China Market Intelligence

October 10th, 2018
By USCBC Staff
China is reducing tariffs on 1,585 products beginning November 1 to diversify its imports. The most recent tariff reductions will benefit Chinese consumers and economic rebalancing efforts. For some US companies, the tariff reductions will increase competition from other markets that can already export more cheaply because of retaliatory tariffs imposed on US exports. The tariff reductions could benefit companies that ship to China from third countries.

China’s recent reductions on the base...

October 10th, 2018
By Ian Hutchinson

The Belt and Road Initiative (BRI) may face mild competition from US and EU alternatives.

While some have characterized BRI as “debt trap diplomacy,” China appears to be willing to restructure debts or change its strategies to address concerns.

Over the past five years, President Xi Jinping’s landmark Belt and Road Initiative (BRI), which offers significant financing for infrastructure projects from China’s backyard to as far away as Europe...

October 10th, 2018
By Angela Deng

Foreign holdings of bonds have increased in response to changes China has made to  improve the standards of its bond credit rating industry and increase regulatory scrutiny of its bond market.

These changes reflect China’s efforts to meet the requirements to be included in a global bond index.

Foreign holdings of China’s bonds have been steadily increasing amid China’s efforts to improve access to its market and increase transparency about the...

October 10th, 2018
By USCBC Staff

The US-China Business Council (USCBC) has updated an online resource on the Chinese government to help member companies better navigate its complexities. This includes an infographic linking to information about high-level government bodies, as well as descriptions of government agencies that have been updated to reflect China’s government restructuring and recent leadership changes.

On March 17, China’s national legislative body, the National People’s Congress (...

September 20th, 2018
By Angela Deng

Since the March announcement that China would restructure its government to make it “better-structured, more efficient, and service-oriented,” regulators have worked to formulate and release their “three determinations” plans. By clarifying the functions, structure, and staffing of reorganized government agencies, the plans shed light on how these ministries will function and how companies should begin interacting with them.

Several trends are notable in the plans...

September 20th, 2018
By Chynna Hawes

On September 7, the 13th National People’s Congress Standing Committee (NPCSC), China’s constitutional authority, released its five-year legislative plan, outlining and prioritizing major legislative tasks into three classes that, in principle, are listed in descending priority; however, items are not passed or deliberated in sequence.

The 13th NPCSC's legislative plan includes 69 “Class I” projects to be completed by March 2023. However, many Class I projects...

September 20th, 2018
By Chynna Hawes

China’s regulators recently released the first drug traceability proposal since China suspended its previous system in 2016 because of a number of challenges, including complaints of unfair competition and that the government-issued serial number was not compliant with GS1 global standards for pharmaceutical traceability. The goal of the new proposal is to establish a system to trace drugs through the supply chain, prevent counterfeit and substandard drugs from entering the supply...

September 20th, 2018
By USCBC Staff

The US-China trade conflict has once again escalated, with both sides preparing to implement tariffs on billions in goods next week. Monday evening, President Donald Trump announced his decision to impose an additional 10 percent tariff on $200 billion of Chinese imports and finalized the list of goods subject to the new tariffs, effective September 24. In response, China’s Ministry of Finance (MOF) officially announced China will impose an additional tariff rate of 5 or 10 percent...

September 20th, 2018
By Jake Parker

As summer draws to a close, I would like to highlight a few trends USCBC’s China offices are observing based on their conversations with our membership, Chinese media, government sources, and other key influencers.

Tariff Impact

Tariffs were the most common discussion topic with foreign company executives in China over the summer.  While the majority of USCBC members invested in China are manufacturing here to access the local market, some...

September 20th, 2018

USCBC’s 2018 member survey report, released on Tuesday, indicates that despite positive commercial gains in the last year, American companies have strong concerns about the increasingly rocky US-China relationship and implications for the business environment in China. American companies are less optimistic about China's policy direction and the trajectory of the bilateral relationship. They remain concerned about discriminatory industrial policies and the advantages enjoyed by...

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