China Market Intelligence

August 6th, 2008

After months of speculation about potential export tax rebate changes due to slowing exports, the State Administration of Taxation and Ministry of Finance on July 30 released a notice that adjusts China's export value-added tax (VAT) rebates. Most notably, the VAT rebate rose from 11 percent to 13 percent on several categories of textile and apparel products, including silk, wool yarn and fabric, cotton yarn and fabric, and several types of industrial-use textiles and synthetic fibers and...

May 7th, 2008

The US-China Business Council (USCBC) last week released the next in a series of reports intended to inform the debate about US trade with China--an update of congressional district exports to China. The new report found that nearly all districts across the country registered triple-digit increases in their exports to China since 2000, showing the success of US exporters from every region of the United States in the China market.

The analysis, undertaken by the Trade Partnership,...

April 9th, 2008

The Ministry of Commerce (MOFCOM) released its 2008 Leading Opinion on Attracting Foreign Direct Investment (FDI) last month. In addition to reiterating long-standing FDI policies that encourage investment in clean and energy-efficient industries, the high-tech and services sectors, and central and western China, the report also highlighted some of last year's key investment dynamics. These included considerable growth in services sector FDI--more than half of all new foreign-invested...

March 12th, 2008

All US states have significantly increased their exports to China since 2000, but some--such as Michigan, Ohio, and Pennsylvania--have been more successful than others, according to a new US-China Business Council (USCBC) report. All three states exported more than $1 billion to China last year, and have had triple-digit growth in exports to China since 2000.

Overall, China now is the third-largest purchaser of US goods and services, behind only Canada and Mexico. US exports to China...

February 20th, 2008

The US trade deficit with China in 2007 reached $256.3 billion, the highest deficit the United States has recorded with any single economy, according to newly released US government trade figures. At the same time, 2007 was a banner year for US exporters: China now ranks as the third-largest US export market, surpassing Japan. US exports to China grew more than 18 percent, faster than imports from China in 2007. China also became the top source of US imports, overtaking Canada last year. The...