China Market Intelligence

November 29th, 2023
By Allison Lapehn and Lance Yau

A four-hour meeting between President Joe Biden and President Xi Jinping on the sidelines of this year’s APEC summit in San Francisco served as a pivotal juncture in thawing relations between the United States and China. The meeting laid the groundwork for expanding communication across multiple levels of government, but it remains to be seen what this will look like in practice and how it will impact US-China commercial relations.

November 29th, 2023
By John Clark, with assistance from Bowei Wang and Gavin Fu

US-China bilateral trade in goods increased 6.8 percent over the previous quarter during Q3 2023, the first quarterly increase since bilateral trade first dived in Q4 2022.

November 21st, 2023
By Craig Allen

Dear member, 

Those who follow closely will know I have been using a dance metaphor to describe the US-China relationship for the last year. The complexity and pace of this dance accelerated until the much-awaited summit on Wednesday, November 15, near San Francisco between President Biden and President Xi. The summit was followed by a dinner co-hosted by USCBC and the National Committee on US-China Relations (NCUSCR) and featured remarks from President Xi, Commerce Secretary Gina...

November 8th, 2023
By Rory Murphy

In May, USCBC published an article about the troubling number of proposals being discussed in Congress and on the campaign trail calling to revoke China’s Permanent Normal Trade Relations (PNTR) status. This is a position held by the three frontrunners for the Republican presidential nomination in 2024.

November 8th, 2023
By Zach Tomatz

After years of conflicting reports on the health of the Belt and Road Initiative (BRI), a recent summit in Beijing indicated that the project is moving in a new direction. On October 17 and 18, China hosted the third Belt and Road Forum for International Cooperation to set the agenda for the next decade.

November 8th, 2023
By Annie Whitehurst and Gavin Fu

From October 30 to 31, China convened the twice-a-decade Central Financial Work Conference, an agenda-setting moment for the financial sector. This year’s event took place amid ongoing local government and property sector debt challenges. The last conference took place in 2017 and set the stage for China’s financial deleveraging campaign, which continues today. China’s top officials, including senior financial leaders and all members of the Politburo Standing Committee, were in attendance....

October 25th, 2023
By Greyson Mann

On October 23, 2023, the Commerce Department began accepting full applications on a rolling basis for $39 billion in direct investments in US semiconductor firms, along with $75 billion earmarked for loans and loan guarantees allocated in the CHIPS and Science Act of 2022 (CHIPS Act). Commerce previously accepted optional pre-applications. The funds are intended to boost domestic semiconductor production facilities and create jobs.

October 25th, 2023
By Annie Whitehurst

China’s third quarter economic data exceeded expectations, growing 4.9 percent year-on-year. According to China’s National Bureau of Statistics, this growth puts China on track to reach its 5 percent annual economic growth target, provided fourth quarter growth reaches at least 4.4 percent. Although parts of the economy showed signs of a recovery, systemic problems persist, which could complicate long term growth prospects.

October 25th, 2023
By Joseph Rafshoon

With the Iowa caucuses less than three months away, the Republican presidential primary race is intensifying, and that includes their respective stances on China. The candidates all share a "tough on China" approach, but their views range from a more hardline policy that would reshape the US-China relationship to the traditional conservative approach that would not completely rupture the relationship.

October 11th, 2023
By Gillian Daley

Congress is currently debating the National Defense Authorization Act (NDAA) for fiscal year 2024. In recent years, the NDAA has been a key vehicle for passing China-related legislation, and this year’s bill will be no different.