US President Barack Obama on December 9 announced new steps in the administration's efforts to reform the US export control system--including a draft rule for comment that lays out new criteria and procedures for determi
China Market Intelligence
As the end of the two-month public comment period for China's proposed 12th Five-Year Plan (FYP, 2011-15) approaches, PRC policymakers are looking ahead to the next stage of the FYP drafting process: setting priorities for individual provinces and government agencies.
China's merger and acquisition (M&A) activity increased in 2010, and the country plans to continue promoting its M&A market at home and abroad.
At this year's Central Economic Work Conference, top PRC leaders decided to pursue a more "prudent" monetary policy in 2011, officially shifting away from the relatively loose monetary policy that has prevailed since 2008.
On the eve of a planned state visit by PRC President Hu Jintao in January, the annual US-China bilateral trade talks made varying degrees of progress in areas of concern to US companies, including indigenous innovation, government procurement, intellectual property rights (IPR), and market access barriers in agriculture, telecom, express delivery, and pharmac
China has strengthened oversight of cross-border money transfers and raised banks' foreign exchange reserve requirements to further curb non-trade and non-investment-related capital inflows.
China's leadership will be crucial to resolving global economic imbalances and political conflicts, former US Secretary of State Madeleine Albright said during a speech at the US-China Business Council's (USCBC) 2010 Gala, held in Washington, DC, last week.
With the full plenary meeting of the Joint Commission on Commerce and Trade (JCCT) just one week away, US and PRC officials are not expected to finalize the outcomes until the delegations meet in Washington, DC, on December 14-15.
Labor pressures in China will likely continue as the PRC government aims to strengthen employee benefits and increase wages.
China continues to tighten control over foreign representative (rep) office operations with the release of new requirements for registration renewals and stiffer penalties for violations.