China Market Intelligence

August 7th, 2019
By Chris Miller and Owen Haacke
China’s latest national-level law enforcement campaign has led to ramped-up policing and changes in law enforcement strategy according to USCBC member company experts. Maintaining legal compliance, particularly with regard to taxation and accounting, greatly reduces the risk of raids and/ or travel bans. Employees traveling to or based in China should be aware of additional risks prior to travel.

In July of last year, several arms of China's government released the first in a series of...

August 7th, 2019
By Angela Deng
Most of the openings are unlikely to have a significant impact on foreign companies. While some of the opening measures repeat previous promises, it is unclear if the announcements signal China’s intention to make significant movements in these areas. Whether real openings are achieved depends on the details of implementing regulations, if any will be released.

On July 20, China announced 11 opening measures for its financial services industry. While they have been portrayed in the media as...

August 7th, 2019
By Antonio Douglas
Foreign companies are struggling to navigate China’s data regime. Best practices are hard to establish in the uncertain regulatory environment. USCBC member companies are concerned about the increased cybersecurity risk associated with data localization.

To understand how American companies are dealing with the challenges presented by China’s data regime, the US-China Business Council (USCBC) conducted a series of interviews with multinational enterprises across the automotive, financial...

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...

July 24th, 2019
By Hanchen Zheng and Angela Deng
Certain features of the system, such as platforms for sharing company data and publicizing company records online, have already been put in place. Major details are still being sorted out at the local government level through pilot systems and trial measures. Industry regulators have issued broad guidelines on how companies in their sectors will be evaluated and rated, and a few local governments have fleshed out thorough credit rating systems for specific industries.

China is still far...

July 24th, 2019
By Jack Kamensky
The shortage of qualified hazardous waste disposal vendors has sent prices skyrocketing, making it difficult for companies to find affordable waste disposal solutions. While regulations on the transportation and storage of hazardous waste pose hurdles for industry, illegal dumping and dangerous stockpiling are serious challenges for regulators. To mitigate disposal challenges, companies can conduct thorough due diligence when selecting operating sites and waste disposal vendors, optimize...
July 24th, 2019
By Antonio Douglas and Angela Deng
USCBC recently submitted comment letters on both the Draft Data Security Administrative Measures and the Draft Measures for the Security Assessment of Cross-Border Personal Information Transfer. Both of these draft measures implement provisions of the 2017 Cybersecurity Law and aim to regulate the flow of important data and personal identifiable information. The comments seek clarity on select sections and to make China’s cybersecurity standards more consistent with international standards and...
July 24th, 2019
By Owen Haacke
Several companies are planning for worst-case scenarios to maintain their competitiveness amid an unpredictable tariff environment. Potential actions to reduce exposure and risk include shifting supply chains and working with industry peers to seek exemptions.

Uncertainty surrounding whether tariffs will increase or decrease creates additional challenges in developing short- and long-term business plans. Companies are assessing changes to cushion potential negative impacts on competitiveness...

July 10th, 2019
By Jack Kamensky

Since China declared a “war on pollution” in 2014, environmental protection has become a top political priority. The resulting speed of regulatory change and sudden intensity of enforcement has created unintended consequences for industry, such as increased costs and uncertainty throughout the supply chain. In order to help China reach its environmental goals while minimizing negative impacts on the economy, the US-China Business Council (USCBC) has engaged in a series of advocacy efforts...

July 10th, 2019
By USCBC Staff
The two most significant market openings in 2019, for oil and gas and telecommunications, are nationwide expansions of earlier liberalizations first piloted in China’s free trade zones. Industries in the catalogue for encouraging foreign investment overlap with those identified in Made in China 2025, indicating sectors China has prioritized for development and investment.  The removal of equity caps or complete removal from the negative list does not necessarily mean the industry is fully open...

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