China Market Intelligence

March 24th, 2021
By Allie Klein

Trade promotion authority (TPA), a mechanism which gives the executive branch the power to fast-track certain aspects of congressional oversight on free trade agreements, is set to expire on July 1 unless United States Trade Representative Katherine Tai requests renewal by April 1. In an era of intense partisanship and congressional gridlock, there is concern that without TPA, US accession to certain comprehensive trade agreements, including the Comprehensive and Progressive Agreement for...

March 16th, 2021
By USCBC Staff

The Chinese government officially released its 14th Five-Year Plan for Economic and Social Development and 2035 Vision Goals (14th FYP) after the conclusion of annual legislative meetings in Beijing. The plan, which primarily covers the five year period from 2021-2025, outlines a broad range of development targets and objectives from high-tech self sufficiency to urban development to climate change.

March 10th, 2021
By USCBC Staff

As new and more contagious strains of COVID-19 appear throughout the world, business executives are finding it more difficult to secure authorization for travel to China. Travel to China currently requires an executive to receive an invitation from the local foreign affairs office (“PU letter”) and a visa (unless the traveler already has a residency permit), as well as a green Health Declaration Code (HDC) from the Chinese embassy or consulate. But since January, the Chinese government has...

March 10th, 2021
By Melinda Xu and Edward Zhang

China’s lawmakers gathered in Beijing last Friday to begin their annual legislative meeting where they will approve the government’s agenda and development targets as part of the 14th Five-Year Plan (FYP) covering 2021-2025. Prior to the meeting, several provinces had already held their own local planning meetings. Provincial goals largely align with core objectives of the forthcoming national 14th FYP, which will heavily feature “dual circulation,” China’s new economic paradigm. Under this...

March 10th, 2021
By Antonio Douglas

With the Biden administration set to maintain a Trump-era regulation on information and communication technology and services (ICTS) supply chains, companies are fearful that its broad scope will not only require costly compliance mechanisms, but also make it impossible to meaningfully implement. The regulation in question is the interim final rule (IFR) on Securing the Information and Communications Technology and Services Supply Chain, which was released by the Department of Commerce ...

March 10th, 2021
By Craig Allen

Now that the Biden administration has most of its senior officials in place, a senior bilateral meeting in Alaska is planned for next week, and China’s National People’s Congress is well underway, it is a good time to assess US-China relations and the implications of continued bilateral tension for US companies operating in China. USCBC members should be familiar with the Interim National Security Strategic Guidance published last week under President Biden’s signature. If not, find our...

March 5th, 2021
By USCBC Staff

The National People’s Congress (NPC) began its annual meeting today, with Premier Li Keqiang delivering the annual Government Work Report. The report, along with a plan published by China’s National Development and Reform Commission (NDRC), reviews the government’s performance in 2020 and identifies major tasks for 2021. It also includes a high-level overview of China’s goals under the 14th Five-Year Plan, which covers 2021-2025. USCBC will issue an analysis of the five-year plan and China’s...

March 4th, 2021
By USCBC Staff

On March 3, the Biden administration released a broad blueprint for its international engagement. Titled Renewing America’s Advantages: Interim National Security Strategic Guidance, the document outlines core economic, diplomatic, and political priorities. Navigating the relationship with China is framed as key to protecting American competitiveness and serves as an essential component of this document. To that end, key objectives include promoting technological advancement in the United...

February 24th, 2021
By Alison Schonberg

President Joe Biden signed an executive order on February 24 launching a review of supply chains for critical and essential goods. Following recent disruptions in the supply of personal protective equipment (PPE) and semiconductors, the administration aims to identify supply chain vulnerabilities and prevent future shortages. The order requires federal agencies to assess supply chain risks, including gaps in domestic production capacity, dependence on foreign suppliers, and single points of...

February 24th, 2021
By Jack Kamensky

President Biden has inherited a complex set of China policies, many of which were made during President Trump’s final months in office and aimed at undermining China’s interests. While Biden may technically have the power to quickly reverse many of the Trump-era policies and executive orders, doing so is politically difficult given pressure from both Republicans and Democrats to take a hard line on China. 

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