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