China Market Intelligence

May 22nd, 2019
By Angela Deng
Huawei was recently placed on the US Entity List, which bars US companies from selling or transferring technologies to the Chinese telecom company on national security grounds. The United States has provided a temporary waiver to US companies to continue some of their business transactions with Huawei until August 19. The United States has embarked on a global effort to warn allies about the security risks about Huawei’s equipment, but its strategy has yet to produce the desired result....
May 22nd, 2019
By Wang Muchen and Chynna Hawes
Several policies affecting foreign companies may be revised this year, including the Copyright, Export Control, and Solid Waste laws, as well as regulations on cybersecurity, tax, health, and financial services. Implementing regulations for the Foreign Investment Law are on the agenda and are expected to be finalized before the law is enacted in January 2020, though the agenda provides no indication of what policies this may include. The National People’s Congress legislative agenda, which...
May 21st, 2019
By USCBC Staff

The Trump administration has given some companies doing business with Huawei a temporary reprieve from the ban instituted last week.

On Monday, May 20, the Bureau of Industry and Security (BIS) announced a 90-day Temporary General License, effective through August 19, for companies in specific categories to continue business with Huawei. BIS added Huawei to the entity list last week, identifying it as a company not aligned with US security interests, and requiring...

May 16th, 2019
By USCBC Staff

Photo courtesy of A4-Nieuws

The US Commerce Department on Wednesday evening added Huawei and its 68 affiliates to its “Entity List,” a move that bars US companies from selling or transferring American technology to the telecommunications giant without first acquiring a license. Citing earlier indictments against Huawei, Commerce argued that Huawei poses risks to American security interests. The addition of Huawei to the Entity List took effect immediately, with the...

May 14th, 2019
By USCBC Staff

On Monday night, the Office of US Trade Representative (USTR) officially announced in a Federal Register Notice its plan to impose a 25 percent tariff on the remaining $300 billion of Chinese imports not yet subject to tariffs. Like the previous rounds of tariffs imposed under Section 301, the $300 billion list will follow a public comment process and a public hearing on June 17, after which interested parties will have seven days to submit post-hearing comments. Given the timeline...

May 13th, 2019
By USCBC Staff

Trade tensions between the United States and China escalated today when China announced its retaliation against the US tariff increase from last week. At the same time, China announced the creation of an exclusion process for its retaliatory tariff lists. The United States is preparing to impose additional tariffs on all remaining Chinese imports not yet subject to tariffs, on top of its tariff rate hike to 25 percent on the $200 billion list. Both sides are still engaged in...

May 8th, 2019
By Angela Deng
In anticipation of further openings, global asset managers, who still represent a small share of China’s market, have begun engaging with local regulators and searching for potential partners. Potential gains in China market share are moderated by structural barriers and Chinese investors’ preference for domestic fund managers with more market reputation and name recognition. How China crafts further regulations will determine whether global asset managers face increased competition, obtain...
May 8th, 2019
By USCBC Staff
President Xi recently pledged improvements to market access, IP protection, competitive markets, and monetary policy among other issues. Xi’s speech comes shortly after the Chinese government published official responses to concerns about the Belt and Road Initiative (BRI). Still, insufficient transparency surrounding opportunities for foreign companies to participate in projects continues to cloud companies’ strategic planning around BRI.

President Xi’s remarks at the Belt and...

May 8th, 2019
By Chynna Hawes
China recently made a series of regulatory changes that took immediate effect and address US technology transfer concerns, including revisions to the Technology Import and Export Regulations and equity JV implementing regulations. While welcome, these changes may have minimal operational impact on foreign companies’ ability to negotiate fairly and maintain control of their intellectual property rights in practice. Ongoing WTO consultations launched by the EU and joined by the United States...
May 8th, 2019
By USCBC staff

Little progress has been made in the last month to improve processing times in Shanghai for US business visa applications. According to updated data provided by the US State Department, wait times in Shanghai have extended to two and a half months, though shorter times continue to be reported for other locations in China.

Location

Appointment wait time

Beijing

21 days

...

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