The US-China Business Council (USCBC) last week held events on China's energy sector policies and business strategies in Shanghai and on energy efficiency and bio-fuels in Washington, DC.
China Market Intelligence
China's entry into the World Trade Organization in 2001 brought expectations of a gradual opening in telecom services, but those expectations remain largely unrealized.
During her travels to Asia this week, US Secretary of State Condoleezza Rice on February 26 met with PRC President Hu Jintao and Foreign Minister Yang Jiechi in Beijing and discussed issues that ranged from Iran and the Six-Party Talks to the situation in Darfur, Sudan, human rights, and economic reform.
US-based Bain Capital LLC and China-based Huawei Technologies Co., Ltd., who agreed to jointly invest in US tech company 3Com Corp. last year, announced last week that they have withdrawn their application from the Committee on Foreign Investment in the United States (CFIUS) review process.
The World Trade Organization (WTO) ruled last week that China's use of tariff policies to restrict imports of foreign auto parts constituted a violation of China's WTO agreements, marking the first time that a case against China has proceeded through a full review by the WTO Dispute Settlement Body (DSB) since China's entry in 2001.
The US trade deficit with China in 2007 reached $256.3 billion, the highest deficit the United States has recorded with any single economy, according to newly released US government trade figures. At the same time, 2007 was a banner year for US exporters: China now ranks as the third-largest US export market, surpassing Japan.
To improve efficiency and strengthen management of customs clearance procedures, the PRC General Administration of Customs on January 30 issued rules that create a new top designation, "AA," for the "best of the best" consignors, consignees, and declaration agencies.
US-China Business Council (USCBC) staff recently met with officials from the US Department of Commerce and the Office of the US Trade Representative (USTR) to discuss their efforts to remove trade barriers in environmental goods and services.
China recently completed its regular process of provincial leadership appointments, which were determined during provincial people's congress meetings across the country. The list of current provincial and municipal leaders follows below.