China is determined to arrive at a high-standard Bilateral Investment Treaty (BIT) that will benefit US industry as soon as possible, said Li Chenggang, director-general of China’s Ministry of Commerce’s (MOFCOM) Treaty and Law Department and China’s lead BIT negotiator, at a USCBC luncheon program February 25 in Washi
China Market Intelligence
Though China’s slowing growth impacts US company operations, economic restructuring is offering new opportunities to American companies, said a group of US-China Business Council (USCBC) executives during a February 28 roundtable discussion with Treasury Secretary Jacob Lew in Beijing.
The US-China Bilateral Investment Treaty (BIT) negotiations, which aim to establish the rules of the road for cross-border investing, have the ambition to reach an agreement of unprecedented scope, although the prospects and timetable for completion remain uncertain.
In November, Chinese and US negotiators surprised the global business community by announcing an end to a standoff over high-technology tariffs. In agreeing to move forward with the World Trade Organization’s (WTO) Information Technology Agreement (ITA), China paved the way for the slashing of tariffs on items from semiconductors to video game consoles.
Your customers have probably heard that US companies do business in China so they can cut costs and outsource American jobs. It is a phrase that’s been uttered many times—so much so that many Americans think it’s true. But the simple fact is that it’s not.
Why are US companies in China in the first place?