China Market Intelligence

December 20th, 2013

US and Chinese senior government officials announced movement on key business issues during this year’s plenary session of the Joint Commission on Commerce and Trade (JCCT), an annual high-level discussion on business, commercial, and trade topics held this year in Beijing. Expectations for this year’s JCCT were mixed, given that the meeting took place just one month after the third plenum of the 18th Chinese Communist Party with new lead negotiators for both the United States and China. The...

December 19th, 2013
The US-China Joint Commission on Commerce and Trade (JCCT) talks open today in Beijing, where US and Chinese government officials will tackle trade issues from intellectual property rights to market access to China’s strategic emerging industries. The two-day talks will be led by senior government officials including US Secretary of Commerce Penny Pritzker, US Trade Representative Michael Froman, and Chinese Vice Premier Wang Yang.

According to US-China Business Council (USCBC) sources, the...

December 19th, 2013
Owen Haacke

Accelerating the adoption of vehicle emission standards and promoting natural gas development were among key commitments agreed upon by US and Chinese representatives in a joint statement released at the end of Vice President Joseph Biden’s December visit to Beijing.

The Joint Fact Sheet on Strengthening US-China Economic Relations reaffirms numerous energy and climate change commitments agreed upon in multiple meetings between the two sides, including President Barack Obama’s June...

December 19th, 2013
Ryan Ong

During his trip to Asia earlier this month, Vice President Joseph Biden held a full day of meetings in China, marked by detailed discussions with key Chinese government officials including President Xi Jinping, Vice President Li Yuanchao, and Premier Li Keqiang as well as a US-China Business Council (USCBC) co-hosted event with the business community. While the broad outcomes of those discussions have been reported—including the White House release of both the joint fact sheet and the US...

December 16th, 2013
Shelly Zhao

China’s top year-end economic policymaking conference closed with an apparent statement of support for “steady” negotiations on a bilateral investment treaty with the United States. The conference also called for accelerating negotiations on free trade zones, without clarifying if this was a reference to external trade agreements or the pilot Shanghai Free Trade Zone.

China’s leaders said that they would continue to emphasize economic reform, while maintaining “reasonable” economic...

December 11th, 2013
Stephanie Henry

The US-China Business Council (USCBC) advanced members’ concerns throughout 2013 by advocating directly with key Chinese government agencies, ensuring USCBC member issues were prioritized on the US government agenda for bilateral engagement, providing timely analysis of market and regulatory developments in China, and hosting informative events on a wide range of operational, political, and trade issues.

USCBC has focused these initiatives on the top 10 issues identified by members...

December 11th, 2013
Sue Hao and John Lenhart

China’s National Development and Reform Commission (NDRC) has renewed its pledge to step up antimonopoly and price-fixing efforts in a year that has already seen an unprecedented number of price-related investigations. Between 2008—when the Antimonopoly Law (AML) was passed—and 2012, the NDRC conducted just over 20 price related investigations. In 2013 alone, the agency has investigated more than 80 companies, mainly concentrated in the pharmaceutical, infant formula, and Chinese liquor...

December 11th, 2013
Angela Fan and Nicolas Marro

China’s leaders have emphasized accelerating and improving tax reform in the decision document they released following the third plenum of the 18th Chinese Communist Party (CCP) Congress. If fully enacted as proposed, the tax reforms will affect US businesses involved in energy and resource-intensive industries, luxury consumer goods, and heavily-taxed industries, such as the automobile industry. The new reforms may open up industries that have traditionally been dominated by powerful state-...

December 11th, 2013
Owen Haacke

Speaking at the 40th anniversary celebration of the US-China Business Council (USCBC), former secretary of state and national security adviser Dr. Henry Kissinger said that the United States and China “have a special obligation” when it comes to ensuring global peace and stability. “The great opportunity for China and the United States,” he said, “is not to settle the immediate issues… but to put them into context in a greater international order.”

Kissinger joined nearly 500 guests...

December 6th, 2013
Catherine Matacic

At a breakfast co-hosted by the US-China Business Council (USCBC) in Beijing, Vice President Joe Biden urged China to establish a level playing field for foreign and private businesses operating in China. He stressed the need for new “rules of the road” that would open up investment in China’s services sector, protect intellectual property, and lead to a relationship of mutual economic benefit.

“We’re trying to build a new kind of relationship between major powers, one that’s...