China Market Intelligence

June 14th, 2023
By Haoting Luo and Zach Tomatz

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
By Zach Tomatz and Annie Whitehurst

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
By Rory Murphy

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
By Annie Whitehurst 

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
By Jason Zhou

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
By USCBC Staff

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
By Zach Tomatz

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...

March 30th, 2023
By Joseph Rafshoon
The chair of the newly established select committee has a background in defense policy while the ranking member does not, but both are emphasizing similar priorities for the committee. Individual members have begun suggesting new policies, but the committee—which lacks legislation power—has not officially endorsed any proposals yet.
March 30th, 2023
By Annie Whitehurst
At the National People’s Congress, China announced major financial restructuring, with the role of the party becoming greater. The changes are intended to improve China’s financial stability and mitigate financial risks.
March 20th, 2023
By USCBC Staff
The bodies overseeing financial, social, science and technology, and Hong Kong and Macao work have shifted to direct party control.

Pages