China Market Intelligence

January 22nd, 2020
By Pearson Goodman and Jake Parker
The agreement includes considerable positive developments on issues concerning financial services, agriculture, and intellectual property. China also committed to major purchases of US goods above 2017 levels. The dispute resolution mechanism aims to ensure faithful implementation.

After years of negotiations and months of speculation about its content, US and Chinese negotiators signed and released the Phase One trade agreement on January 15. The complete text of the agreement is available...

December 11th, 2019
By Erin Slawson
While academics, journalists, and government officials now use the term widely, it often glosses over important complexities of the US-China trade relationship. Both in the technology and finance spheres, the United States and China are reconsidering how their economic interconnectedness impacts their national security and other interests.

Headlines alleging that a decoupling of the US and Chinese economies is looming, or by some counts, already underway, have appeared in the news cycle for...

November 13th, 2019
By Angela Deng and Jack Kamensky
China has made significant changes to intellectual property and technology transfer policies. The deal is expected to resolve many longstanding agricultural trade barriers, which could increase Chinese purchases if tariffs are removed. Agreements on the financial services and currency portions of the deal have mostly been settled, and China has already announced the types of financial openings that will be included in the deal.

With an agreement “in principle” reached earlier this month,...

October 30th, 2019
By Jake Parker
USCBC’s Board of Directors met with Chinese cabinet-level officials in Beijing this month. Delegates pressed for a negotiated agreement with substantive outcomes. Chinese officials expressed uncertainty about SOE reform.

Senior Chinese leaders stressed progress in bilateral negotiations and a commitment to accelerate domestic economic reform efforts during an October 16 to 17 visit to Beijing by a delegation of the US-China Business Council (USCBC) Board of Directors.

The delegation...

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...
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
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...
March 27th, 2019
By USCBC Staff
Despite the March 2018 government restructuring, many reforms continue to be carried out. China’s annual work plan for 2019 is expected to be released in April. The ongoing trade negotiations may impact the outlook for several industries and issues.  

At last year’s National People’s Congress (NPC), China launched a massive government restructuring to streamline policymaking and enforcement. Throughout the months-long reorganization process, the government continued to move ahead...

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