At the US-China Business Council Forecast conference, Rep. Rick Larsen (D-WA) outlined the Obama administration’s new “Asia pivot” strategy, calling it a “natural evolution” of the US-China relationship.
China Market Intelligence
In recent weeks, provincial and local governments across China have taken concrete steps to implement key PRC government commitments to break links between indigenous innovation and government procurement at all levels of government.
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).
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.
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.
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).