While Blinken’s visit to China yielded limited progress on substantive policy disagreements between the United States and China, it laid the foundation for subsequent senior-level delegations and exchanges in the near term.
China Market Intelligence
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June 23rd, 2023
June 14th, 2023
The latest economic and trade data point to a continued slowdown for US-China trade.
US-China bilateral trade in goods decreased significantly year over year in Q1 and again in April despite US-worldwide trade remaining more or less the same.
June 14th, 2023
China's protection and enforcement of intellectual property (IP) rights remains a key challenge for both US companies and a key issue for the US government. The Office of the US Trade Representative said in its 2023 Special 301 Report that the slow pace of China’s IP reform is a “serious concern.” The Chinese government has also long acknowledged the need to better protect domestic and foreign firms’ innovations. Recent patent filing data released by the National Intellectual Property...
June 14th, 2023
Over the last several months, both the United States and China have issued plans to support standards-setting activities in emerging sectors in an attempt to ensure first-mover advantages over one another and their global competitors. But if countries’ standards move further apart over the long term, these plans may undermine global firms’ ability to conform their operations and products with varying standards, impacting both technological interoperability and operating costs.
May 11th, 2023
On April 26, the Standing Committee of the National People’s Congress voted to adopt revised amendments to China’s Anti-Espionage Law. The amendments go into effect on July 1 and mark the first changes to the law since it was promulgated in 2014. The amended law further formalizes the state's power to target activities in the name of national security, with a particular focus on data and information flows.
May 11th, 2023
In an April 24 speech, Representative Ro Khanna (D-CA), a member of the new House Select Committee on the CCP, outlined his vision for the future of the US-China relationship. Khanna argued that the United States must be willing to suspend China’s permanent normal trade relations (PNTR), saying: "Prior to joining the [World Trade Organization], US law required China’s [PNTR] status to be renewed annually. This status is a privilege, and the US should decide this status annually—as we once...
May 11th, 2023
In the first quarter of the year, China’s economy expanded by 4.5 percent, exceeding economists’ growth expectations of around 4 percent. The first quarter performance is a step toward reaching China’s 2023 growth target of 5 percent and is indicative of a return from its COVID-stunted economy. However, concerns continue to linger amid declining manufacturing and questions surrounding the durability of the consumption rebound. Down the line, China’s economy will continue to face productivity...
April 26th, 2023
On March 31, China’s Cybersecurity Review Office announced a cybersecurity review (CSR) investigation into US chipmaker Micron, citing supply chain security and cybersecurity risks. This investigation has spurred questions and concerns about the CSR process and whether it will create new compliance difficulties for US companies moving forward.
April 26th, 2023
The Uyghur Forced Labor Prevention Act (UFLPA) has been a game changer for forced labor import bans. Its broad scope, covering anything made “in whole or in part” with input from Xinjiang or entities blacklisted on the UFLPA entity list, has forced companies to rethink supply chain traceability in China and the region. As US Customs and Border Protection (CBP) detentions under the law cross the $1 billion threshold, the agency is performing a tough balancing act between trying to limit...
April 26th, 2023
Since reform and opening began nearly 50 years ago, China’s private sector has played an increasingly important role in the economy, accounting for 60 percent of GDP, 70 percent of innovative capacity, 80 percent of employment, and 90 percent of new jobs. The private sector’s importance led economic and political planners to hold to a “market-led, government-guided” model, which maintains that enterprises operate on market principles but are also subject to government mandates for industry...
