The General Office of the State Council’s legislative work plan for 2018 indicates that several policies affecting foreign companies may be revised this year, including foreign investment restrictions, ecommerce, tax, and environmental regulations.
The State Council plan is prepared each year in conjunction with an annual legislative plan from the Standing Committee of China’s legislature, the National People’s Congress (NPC). The NPC’s 2018 legislative work plan...
China’s National People’s Congress opened its 2018 session Monday and will run through March 20. The US-China Business Council’s initial reporting on Premier Li’s report on the economy can be found here.
This week has seen the release of annual reports from the National Development and Reform Commission (NDRC), the Ministry of Finance (MOF), and the Ministry of Agriculture (MOA), with accompanying press conferences. Highlights include:
MOF outlined...
China’s economy is slowing after years of rapid growth, but demand is expected to continue, according to economists who recently spoke to the US-China Business Council (USCBC). With a tight grip on economic policies, China’s government has the tools to mitigate some of the economic factors that companies worry could lead to instability, such as real estate and local debt.
...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...
During the eighth Strategic & Economic Dialogue which concluded early this week in Beijing — the final round for the Obama administration, China said it would offer a revised Bilateral Investment Treaty (BIT) negative list next week in Washington, DC, according to statements made by Vice Premier Wang Yang and Treasury Secretary Jacob Lew.
The S&ED — the widest-ranging dialogue on the bilateral calendar — consists of two separate tracks covering economic and strategic topics in...
The PRC National People’s Congress concluded this month with the release of China’s 13th Five-Year Plan (FYP) on National Economic and Social Development. Outlining economic policies and targets to drive industry development in China through 2020, the plan focuses on maintaining economic growth and social stability while continuing reform efforts. Key priorities include resolving nationwide industrial overcapacity, promoting investment across sectors, strengthening property...
The year ahead will be a decisive one for China’s economy, as policymakers must decide between a long-term rebalancing strategy or measures that produce short-term economic gains, economist Dan Rosen said January 28 at the US-China Business Council’s (USCBC) annual Forecast Conference. Rosen, of Rhodium Group, said Chinese leaders need to address top economic challenges including balance-of-payments issues, two-way investment trends, and broadly restructuring its economy.
...Despite new obstacles, growth in China remains robust, and US companies are dedicated to the China market—that was a clear message from the US-China Business Council (USCBC) 2015 China Operations Conference, held in Shanghai on October 22. With new challenges such as tightened profit margins, higher labor and management costs, and limited market access in some areas, companies are adapting their strategies to capture China’s continuing growth, according to experts that shared their...
With economic growth moderating, the Chinese government appears to be looking to infrastructure projects to boost growth. Recent government statements on the importance of a "pro-active" fiscal policy suggest that infrastructure spending will be one of the economic tools to help meet China’s seven percent growth target for 2015. Earlier in February, for example, Xinhua reported that annual investment plans totaling over RMB 15 trillion ($2.34 trillion) in 14 provinces will begin...
In the face of slowing growth and what policymakers are calling a “new normal” for China’s economy, central planners have stepped up the pace of long-discussed financial liberalizations, from the opening of free trade zones and the Shanghai-Hong Kong Stock Connect to—most recently—the proposed establishment of a deposit insurance system. While the immediate effects may mean little for foreign businesses in China, long-term impacts could include full liberalization of interest rates and the...
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