China’s top leaders are expected to prioritize supply-side structural reform, stabilizing economic growth, and improving people’s livelihood as they map out their 2017 economic and reform agenda during the annual Central Economic Work Conference (CEWC), which opened in Beijing on Wednesday.
Typically the last major...
The 15th anniversary of China’s accession to the World Trade Organization (WTO) was marked with a fresh trade dispute Monday after the United States ignored the December 11 deadline to end its use of non-market economy (NME) calculations for antidumping cases. China’s dispute also names the European Union and Japan for their continued use of NME status.
...The newly released Catalog of Encouraged Imported Technology and Products identifies key technologies and products that Chinese companies are encouraged to buy from abroad, potentially positive news for US companies looking to expand sales in China.
The national catalog, jointly issued by the National Development and...
In draft changes to the 2015 Catalogue Guiding Foreign Investment (CGFI) released today for public comment, China’s government took small steps to shift its foreign investment regime to a negative list style system like the one applied in China’s free trade zones (FTZs), but largely left existing restrictions in place.The sectors opening to some foreign investment include edible seed oils, biofuel, and credit...
A week has passed since the conclusion of the US-China Joint Commission on Commerce and Trade (JCCT), but the specific outcomes jointly agreed to by the two governments have yet to be released. According to US government materials and USCBC sources, some additional progress appears to have been made in areas covered in the past—in particular, equal treatment of domestic and foreign medical devices and...
Minimum wages in China’s major cities rose in 2016, signaling the continued development of an emerging consumer class as much as increasing pressure on company labor costs. But the increases also point to an increasing divide, as wage growth stagnates in the majority of China’s provinces.
The US-China Business Council...
Companies operating in some of China’s major cities are facing significant cost increases following a change to employment social security fund payment calculations. Although announced by the central government, provincial governments are implementing the new calculation in different ways—if at all—leaving all companies unsure of how to comply.
...Despite the increase in regulatory attention after several recent high-profile food safety scandals, China’s food industry is continually challenged to keep food safe. Vague policy directives and lack of interagency coordination lead to confusion about what is expected of stakeholders. The prevalence of small players creates a...
As President-elect Donald Trump prepares for his move to the Oval Office as the 45th US president, a review of his campaign stances on China and trade gives some indications of policies his administration might pursue. As noted in USCBC’s Washington Update on candidate’s possible policies, Trump’s trade proposals include:
...As the US political season enters the phase of transition to a new administration, China’s political season is gearing up with an eye on the Communist Party’s leadership conclave one year from now. Political maneuvering was heightened in late October during the Sixth Plenum, the final large-scale meeting of Chinese Communist Party (CCP) leaders before the 2017 Party Congress, when new leadership will be...
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