China is determined to arrive at a high-standard Bilateral Investment Treaty (BIT) that will benefit US industry as soon as possible, said Li Chenggang, director-general of China’s Ministry of Commerce’s (MOFCOM) Treaty and Law Department and China’s lead BIT negotiator, at a USCBC luncheon program February 25 in Washi
China Market Intelligence
The following is adapted from a note from USCBC President John Frisbie to the USCBC board of directors
Senior Chinese leaders are confident that they have the policy tools to maintain economic growth without resorting to stimulus spending seen in past years. That was one key finding from a visit to Beijing May 4-5 by a delegation of the US-China Business Council (USCBC) Board of Directors.
US companies conducting government affairs (GA) in China face a wide range of challenges in interacting with government regulators and policy stakeholders.
China’s lead food and health safety regulator, the China Food and Drug Administration (CFDA), will focus on continued restructuring and increased enforcement efforts in 2015, according to statements made to the US-China Business Council (USCBC). USCBC led a group of eight companies in a roundtable discussion with Director General Yuan Lin of the CFDA in Beijing on December 5.
The elimination of joint venture restrictions and removal of “prohibited” and “restricted” labels for foreign investment in key sectors in the new draft Catalogue Guiding Foreign Investment (CGFI) mark progress for US companies in some sectors in China.
When a foreign company wants to construct a new building in China, it is required to work with a so-called “design institute,” a Chinese company that must approve every part of the design. Although this is ostensibly a simple process, US companies have found a number of challenges that frequently arise when working with design institutes.
Intellectual property has received high-level attention from the Chinese government in recent weeks, with government agencies actively touting progress on intellectual property (IP) issues, particularly increased enforcement activity and a growth in registered patents, trademarks, and copyrights through the first half of 2014.
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.