Further information on the Ministry of Public Security’s 2018 Personal Information Standard may provide clarity for companies on data management measures.
China Market Intelligence
Draft amendments make some progress in strengthening China’s intellectual property rights (IPR) system, including by increasing penalties, extending patent term for designs, and adding patent term restoration for innovative pharmaceuticals.
Most of the changes are consistent with central government reforms of 2018, such as the restructuring of agencies in market supervision, health, insurance, environmental protection, natural resources, and science and technology.
China has loosened market access restrictions over the past couple of years in several industries including financial services and new energy vehicles (NEVs), but other market access barriers remain.
Early enforcement is focused on business license verification, illegal reselling of cross-border goods, and tax evasion.
Throughout 2018, the US-China Business Council (USCBC) tracked the progress of China’s government
Restrictions on incoming foreign investments in, and exports of, US critical technologies will impact almost every type of business relationship, requiring in-depth export-controls analyses by US businesses.
The revised draft Foreign Investment Law includes stronger language on intellectual property rights (IPR) protection and forced tech-transfer, potentially addressing key US concerns ahead of January trade talks.