China Market Intelligence

August 7th, 2019
By Angela Deng

On July 20, China announced 11 opening measures for its financial services industry. While they have been portrayed in the media as game-changing, very few of the openings are in sectors that US financial services companies are interested in. For those measures in sectors of interest, the reforms could lead to real openings only if China removes the underlying regulations and requirements that ultimately act as barriers to entry.

August 7th, 2019
By Antonio Douglas

To understand how American companies are dealing with challenges presented by China’s data regime, the US-China Business Council conducted a month-long series of interviews with multinational enterprises across the automotive, financial, pharmaceutical, ICT, and service industries to learn how they are responding to cross-border data flow, data localization, and data security issues.

August 7th, 2019
By USCBC Staff

On July 31, US-China Business Council (USCBC) President Craig Allen testified before the US-China Economic Security Review Commission (USCC) on US companies’ access, risks, and opportunities in China’s health market.

July 24th, 2019
By Hanchen Zheng and Angela Deng

Certain features of the system, such as platforms for sharing company data and publicizing company records online, have already been put in place. Major details are still being sorted out at the local government level through pilot systems and trial measures. Industry regulators have issued broad guidelines on how companies in their sectors will be evaluated and rated, and a few local governments have fleshed out thorough credit rating systems for specific industries.

July 24th, 2019
By Jack Kamensky

The shortage of qualified hazardous waste disposal vendors has sent prices skyrocketing, making it difficult for companies to find affordable waste disposal solutions. While regulations on the transportation and storage of hazardous waste exacerbate challenges for industry, illegal dumping and dangerous stockpiling also pose serious challenges for regulators. To mitigate disposal challenges, companies can conduct thorough due diligence when selecting operating sites and waste disposal...

July 24th, 2019
By Antonio Douglas and Angela Deng

USCBC recently submitted comment letters on both the Draft Data Security Administrative Measures and the Draft Measures for the Security Assessment of Cross-Border Personal Information Transfer. Both of these draft measures implement provisions of the 2017 Cybersecurity Law and aim to regulate the flow of important data and personal identifiable information. The comments seek clarity on select sections and to make China’s cybersecurity standards more consistent with international standards...

July 24th, 2019
By Owen Haacke

Several companies are planning for worst-case scenarios to maintain their competitiveness amid an unpredictable tariff environment. Potential actions to reduce exposure and risk include shifting supply chains and working with industry peers to seek exemptions.

July 10th, 2019
By Jack Kamensky

Since China declared a “war on pollution” in 2014, environmental protection has become a top political priority. The resulting speed of regulatory change and sudden intensity of enforcement has created unintended consequences for industry, such as increased costs and uncertainty throughout the supply chain. In order to help China reach its environmental goals while minimizing negative impacts on the economy, the US-China Business Council (USCBC) has engaged in a series of advocacy efforts...

July 10th, 2019
By USCBC Staff

The two most significant market openings in 2019, for oil and gas and telecommunications, are nationwide expansions of earlier liberalizations first piloted in China’s free trade zones. Industries in the catalogue for encouraging foreign investment overlap with those identified in Made in China 2025, indicating sectors China has prioritized for development and investment. The removal of equity caps or complete removal from the negative list does not necessarily mean the industry is fully...

July 10th, 2019
By Jake Parker

A transition back to the United States offers an opportunity to reflect on some of the trends the US-China Business Council’s China offices are observing in the field. These trends represent a cross section of information from USCBC members, Chinese and US government officials, and the organization’s in-house analysis.

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