, who was honored at the US-China Business Council’s 2017 Gala on December 6.
Recent Pew Research Center surveys show that as more Americans hold a favorable opinion of China and America’s image has weakened globally, global perceptions
As of January 1, married couples in China can have two children, marking the official end to the 35-year, one-child policy.
Modern tools like WeChat, the world’s largest instant messaging service, allow companies in China to communicate more efficiently, make quick internal decisions, and close sales on the go. However, embracing new communication technologies in China also presents new challenges for companies in maintaining compliance with US and Chinese anti-corruption legislation.
Minster of Human Resources and Social Security (MOHRSS) Yin Weimin announced on March 10 that China will slowly extend the mandatory retirement age, a policy that impacts companies’ ability to retain and hire seasoned talent. Adjustments to the retirement age will take time; Yin indicated the new changes will be implemented as late as 2022.
Last year, China’s 12th National People’s Congress (NPC) laid out a legislative agenda to address some of the most pressing issues facing the nation. And indeed, the topics discussed in 2014's NPC meeting did see movement.
China’s sweeping overhaul of its decades-old residency system has the potential to boost consumer spending, increase labor mobility, and open up new investment opportunities in urban infrastructure.
American views on China are dimming, even while Chinese attitudes toward the United States have become more positive in recent years, according to an annual survey by the Pew Research Center.