A bill to alter the de minimis provision was recently approved by the House committee with jurisdiction over trade.
The bill would subject many products from China to tariffs they were previously able to bypass.
Since it lacks Democratic support, the chances of it becoming law in Congress this year are slim.
China Market Intelligence
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May 9th, 2024
April 18th, 2024
The Biden administration has characterized its strategy for regulating commerce with China as a “small-yard, high-fence” approach, saying it will promote what it can and protect what it must. Under this framework, access to certain dual use technologies and services is controlled, while other, non-sensitive areas are not restricted, tariffs notwithstanding.
April 18th, 2024
The US-China Commercial Issues Working Group (CIWG), the first commercial bilateral mechanism between the United States and China in seven years, recently concluded its first meeting, which took place in Washington, DC.
April 18th, 2024
China has seen several high-level personnel changes at the central and provincial levels over the last few months. On February 7, Wu Qing (吴清), previously the deputy party chief of Shanghai, assumed the role of chairman of the China Securities Regulatory Commission (CSRC), succeeding Yi Huiman (易会满).
April 5th, 2024
Deflation, overcapacity, and lack of confidence present major hurdles for consumption in China and for the country’s economy at large.
While the Chinese government has long acknowledged these challenges, it has struggled to develop a comprehensive strategy to incentivize spending.
April 3rd, 2024
China’s leadership is ramping up engagement with foreign business executives as the country works to increase foreign direct investment, which reached a 30-year low in 2023 amid poor sentiment from the business community driven by concerns over weak demand, overcapacity, geopolitical uncertainty, and long-standing regulatory issues.
April 3rd, 2024
After six months of anticipation, the Cyberspace Administration of China (CAC) finalized the Provisions on Facilitating and Regulating Cross-Border Data Flow on March 22, representing a pivotal step in the evolution of China's data governance landscape. The provisions serve as a final rule to the draft rule released in September 2023.
April 3rd, 2024
With Representative Mike Gallagher (R-WI) leaving Congress on April 19, House Speaker Mike Johnson (R-LA) was tasked with picking Gallagher’s replacement to chair the Select Committee on the CCP. Within a couple of days, Johnson chose Representative John Moolenaar (R-MI), a five-term congressman and current member of the select committee.
April 1st, 2024
I recently returned from three weeks in China, where I met with dozens of members, Chinese officials, the US Embassy in Beijing, the US Consulate in Shanghai, and our staff in Beijing and Shanghai. While there, I also attended the China Development Forum, and as many may already be aware, took part in a meeting with President Xi Jinping. Allow me to share insights and impressions below.
March 20th, 2024
On March 5, during the annual Two Sessions conference, China released its government budget report, which lays out how the state intends to spend in 2024. This year’s budget is conservative, with increases to revenue and expenditure in line with previous years. While it does introduce some new tools aimed at promoting self sufficiency in science and technology and consumption, it shows no indication of a shift away from supply side support. Many economists argue significant adjustments are...
