China Market Intelligence

August 7th, 2019
By Jake Parker

On Monday, August 5, the Treasury Department officially labeled China a currency manipulator. Though frequently threatened in political election cycles, this is the first time the designation has been imposed since China, South Korea, and Taiwan were cited in 1994 by the Clinton administration. The designation is mostly symbolic, as many of the actions taken by the Trump administration to date, such as implementation of tariffs, go beyond the remediation actions enumerated in US law.

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August 7th, 2019
By USCBC Staff

On July 31, US-China Business Council (USCBC) President Craig Allen testified before the US-China Economic Security Review Commission (USCC) on US companies’ access, risks, and opportunities in China’s health market. His testimony was part of a full day of hearings titled “Exploring the Growing US Reliance on China’s Biotech and Pharmaceutical Products.”

USCC was created to monitor and investigate the national security implications of the bilateral trade and economic relationship, and...

June 19th, 2019
By Angela Deng
Presidents Trump and Xi will meet on the sidelines of the G20 Summit near the end of June, with preparatory talks starting this week. It is unlikely that a final trade deal will be reached at the meeting. Before the presidential meeting was announced, China moved forward with a number of retaliatory measures against the United States. The week before the G20, USTR will start public hearings about the US plan to impose tariffs on an additional $300 billion worth of Chinese imports. USCBC will...
May 8th, 2019
By USCBC Staff
President Xi recently pledged improvements to market access, IP protection, competitive markets, and monetary policy among other issues. Xi’s speech comes shortly after the Chinese government published official responses to concerns about the Belt and Road Initiative (BRI). Still, insufficient transparency surrounding opportunities for foreign companies to participate in projects continues to cloud companies’ strategic planning around BRI.

President Xi’s remarks at the Belt and...

May 8th, 2019
By Chynna Hawes
China recently made a series of regulatory changes that took immediate effect and address US technology transfer concerns, including revisions to the Technology Import and Export Regulations and equity JV implementing regulations. While welcome, these changes may have minimal operational impact on foreign companies’ ability to negotiate fairly and maintain control of their intellectual property rights in practice. Ongoing WTO consultations launched by the EU and joined by the United States...
April 24th, 2019
By Ricky Altieri
China has rolled out a series of pilot programs employing blockchain to increase transparency and cut costs. However, China has placed restrictions on trading non-state-backed cryptocurrencies and imposing new requirements on companies that use the technology. Blockchain’s rollout may present opportunities to work with the Chinese government in the financial and tech sectors.

To increase transparency and lower costs in a range of functions, Chinese government ministries have recently found...

April 24th, 2019
By Angela Deng
The US Department of Commerce recently added 37 Chinese entities to its Unverified List (UVL), a list of entities whose end-use credentials could not be verified by US authorities. These additions, and the complex compliance procedures involved with the UVL, will impose new compliance burdens on US companies involved in export transactions with the listed entities. The additions were the result of delays by the Chinese government in responding to US government requests for access to the...
April 10th, 2019
By USCBC staff

Processing times in Shanghai have increased to over two months for US business visa applications, according to data provided by the US State Department, though shorter times have been reported for other locations in China.

The data reflect the wait time for a visa interview appointment. After an appointment and interview, the State Department takes another three to five days to print and check each visa.

Due to the delays, USCBC contacts at the...

April 10th, 2019
By Jack Kamensky
Late last month, an explosion at a chemical plant in Jiangsu killed 78 people. Structural issues such as incentives of local officials, a shortage of qualified inspectors, and non-science-based standards have resulted in slow progress in work safety, despite past disasters. While the flurry of inspections and increased restrictions on the chemical industry may disrupt operations and supply chains, foreign companies can leverage their experience to strengthen their relationships with regulators...
April 10th, 2019
By USCBC Staff
Across meetings, officials committed to finalizing a bilateral agreement, but concerns about a unilateral enforcement mechanism and the rate of tariff reductions are stalling the process. Chinese data regulators have adopted a more accommodating perspective on data localization requirements; final implementation will occur only after bilateral talks conclude. China’s new Foreign Investment Law is being held up as a sign of progress made on foreign company issues. USCBC is collecting detailed...

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