China Market Intelligence

July 14th, 2021
By Melinda Xu and Wilson Hui

The world’s largest carbon market is nearing operational launch following the release of a legal basis for the market in February and a decade-long pilot across seven provinces and cities. With China’s national Emissions Trading Scheme (ETS) still facing several operational issues, the market’s opening later this week will test China’s ability to balance economic growth with President Xi Jinping’s “3060 targets.”

July 14th, 2021
By Alison Schonberg

While China’s government procurement regime has become more transparent and accessible over the last decade, foreign companies still face significant hurdles, including uneven practices across regions and industries and barriers to entry. The pressure to “buy local” has become more pronounced following a rise in US-China tensions, concerns about the reliability of foreign suppliers, and calls to boost technology self-sufficiency. 

July 14th, 2021
By Allie Klein and Anna Ashton

The United States and its allies in the West have issued strong rebukes of China’s actions in Xinjiang and pushed policy proposals to call out China’s labor practices. Though lawmakers and heads of state in Europe and North America have made their concerns clear, it remains to be seen if they can coordinate not just messaging, but also joint sanctions or other concrete measures, as they did in March.

June 30th, 2021
By Mengchen Suo and Banny Wang

On June 11, China’s State Council released its Legislative Work Plan for 2021 (unofficial English version). The plan aims to benchmark the socio-economic development goals and tasks from the 14th Five-Year Plan and strengthen legislation in key areas, with many of the same focal points of the National People’s Congress (NPC) Legislative Plan for 2021 released in April. This year, the State Council plans to submit 18 major draft laws and amendments to the NPC Standing Committee for...

June 30th, 2021
By Chynna Hawes & Allie Klein

With Congress working on a landmark proposal premised on competing with China—the US Innovation and Competition Act—it is helpful to understand exactly what powers the legislative branch has and how those levers run through US policy toward China. 

June 30th, 2021
By Antonio Douglas

On June 9, the Biden administration released the Executive Order on Protecting Americans’ Sensitive Data from Foreign Adversaries (EO), which aims to prevent foreign adversaries, China included, from leveraging apps and software to access sensitive information or enable human rights abuses. The EO does away with previous restrictions on Chinese apps while elaborating on the Information and Communication Technology and Services Supply Chain (ICTS) Executive Order, which empowers the executive...

June 16th, 2021
By Antonio Douglas and Alison Schonberg

Since China first announced its intent to create a digital currency electronic payment (DCEP) scheme, the “digital yuan,” back in 2016, the initiative has been subject to disparate claims about its connection to cryptocurrency and its potential to revolutionize global finance and threaten the US dollar. While China has yet to release a legal framework for DCEP, official speeches and expert analysis indicate that China aims to use DCEP to rein in its mobile payment sector and gain greater...

June 16th, 2021
By Allie Klein and Martin Kendrick

The US Innovation and Competition Act (USICA) passed the Senate last week by a vote of 68–32, indicating strong, bipartisan support. The nearly 2400-page bill pulls together several separate proposals into one sweeping China strategy. If passed into law, USICA would codify some of the provisions in President Joe Biden’s American Jobs Plan, including investments in domestic research and innovation, federal procurement of US-made goods, and a realignment of US diplomatic and economic strategy...

June 16th, 2021
By Yan Yu

The National People’s Congress Standing Committee’s most recent session closed last Thursday with the sudden release of a new Anti-Foreign Sanctions Law (Chinese text). The law, which was under review but had not been disclosed until shortly before its official publication, expands China’s arsenal for countering what it considers unjustified or discriminatory sanctions or other extraterritorial actions taken by foreign powers. The release of new tools for retaliation coincides with a flurry...

June 11th, 2021
By USCBC Staff

On June 10, 2021, China’s National People’s Congress Standing Committee passed the Anti-Foreign Sanctions Law (in English and Chinese), which immediately entered into force. The law creates a legal basis for the Chinese government to employ countermeasures if China assesses that foreign nations have violated international law with “discriminatory restrictive measures” that harm Chinese citizens or interfere with China’s internal affairs, among other conditions. It also adds to the Chinese...

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