It is uncertain whether Presidents Donald Trump and Xi Jinping will reach an agreement at their December 1 meeting that can lead to a ceasefire in the trade war or resolve some bilateral trade issues.
As the the highly anticipated December 1 meeting between Presidents Donald Trump and Xi Jinping approaches, the prospects of the two presidents reaching an agreement on escalating bilateral trade issues remain uncertain. The direction of trade talks, which resumed...
China’s anti-monopoly regulators have been reorganized under a single agency to increase efficiency and reduce bureaucratic overlap.
While signs indicate that enforcement will remain stable overall, companies in high tech industries that touch on China’s industrial policy goals will likely be subject to an increasingly higher degree of political risk.
In March, China unified its antimonopoly enforcement authorities under a single agency: the...
Three Chinese regulators announced upcoming or recent cyber security inspections.
The inspections that have already taken place targeted domestic companies.
The announcements are a step forward in China’s implementation of its cybersecurity regime, but provided no detailed timeline for full-scale inspections of foreign companies covered by the law.
Three Chinese regulators recently announced upcoming or recent cyber...
The US-China Business Council (USCBC) participated in the inaugural China International Import Expo (CIIE), a major Chinese national gathering of senior government officials and global business leaders, as well as representatives from China’s Ministry of Commerce (MOFCOM) . USCBC held its annual Shanghai China Operations Conference at the CIIE site with support of MOFCOM, and member company meetings with central and local government senior officials.
USCBC...
USCBC’s 2018 member survey found that only about a quarter of American companies have party organizations in China. The overwhelming majority of these organizations have been in place for some time, and none play a role in company decision making.
China’s legal requirements for party organizations in private companies do not mandate a management or governance role in private companies.
The Chinese Communist Party’s (CCP) increased push to...
China’s SOE reforms aim to strengthen the companies by reducing overcapacity and mitigating high levels of debt
Reforms have introduced mixed ownership structures, but Chinese leaders have said SOEs will not be privatized.
Since the release of the 13th Five-Year Plan in 2016, which called for state-owned enterprise (SOE) reform, China has reduced overcapacity in SOE-dominated industries, consolidated SOEs through mergers and acquisitions, and...
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...
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...
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...
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...
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