China Market Intelligence

March 21st, 2018
By He Jiao and USCBC Staff

The General Office of the State Council’s legislative work plan for 2018 indicates that several policies affecting foreign companies may be revised this year, including foreign investment restrictions, ecommerce, tax, and environmental regulations.

The State Council plan is prepared each year in conjunction with an annual legislative plan from the Standing Committee of China’s legislature, the National People’s Congress (NPC). The NPC’s 2018 legislative work plan...

March 19th, 2018
By USCBC Staff

China’s legislature over the weekend and today approved a new round of leaders for the State Council and its ministries. The appointments put some reform-minded officials in key roles, but whether that leads to faster movement on economic reforms remains to be seen.

As expected, Xi Jinping was confirmed as president, and his long-time associate and former Politburo Standing Committee member Wang Qishan was confirmed as vice president. Wang, who had been in charge...

February 22nd, 2017
By Jiang Xiaojuan and Yin Ziyang

China’s legislative body is expected to deviate from the typical economic agenda when it convenes March 5 for its final session before the 19th Communist Party Congress in the fall. Instead, the focus will be on preparing for the Party Congress and a leadership shuffle for President Xi Jinping’s second five-year term.

January 19th, 2017
By Jake Laband

Echoing statements from economic leaders in late 2016, China has announced plans to significantly reduce foreign market access restrictions in services, manufacturing, and mining sectors. The Measures also call for treating foreign and domestic companies equally in a variety of areas, including government procurement, standards-setting processes, and development plans like Made in China 2025. If implemented,...

March 16th, 2016
Zoe Sophos

The start of 2016 brought several personnel shifts in China’s central government, including in agencies responsible for publishing economic data and for taxation, financial system, and state-owned enterprise (SOE) regulation.

Notable recent personnel changes include:

Liu Shiyu replaced Xiao Gang as chair of the China Securities Regulatory Commission. Liu was formerly president of the Agricultural Bank of China.

Xiao Yaqing was...

November 10th, 2015
Pianpian Huang and Jake Parker

China has announced further details about plans to gradually decrease government control over investment decisions. The Opinions on Implementing the Market Access Negative List System, a document released by the State Council on October 19, 2015, offer a firmer roadmap towards adopting a “negative list” approach in China, which would allow foreign investment in all fields except those expressly restricted. With pilot implementation in some locations slated to begin as early as...

October 28th, 2015
Nick Marro

Hindered by redundancies in the approval process, problems securing suitable data for clinical trials, and disparities in the drug classification system between China and other countries, foreign companies have rarely found it easy to navigate China’s lengthy regulatory framework for approving pharmaceuticals and medical devices. Among their top concerns, companies have reported long approval backlogs, at times resulting in wait times of up to five years or more to get products...

September 16th, 2015
Stephanie Henry, Owen Haacke

The State Council’s long-awaited framework for reforming China’s state-owned enterprises (SOEs) marks limited progress on areas of SOE reform such as mixed ownership, asset management, and SOE classification. Some have reported that reforms are “tepid” because they do not make a bolder move towards privatization or a stronger market orientation for SOEs, in line with the goals laid out at the November 2013 Third Plenum. However, the content of the plan—known as the Opinions on...

April 15th, 2015
Lipei Zhang

The State Council on March 23, 2015 issued a notice requiring all ministries and affiliated institutions under the State Council to complete and publish English translations of relevant trade-related department rules. The Notice on Completing the Translation of Trade-Related Department Rules into English mandates that each translation be posted on official websites or other channels before the regulation’s implementation, or no later than 90 days after the implementation of such regulation...

April 1st, 2015
Ryan Ong

The State Council on March 26 released the full text of a new standards reform plan that will have major implications for companies in China, including those using product standards as well as those participating in standards-setting processes. Most importantly, the plan proposes significant reclassification of existing product standards, including a significant expansion of the category of mandatory national standards, and also proposes a greater role for associations and companies in...