China Market Intelligence

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 19th, 2018
By USCBC Staff
American companies face significant challenges in their business operations with China due to trade tensions, but the market remains one of the most important to their bottom lines. These are among the findings of The US-China Business Council’s (USCBC) 2018 Member Survey, released today.   Regulatory issues present a significant challenge for foreign companies in China: issues such as those highlighted in the administration’s Section 301 report. At the same time, USCBC’s survey also highlights...
September 18th, 2018
By USCBC Staff

In response to the finalization of US tariffs targeting $200 billion of Chinese exports, China on Wednesday announced that it would proceed with tariffs on $60 billion of US exports. The US-China Business Council (USCBC) announced its opposition to the move.

In a statement today, China’s Ministry of Finance (MOF) said that it will implement additional tariffs of 5 or 10 percent on 5,207 goods September 24, the same day that the United States’ $200 billion tariff list is implemented....

September 10th, 2018
By USCBC Staff

Remarks by Evan Greenberg, CEO of Chubb and Board Chair of USCBC

Delivered at the Welcome Luncheon for Craig Allen, September 6, 2018

I believe many of you know Ambassador Allen given his long history of working on China-related matters. We are so pleased to have Craig take on the leadership of this important organization at this very sensitive time in our relationship and look forward to his role in advancing opportunities for US business in China.

Craig and I have had...

September 6th, 2018
By USCBC Staff

Newly-installed President of the US-China Business Council (USCBC) Craig Allen recently concluded his inaugural trip to China, where he met with senior government officials in Beijing and Shanghai. Officials were eager to discuss the US-China commercial relationship, share China’s perspective on the trade conflict, and explore the view from Washington. USCBC led meetings with Vice Premier Liu He, People’s Bank of China (PBOC) Governor Yi Gang, Minister Zhang Mao of the State...

September 5th, 2018
By Ricky Altieri

Given the size and complexity of the Chinese ecommerce market, foreign companies often struggle to root out operations selling unlicensed or counterfeit versions of their products. The US-China Business Council (USCBC) consulted member companies to identify and create recommendations for the spate of new challenges to intellectual property (IP) protection in the ecommerce space, including:

Seek out memorandums of understanding (MOUs) with ecommerce platforms. Some...

September 5th, 2018
By Jake Laband

Senior Chinese leaders have repeatedly insisted China is improving market access and the investment environment, improving the protection of intellectual property, and ensuring equal treatment of foreign and domestic companies in China. “China’s door of opening-up will not be closed and will only open even wider!” exclaimed President Xi Jinping at the 2018 Bo’ao Forum.

While many foreign companies report positive momentum in China’s economic reform efforts, a...

September 5th, 2018
By Owen Haacke and Melinda Xu

The Standing Committee of the National People’s Congress passed China’s Ecommerce Law on August 31, creating a framework for regulating China’s rapidly growing ecommerce market. The law takes effect January 1, 2019. Guidance on implementation of the law, as well as for cross-border ecommerce, will be released later.

After USCBC submitted comments on the final public draft of the law, the Chinese government made a number of changes to address concerns, including...

August 23rd, 2018
By Angela Deng

The escalating US-China trade war is complicating China’s efforts to strengthen financial reforms as China’s market and currency vulnerabilities become more evident. So far, China has not reversed its course on financial reforms and has implemented policies that support economic growth to mitigate the side effects of the trade war. However, these policies are frequently at odds with each other; simultaneously pursuing both is a delicate and complex task. If the trade war further...

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