China Market Intelligence

June 4th, 2008
USCBC elects Dow Chemical Chairman & CEO Liveris as USCBC chair, welcomes new board members

US-China Business Council (USCBC) President Frisbie announced at today's board meeting, which will be followed by a welcome reception at the Freer Gallery of Art, that Andrew Liveris, chairman & CEO of the Dow Chemical Company, has been elected as new chair of the USCBC. Liveris will serve for two years.

Liveris leads the $54 billion chemical company, which is based in...

June 4th, 2008

The PRC Ministry of Commerce recently released its 2008 Foreign Market Access report. The report, issued annually since 2003, reviews China's largest trading partners and includes country-specific information in three areas: bilateral economic and trade development, trade and investment regimes, and barriers to trade and investment. The report was compiled based on input from PRC central government agencies, local foreign trade authorities, PRC Commercial Counselor's Offices abroad, and...

May 28th, 2008

China's efforts to recover from the May 12 earthquake encountered new challenges in the form of strong aftershocks and evacuations in areas at risk of flooding, as a lake created by a landslide during the initial quake threatens tens of thousands of people in Sichuan. The official death toll from the quake has risen to 68,109 people, with 19,851 still missing. More deaths may be reported as the search effort continues, but China has been turning to the recovery and rebuilding effort.

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May 28th, 2008

The PRC government issued long-awaited instructions for the reform of the domestic telecom industry, and China's telecom companies announced a series of acquisitions to consolidate the number of domestic telecom players over the weekend. Post-restructuring third-generation (3G) licensing may lead to foreign investment opportunities in the historically restricted sector.

Consolidation and other goals

A joint notice issued by the PRC Ministry of Industry and...

May 28th, 2008

With the prospect of the passage of legislation on China's currency growing dimmer by the day, the US House of Representatives and Senate have shifted their China focus to trade enforcement bills. Both chambers have introduced bills that target enforcement measures, such as Section 421 China safeguards, Super 301 procedures, and the application of countervailing duties against nonmarket economies (see Box). Action on trade enforcement bills is expected this year.

Senate developments...
May 28th, 2008

The US-China Business Council (USCBC) held its Beijing China Operations 2008 conference on Wednesday, May 21. US Ambassador to China Clark T. Randt, Jr. gave the luncheon address, in which he discussed the past and future of US-China business relations as a tribute to USCBC's 35th anniversary. In 1974, Randt served as China representative for the National Committee for US-China Trade, as USCBC was then known.

Selected conference highlights follow.

Economic challenges...
May 21st, 2008

China's relief efforts continue in the second week after the massive earthquake in Sichuan, with the death toll from the tragedy rising daily. China declared May 19-21 national days of mourning. The PRC Embassy in Washington, DC, made a condolence book available for the public to sign through Wednesday.

The US-China Business Council (USCBC) continues to channel information to companies on ways to support the relief effort. The PRC Embassy is in daily contact with USCBC about urgently...

May 21st, 2008

The US-China Business Council (USCBC) conducts an annual survey of its member companies on the opportunities and challenges they face in China's business environment. The results of the survey help prioritize the top issues for USCBC's reporting, advisory, and advocacy work in the United States and China on behalf of its membership.

Your input is crucial to the quality and effectiveness of USCBC's services. We thank you for taking a few minutes to complete this survey, which will...

May 21st, 2008

In an attempt to improve security and reduce air pollution around the time of the Beijing 2008 Olympic Games, local public security bureaus (PSBs) in Beijing and Shanghai recently released plans designed to restrict the production, transport, and sale of certain types of chemical products in and near Olympic cities. These notices were apparently sent directly to companies and have not been posted publicly on government websites. Though these restrictions appear to be temporary, the...

May 21st, 2008

The PRC Ministry of Industry and Information (MII) recently released statistics that show strong growth in China's information technology (IT) equipment and electronic components sector. Though foreign-invested enterprises (FIEs), which play a significant role in the sector, are largely benefiting from this expansion, looming challenges to government procurement of foreign goods and draft standard-related barriers may affect the current operations and future growth of FIEs in this sector in...

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