China Market Intelligence

May 8th, 2019
By USCBC staff

Little progress has been made in the last month to improve processing times in Shanghai for US business visa applications. According to updated data provided by the US State Department, wait times in Shanghai have extended to two and a half months, though shorter times continue to be reported for other locations in China.

Location

Appointment wait time

Beijing

21 days

...

April 24th, 2019
By USCBC Staff
The National People’s Congress Standing Committee (NPCSC) this week approved amendments to eight laws, including the Trademark Law, the Anti-Unfair Competition Law (AUCL), and Administrative Law. Trademark Law changes focus on punishing bad faith trademark applications, but do not introduce criminal penalties, and will come into effect November 1, 2019. AUCL and Administrative Law amendments add protections for trade secrets, but fall short of comprehensive reform, and immediately went into...
April 24th, 2019
By Melinda Xu and Sun Yi
Leadership changes were made at the Securities Regulatory Commission, Ministry of Commerce, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Finance, and other departments. Shanghai and Guangdong provinces have promoted several new deputies, vice-governors and vice-mayors. Promotion of the "Post-70," or government officials born after 1970, is accelerating, and more state-owned enterprise executives took to political posts.

Each year...

April 10th, 2019
By Shen Wang and Yan Yu
China’s State Council announced that it will be reducing the tax rate on a variety of daily consumer goods, including books, cameras, and bicycles. The tax reduction is meant to boost domestic consumption and could benefit cross-border trade, ecommerce, and logistics industries.

On April 8, the State Council Customs Tariff Commission announced that it will be revising the system for personal postal articles tax (PPAT)—which was introduced in 2010 and targets small parcels bought by...

April 10th, 2019
By Angela Deng
A new financial policy called “financial supply-side structural reform” could lead to more funds being funneled into the private sector. Depending on how the policy is implemented, China’s financial market could become more competitive, allowing new players and financial products, and possibly providing more opportunities for foreign financial services companies. China has launched the Science and Technology Board which aims to raise funds domestically for tech startups in emerging industries...
March 27th, 2019
By Chynna Hawes and Jack Kamensky
Recent developments, such as the incorporation of the State Council Legislative Affairs Office into the Ministry of Justice, have increased the role of the Party in China’s legislative process. At the same time, efforts to improve legislative procedural processes provide increased opportunities for companies to participate, such as open comment periods and engaging with experts, associations, and academics involved in drafting legislation.   

China’s legislative process continues...

March 5th, 2019
By USCBC Staff

In a report at the opening ceremony of China’s annual National People’s Congress (NPC) Tuesday, Premier Li Keqiang announced that China will reduce the value-added tax (VAT) rate in manufacturing, construction, and transportation and increase spending on infrastructure. The move will benefit both domestic and foreign businesses operating in China.

The VAT rate on manufacturers will be lowered to 13 percent in 2019 from 16 percent, while the rate for the...

February 27th, 2019
By USCBC Staff
The 13th National People’s Congress (NPC) kicks-off in Beijing on March 5. Convening just after trade negotiations were extended, it will be important to watch how China’s government deals with key issues such as the Foreign Investment Law, which is expected to pass. USCBC will be monitoring outcomes daily to provide members timely information on major developments.

The 13th National People’s Congress (NPC), China’s top legislature, will begin in Beijing on March 5 and last around...

February 27th, 2019
By USCBC Staff

In meetings over the past week, the US-China Business Council (USCBC) met in Beijing and Shanghai with senior representatives from the National People’s Congress Legislative Working Committee, which is responsible for drafting the Foreign Investment Law, to discuss USCBC’s recommendations. Officials indicated that foreign companies will have five years to transition their business structures to comply with the new law.

USCBC on February 24 submitted comments on...

January 16th, 2019
By Melinda Xu and Owen Haacke

Most of the changes are consistent with central government reforms of 2018, such as the restructuring of agencies in market supervision, health, insurance, environmental protection, natural resources, and science and technology.

Some local governments now have autonomy to adjust restructuring based on local conditions. The restructuring potentially can provide the local government more flexibility to formulate policies regarding business investment, talent...

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