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.
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October 11th, 2023
October 11th, 2023
On July 21, the National Health Commission (NHC), along with nine other ministries, launched an unprecedented year-long campaign targeting corruption that is long-entrenched in its healthcare sector. China’s leadership is looking to root out collusion between industry experts, hospital staff, and healthcare providers, specifically:
October 11th, 2023
Last month, the 14th National People’s Congress Standing Committee (NPCSC), China's top legislative body, released its five-year legislative plan for 2023 to 2028. The plan outlines a total of 130 legislative projects—the highest total since the NPCSC released its first five-year legislative plan in 1993, which had a total of 152 items.
September 28th, 2023
Dear USCBC members,
I write to update you on recent positive bilateral developments, USCBC’s efforts on your behalf, and our expectations for the rest of this year in Washington, DC. I also write to notify you of an upcoming change in USCBC senior leadership.
September 13th, 2023
The Chinese government has acknowledged the need to reverse the trend of foreign investors investing less in China.
A recent list of high-level State Council opinions directs policymakers to create and enact new pro-investment measures.
September 13th, 2023
China proposals will likely be tacked on to must-pass legislation, which will dominate the legislative agenda for the remainder of the year.
The House Select Committee on the CCP and Senator Chuck Schumer’s China policy package will both influence congressional action on China.
September 13th, 2023
US and Chinese airlines are gradually increasing flights between both countries.
China’s recent cancelation of its pre-departure COVID testing policy and announcement of a new visa-on-arrival policy will make business travel to China more convenient.
August 31st, 2023
US-China bilateral trade in goods saw a sharp contraction during the first half of 2023 after reaching a record high the year prior. The contraction in bilateral trade occurred amid a broader, albeit more modest, contraction in US-worldwide trade in goods, stemming from global and domestic economic woes that have led the WTO, IMF, and World Bank to forecast slower growth for global trade in 2023.
August 31st, 2023
In 2020, the Chinese government sought to rein in real estate developers’ high debt levels with the introduction of the “three red lines,” which imposed borrowing limits on real estate firms. While the move was meant to stabilize the industry, developers and local governments alike have been under financial pressure as developers face declining property sales and local governments see decreasing revenue from land sales.
August 31st, 2023
The commission has held its inaugural meeting, fulfilling a key task laid out at this year’s National People's Congress.
The commission will run China’s S&T initiatives, which include orienting the country’s research-to-commercialization pipeline toward state-selected sectors.
