Zhang Kunsheng, China’s assistant foreign affairs minister and former secretary at the PRC’s embassy in the US, was recently removed from his post under suspicion of corruption, according to a January 2 statement on the foreign ministry’s website.
China Market Intelligence
The United States and China wrapped up three days of commercial negotiations in Chicago yesterday, making progress on competition policy, intellectual property rights (IPR), and product approvals in agriculture and medical devices.
As Chinese and American business travelers know well, securing visas for short- or long-term stays can be a time-consuming process. But when Presidents Barack Obama and Xi Jinping met in mid-November, they hammered out a deal that could ease burdens on Chinese and American travelers alike.
US President Barack Obama concluded a constructive three-day visit to China earlier today with announcements of new bilateral deals on a range of issues important to US companies doing business in China, including a significant change in visa policy, reduced tariffs for trade in information technology products, and new targets related to climate change.
Though China did not play a major role in many congressional midterm elections, the makeup of the new Republican-led Congress may have a significant impact on US-China commercial and trade issues in 2015 and beyond.
US President Barack Obama and Chinese President Xi Jinping are scheduled to meet in Beijing after the close of the Asia Pacific Economic Cooperation summit on November 11.
From recent investigations in the auto parts industry to “dawn raids” at foreign IT firms, China’s rising level of antimonopoly enforcement activity has raised concerns for many US companies doing business in China.
The United States and China have maintained a steady schedule of negotiations on the Bilateral Investment Treaty (BIT), with the next round of talks expected to be held in September in China. The last round of negotiations, held in July in Washington, focused on the text of the agreement.
American views on China are dimming, even while Chinese attitudes toward the United States have become more positive in recent years, according to an annual survey by the Pew Research Center.
A commitment to an accelerated timetable for a high-standard bilateral investment treaty (BIT)—a key objective of the US-China Business Council (USCBC)—was the primary commercial outcome of this year’s US-China Strategic and Economic Dialogue (S&ED).