Business travel to China has become somewhat easier than in the early days of the pandemic. That said, it remains far more complex, costly, and unpredictable compared to pre-pandemic travel. Travel hurdles include flight booking: Direct flight routes from the United States to China are extremely limited. Until very recently, flights were also subject to cancelation at any time. As a result, ticket prices are many times higher than prior to the pandemic. Visa application: The requirements and...
China Market Intelligence
Top Stories
November 16th, 2022
The United States’ announcement of export controls on China’s semiconductor manufacturing and advanced computing sector last month represents the latest in a series of US efforts to maintain as wide a lead as possible over China, a national security imperative in the eyes of the Biden administration. Industry representatives in China have issued statements opposing the controls, which threaten to choke off China's access to advanced chips, software, and other commercial activities that are...
November 16th, 2022
US-China bilateral trade in goods remained strong overall between July and September of this year. The result was an 11.4 percent increase in trade over 2021 and an 8.2 percent increase compared to the previous quarter, during which Shanghai—China’s largest financial center—experienced widespread lockdowns. Bilateral trade appears to have peaked within Q3, however, with the US data for September showing a slight decline in both exports and imports. Declining shipping rates and preliminary...
November 15th, 2022
My first time coming to Shanghai was in 1988. Since then, with each successive visit, the city I’ve experienced changes dramatically. This visit was no different. Uncertainty created by COVID-19 controls pervades every aspect of daily life on the ground, but the dynamism of China’s market is still visible. After my release from quarantine and subsequent conversations with many members, I heard frequent expressions of optimism about long-term prospects in China; and in engagement after...
November 2nd, 2022
The National Defense Authorization Act (NDAA), the annual must-pass legislation authorizing funds for US defense purposes, has become a vehicle to push through China-related policy priorities in recent years. While the NDAA for fiscal year 2023 is unlikely to be finalized until December, the House has already put forward several China-related provisions in its version of the bill, and the Senate is considering several China-related amendments to the version approved by the Senate Armed...
November 2nd, 2022
Over the past three years, companies shipping goods between the United States and China have faced lockdown-related disruptions in China, a labor shortage in the United States, and a worldwide shipping container shortage. While decreased demand, a shift in ocean shipping traffic, and increased air cargo capacity are helping to alleviate some of the challenges, there is still a looming threat of costs and transit times going back up.
November 2nd, 2022
The Uyghur Forced Labor Prevention Act (UFLPA) went into effect on June 21, six months after it was passed with broad bipartisan support. The law has been implemented and enforced by the interagency Forced Labor Enforcement Task Force (FLETF) and Customs and Border Protection (CBP) over the past four months. USCBC has actively engaged with the administration throughout the implementation process to highlight the importance of cooperation with industry stakeholders.
October 24th, 2022
China’s 20th Party Congress meetings closed on October 22 after the election of a new Central Committee of 205 members and 171 alternates and the approval of numerous revisions to the party constitution. The next day, at the first plenary session of the 20th Central Committee, the 24-member Politburo was elected from Central Committee members, and China’s highest leadership body—the seven-member Politburo Standing Committee (PBSC)—was chosen from this group.
October 18th, 2022
On October 16, President Xi Jinping delivered his 20th Party Congress Work Report in the Great Hall of the People, marking the opening of the week-long 20th Party Congress of the Chinese Communist Party (CCP). Occurring every five years, the Party Congress not only chooses top Party personnel, but also establishes high-level political priorities for the subsequent five years. Over each five-year period, the Party then generally convenes seven plenary sessions, during which major policy...
October 13th, 2022
It has been nearly three years since I have set foot in China. Prior to the COVID-19 pandemic, I would travel to China several times per year for important conversations. However, restrictions imposed by China on international travel in March 2020 have made trips nearly impossible for all but the most dedicated China hands, even despite some small adjustments to facilitate visas, increase flight availability, and shorten quarantines. Just a few months shy of the 50th anniversary of USCBC’s...
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Export Controls and Sanctions Tracker
Export controls and sanctions continue to be an important economic tool in each US administration’s China strategy. The export controls and sanctions tracker lists all active Commerce, Treasury, and State Department export controls aimed at China.
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