China Market Intelligence

March 19th, 2018
By USCBC Staff

China’s legislature over the weekend and today approved a new round of leaders for the State Council and its ministries. The appointments put some reform-minded officials in key roles, but whether that leads to faster movement on economic reforms remains to be seen.

As expected, Xi Jinping was confirmed as president, and his long-time associate and former Politburo Standing Committee member Wang Qishan was confirmed as vice president. Wang, who had been in charge...

March 13th, 2018
By USCBC Staff
China’s government will undergo a massive overhaul that officials say will make the government “better-structured, more efficient, and service-oriented.” While the changes are extensive and will impact which agencies USCBC members need to engage with at the central and, presumably over time, the local level, it is too soon to say whether reduced government intervention in the economy will be the result.

The plans, submitted for deliberation by the legislature today and scheduled for a vote...

March 5th, 2018

China’s legislature began its annual meeting today with the delivery of the Premier’s Government Work Report, which set an economic growth target of “around 6.5 percent” for the year. The National People’s Congress (NPC) is slated to discuss a variety of policy changes over the course of the next two weeks. Premier Li rehashed a series of previously promised market entry liberalizations. The work report also set goals for China’s advanced manufacturing industry, overcapacity reduction...

February 22nd, 2017
By Jiang Xiaojuan and Yin Ziyang

China’s legislative body is expected to deviate from the typical economic agenda when it convenes March 5 for its final session before the 19th Communist Party Congress in the fall. Instead, the focus will be on preparing for the Party Congress and a leadership shuffle for President Xi Jinping’s second five-year term.

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March 16th, 2016
USCBC Staff

China’s central government closed its annual National People’s Congress on Wednesday on a positive note, touting successful implementation of its previous Five-Year Plan and setting new targets for the years ahead.

Premier Li Keqiang highlighted several key points on China’s economy in his closing news conference:

US-China Bilateral Investment Treaty (BIT)   Li stated that China will actively advance BIT negotiations, and “reduce or gradually...

January 6th, 2016
Yan Yu

Following 10 months of silence, the National People’s Congress (NPC) Standing Committee in December passed China’s first Counterterrorism Law effective January 1. The law provides a clearer definition of  “terrorism” and removes some problematic requirements for telecommunications and internet businesses included in the initial draft version of the law.

What is Terrorism?

The law identifies terrorism as “appeals and actions that create social panic, endanger public...

July 8th, 2015
Yan Yu and Nick Marro

China’s legislature on July 1 finalized the National Security Law of China, which includes all-encompassing definitions of national security as well as troublesome language to keep critical technology “secure and controllable.” The law was passed almost unanimously on the last day of the National People’s Congress (NPC) Standing Committee’s June 24-July 1 executive session. The vague nature of key definitions of national security—and the continued use of terms such as “secure and...

March 16th, 2015
USCBC Staff

China’s leading legislative body discussed a broad agenda on key concerns like economic reform, rules for legislation, and maintaining growth in a slowing economy at their annual meeting that concluded yesterday in Beijing with a press conference held by Premier Li Keqiang. Li focused on maintaining macroeconomic stability and pushing forward with economic reforms. During the nearly two weeks of National People’s Congress (NPC) meetings, senior leaders and NPC delegates discussed a variety...