US-China Business Council (USCBC) President John Frisbie visited China last week for advocacy meetings with senior PRC government officials before yesterday's US-China Joint Commission on Commerce and Trade (JCCT), the US elections, and the fifth Strategic Economic Dialogue, which is due to be held in December.
China Market Intelligence
Since China's Antimonopoly Law (AML) took effect August 1, it has generated substantial public interest, as well as some important initial tests. Two of the most recent AML-related developments are the dismissal of China's first AML case and the National Development and Reform Commission's (NDRC) completion of new regulations against monopoly pricing.
To prepare for the fifth round of the US-China Strategic Economic Dialogue (SED), which is scheduled to be held in Beijing in December, SED negotiators from the United States have begun preliminary discussions and agenda planning with their PRC counterparts.
Initial results from the 2008 US-China Business Council Member Priorities Survey indicate that rising costs are among the top issues facing US companies operating in China. In addition to rising costs for materials, fuel, logistics, and labor, corporate income tax rates have risen for many companies.
Interest in fostering public-private partnerships between the United States and China in the area of energy and environmental technologies has grown in the past year.
The US-China Business Council (USCBC) frequently updates the USCBC and China Business Review (CBR) websites. We encourage members to review these useful web features:
The National People's Congress (NPC) Standing Committee last week passed the Circular Economy Promotion Law, which aims to boost recycling and energy conservation efforts.
The State Council Legislative Affairs Office (SCLAO) on August 29 posted the latest draft of the Administrative Measures on Registration of Resident Foreign Enterprise Representative Offices for comment.
The PRC Ministry of Finance (MOF) recently issued clarifications to China's current government procurement regime.
The Ministry of Commerce (MOFCOM) and National Development and Reform Commission (NDRC), two key PRC economic agencies, recently announced their new roles and responsibilities, leadership, and staffing as part of the "three settings" (san ding) process of