China Market Intelligence

November 7th, 2018
By USCBC Staff

Although the United States has held public hearings and comment periods for the Section 301 investigation into Chinese trade practices and created a process to consider the exclusion of certain products from the tariffs it imposed in two of the three rounds implemented to date, China has no similar process. The US-China Business Council (USCBC) recently wrote to Chinese policymakers calling for the establishment of an open and transparent process for companies to...

November 7th, 2018
By Anna Ashton

The US-China Business Council (USCBC) and several other trade associations submitted joint comments on provisions regarding personal information and data privacy protection in China’s Draft Civil Code, which is being revised by the National People’s Congress.

Although the draft language appears intended to implement explicit protections for personal privacy and individual rights, some provisions could do the opposite and impede companies’ ability to deliver the...

October 24th, 2018
By Chynna Hawes

USCBC’s 2018 Member Survey found that China’s intellectual property rights (IPR) protection environment remains generally unchanged from previous years, but slowly improving.

There are clear incentives for China to improve IPR protection. High-level commitments and incremental reforms are welcome, but more work and concrete actions to improve enforcement are necessary to create a thriving system.

China’s protection of intellectual property...

October 24th, 2018
By Ricky Altieri

The 13th Five-Year Plan called for the yuan to be fully convertible by 2020. Such a move would increase liquidity and allow the market to play a greater role in investment decisions.

Since the 13th Five-Year Plan was issued, China has made incremental progress toward that goal, but is unlikely to achieve full yuan convertibility by 2020.

The 13th Five-Year Plan called for the yuan to be fully convertible by 2020. While the plan did not offer an...

October 24th, 2018
By Sun Yi and Melinda Xu

As more and more ministries publish their Three Determination Plans, the leadership of central and provincial governments continues to change.

Central government leadership changes

Ministry of Finance has a new vice minister, Zou Jiayi (邹加怡). She will be responsible for the Department of Tariffs, Department of International Economic Relationship, and Department of Fiscal and Financial Cooperation. Zou previously was a committee member on the...

October 24th, 2018
By USCBC Staff

On a recent visit to Beijing, the US-China Business Council’s (USCBC) Board of Directors urged the Chinese government to provide written proposals to the US government on their reform plans to facilitate an effective meeting between the presidents in November.

Minister of Industry and Information Technology (MIIT) Miao Wei said the United States’ 301 investigation into intellectual property rights and technology transfer policies had raised many “unfounded...

October 10th, 2018
By USCBC Staff

China is reducing tariffs on 1,585 products beginning November 1 to diversify its imports. The most recent tariff reductions will benefit Chinese consumers and economic rebalancing efforts.

For some US companies, the tariff reductions will increase competition from other markets that can already export more cheaply because of retaliatory tariffs imposed on US exports.

The tariff reductions could benefit companies that ship to China from third...

October 10th, 2018
By Ian Hutchinson

The Belt and Road Initiative (BRI) may face mild competition from US and EU alternatives.

While some have characterized BRI as “debt trap diplomacy,” China appears to be willing to restructure debts or change its strategies to address concerns.

Over the past five years, President Xi Jinping’s landmark Belt and Road Initiative (BRI), which offers significant financing for infrastructure projects from China’s backyard to as far away as Europe...

October 10th, 2018
By Angela Deng

Foreign holdings of bonds have increased in response to changes China has made to  improve the standards of its bond credit rating industry and increase regulatory scrutiny of its bond market.

These changes reflect China’s efforts to meet the requirements to be included in a global bond index.

Foreign holdings of China’s bonds have been steadily increasing amid China’s efforts to improve access to its market and increase transparency about the...

October 10th, 2018
By USCBC Staff

The US-China Business Council (USCBC) has updated an online resource on the Chinese government to help member companies better navigate its complexities. This includes an infographic linking to information about high-level government bodies, as well as descriptions of government agencies that have been updated to reflect China’s government restructuring and recent leadership changes.

On March 17, China’s national legislative body, the National People’s Congress (...