China Market Intelligence

December 20th, 2012
Greg Levesque

The Chinese government has released another round of new provincial Chinese Communist Party (CCP) secretary appointments in Fujian, Guangdong, Guangxi, Inner Mongolia, Jilin, Shaanxi, and Zhejiang provinces. The government also announced new leadership postings, including acting governors in Jilin and Shanxi provinces and new heads of the Ministry of Transportation and the State Administration of Work Safety (SAWS).

The US-China Business Council (USCBC) continues to track ongoing...

December 20th, 2012
Ryan Ong

Senior officials from the United States and China announced progress on a number of priority commercial issues made in this year’s plenary session of the US-China Joint Commission on Commerce and Trade (JCCT), an annual series of discussions on commercial and trade issues. This year’s talks in Washington, DC were expected to have more modest outcomes, given ongoing political transitions in both China and the United States, but the two sides announced some progress on an array of important...

December 20th, 2012
Jake Parker

China’s newly appointed senior leaders met with senior economic planners for the first time on December 15 and 16 to set economic policy goals for 2013, in a meeting that many had pegged as a key leading indicator for new policy directions from the new leadership. Although many of the objectives laid out at the conference closely follow prior statements on economic policy, some observers point to a change in tone that could signal greater impetus for reforms.

The annual Central...

December 20th, 2012
USCBC staff

Each year, the US-China Business Council (USCBC) surveys its member companies to gauge the business climate in China and assess the top challenges of doing business there. In October 2012, USCBC released a report on the major findings of its annual survey, including the top 10 priority issues identified as by USCBC member companies.

This report dives deeper into five key areas touched upon in the initial survey report: human resources and rising costs of doing business in China;...

December 20th, 2012
John Lenhart and Julie Walton

Staff from the US-China Business Council (USCBC) and member companies recently communicated concerns about challenges in licensing and approvals procedures and the protection of intellectual property rights (IPR) in meetings with officials from China’s Ministry of Commerce (MOFCOM) and the State Administration of Industry and Commerce (SAIC). The meetings offered USCBC and member companies the chance to express concerns on specific problems that fall under two of USCBC’s top ten concerns,...

December 12th, 2012

USCBC President John Frisbie was featured on CNN on November 15 in a story about US companies that are having success exporting to China.

December 12th, 2012
Stephanie Henry

As the United States and China prepare for the upcoming plenary session of the US-China Joint Commission on Commerce and Trade (JCCT), US officials are prioritizing topics to be discussed and determining potential deliverables spanning a variety of industry sectors. Expected to take place on December 18 and 19, this year’s JCCT will likely be the last for Vice Premier Wang Qishan and US Trade Representative Ron Kirk.

In preparation for this year’s JCCT, working groups have interacted...

December 12th, 2012
John Lenhart

China’s public procurement policies—regulations that govern how and what products can be purchased using public funds—have been a source of controversy in recent years, both for their connection to protectionist practices and policies for their influence over China’s negotiations to join the World Trade Organization’s (WTO) Agreement on Government Procurement (GPA). According to the Ministry of Finance, China’s public procurement market grew 10-fold over the last 10 years to $180 billion in...

December 12th, 2012
Jake Parker

Updates to China’s corporate income tax regulations (CIT), which come into effect on January 1, 2013, will change the way that all companies with branch offices in China—domestic and foreign— file CIT. In June, the State Administration of Taxation, People’s Bank of China, and the Ministry of Finance jointly released a new regulation (known as Circular 40) requiring annual tax refunds or bills to be settled with local tax bureaus, meaning companies must conduct an additional annual tax filing...

December 12th, 2012
Yuqing Fu

Companies should experience easier foreign exchange procedures in regards to their investment as a result of streamlined procedures introduced in a new circular that the State Administration of Foreign Exchange (SAFE) published on November 21. The notice, which will come into effect on December 17, simplifies or eliminates a number of approval procedures that foreign investors previously encountered. SAFE’s push to streamline procedures appears to be a response to growing concerns about...

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