US-China Business Council (USCBC) Chair Andrew Liveris, chairman and CEO of the Dow Chemical Co., and USCBC President John Frisbie led a delegation of 12 USCBC board members to Beijing at the end of October.
China Market Intelligence
The State Intellectual Property Office (SIPO) on October 8 announced several internal changes, including the creation of a new Protection Coordination Department.
Industrial standards and conformity assessments are among the top challenges facing US businesses in China. The US-China Business Council (USCBC) seeks to ensure that standards-setting remains open to foreign company participation, is undertaken in a transparent manner, and allows broader participation for foreign certification bodies.
Controlling inflation remains among the highest economic priorities for the PRC government, which is taking steps to ensure that inflation remains near the annual target level of 4.8 percent for 2008 and does not endanger the economy as a whole. Inflation is also tied to social stability; historians have noted that periods of high inflation are often accompanied by political stress.
China's product and technology standards-setting regime is a top issue for US-China Business Council (USCBC) member companies. Difficulties in participating in and influencing the standards-setting process, as well as China's effort to set standards that favor domestic competitors, are frequently cited as market barriers in USCBC's annual survey of China's operating environment.