Recent research from the US-China Business Council shows US exporters increasingly face the threat of sanctions resulting from anti-dumping (AD) and countervailing duty (CVD) investigations in China.
China Market Intelligence
PRC premier Wen Jiabao concluded the two-day National Financial Work Conference in Beijing on January 7, in which he stressed reforming the financial sector over the next five years. The plans include strengthening systematic risk management in the financial sector and encouraging financial support for China's economic restructuring.
Transforming China’s industrial structure, encouraging services outsourcing, and protecting intellectual property rights are among the most important macroeconomic priorities for 2012, according to announcements from the PRC National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM).
Merger and acquisition (M&A) review activity picked up in the last few months of 2011. Recent regulatory changes and landmark cases have shed further light on how the PRC Ministry of Commerce (MOFCOM) will regulate and enforce M&A transactions going forward.
PRC government officials addressed some foreign company concerns about their ability to expand their investments in China. Last month, the Ministry of Commerce (MOFCOM) and State Administration of Foreign Exchange (SAFE) released a new notice that regulates foreign-invested holding companies and foreign exchange.
China has finalized long-awaited revisions to a key foreign direct investment policy document that offers few reductions in foreign ownership restrictions or services sector openings. The 2011 Catalogue Guiding Foreign Investment in Industry was jointly released on December 29, 2011 by the PRC National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM).
Companies in China faced a year-end scramble to enroll their foreign employees in China’s social insurance scheme before January 1, 2012, after the Ministry of Human Resources and Social Security (MOHRSS) released a notice to pressure local authorities to impose fines on companies whose foreign employees were not registered by the end of 2011.
The PRC government agreed to pursue “a proactive fiscal policy and prudent monetary policy” in 2012, according to a statement issued after the government’s three-day Central Economic Work Conference.