China’s annual Central Economic Work Conference (CEWC) convened the country’s top leaders in Beijing from December 8 to 10 to discuss China’s policy agenda for 2022. In contrast to last year’s focus on technology and innovation, this year’s conference emphasized stability, which is mentioned 25 times in the meeting readout. This CEWC comes at a moment of increased visibility for China globally ahead of the Beijing Winter Olympics in February and an important political transition at the 20th...
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December 22nd, 2021
December 22nd, 2021
The White House and Congress had a busy end of the year checking China-related policy items off of their to-do lists. Though the majority of policymakers’ time has been spent on domestic initiatives, Congress and the White House still managed to enact and implement several policies relevant to the US-China business relationship.
December 22nd, 2021
On November 26, China’s State Administration for Market Regulation (SAMR) released draft Measures for the Administration of Internet Advertising for public comment, which are designed to be a more permanent version of the interim measures for the management of internet advertising first released in 2016. The interim measures were inevitably going to be updated given the rate that China’s digital economy is developing, the prevalence of new forms of online advertising, and the importance...
December 13th, 2021
Our annual Gala, which took place earlier this month, was a tremendous success. We welcomed more than 450 guests from member companies, the US and Chinese governments, the press, and other important stakeholders. The event was a timely reminder that whether sitting at a table together or meeting virtually, a sustainable way forward for the world’s most important relationship is paved through regular dialogue and concrete outcomes.
December 8th, 2021
The National Defense Authorization Act (NDAA) is a frequent vehicle for China-related provisions that have strong bipartisan support but fail to pass as standalone legislation due to lawmakers running out of time for floor consideration. While the House passed its version of the NDAA in September, the Senate, hamstrung by gridlock and procedural difficulties, decided to enter into an informal conference with the House in which they agreed to a compromise bill that the House and Senate hope...
December 8th, 2021
Several of the most consequential US and Chinese government policies affecting businesses are released alongside a call for public comments from stakeholders. These processes are valuable opportunities for the business community to participate in the policymaking or regulatory process. They allow for detail-oriented and nuanced engagement with government agencies on policies that directly impact your business and provide policymakers and regulators a window into the business community’s...
December 8th, 2021
On November 18, the Chinese government elevated the Anti-Monopoly Bureau within the State Administration for Market Regulation (SAMR), strengthening China’s antitrust capabilities. According to SAMR’s organizational structure, the new bureau includes three directorate-general departments, namely the Competition Policy Coordination Department, Antitrust Enforcement Department I, and Antitrust Enforcement Department II. The Competition Policy Coordination Department will focus on fair...
December 7th, 2021
Leading up to and following the November 15 meeting between President Biden and President Xi, the US-China Business Council (USCBC) has been actively engaged with the Chinese government to improve mobility and support the travel of member company employees in and out of China. As part of that process, USCBC, AmCham Shanghai, and AmCham China have been in discussions with the Ministry of Foreign Affairs (MOFA) on a fast-track travel program to facilitate the travel of executives to China. As...
November 24th, 2021
On October 23, the Standing Committee of China’s legislature authorized the central government to pilot rules for a property tax in certain regions across China for a five-year period. While not yet defined specifically, it is rumored that the tax will be piloted in some of China’s major metropolises, including Shanghai, Shenzhen, Hangzhou, Hainan, and Chongqing.
November 24th, 2021
In 2018, President Trump withdrew the United States from what is now the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). CPTPP was an American multilateral trade initiative and a pillar of the Obama administration’s pivot to Asia. It was intended to enshrine important trade disciplines in commercial dealings with other Pacific nations in both the Eastern and Western hemispheres, thereby helping to turn these disciplines into norms that could counter the often...
