China Market Intelligence

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 (...

September 20th, 2018
By Yan Yu

Jacob Parker, US-China Business Council (USCBC) vice president for China operations, last week led a delegation of member companies to the 20th China International Fair for Investment and Trade (CIFIT) in Xiamen, China. In addition to participating in the general forum and programs at CIFIT, USCBC organized meetings with Fujian government leadership and senior government officials from other participating provinces. Parker also attended the Symposium for Multinational Corporations hosted by...

September 20th, 2018
By Jack Kamensky and Owen Haacke

The increase of environmental enforcement actions following the implementation of China’s Environmental Protection Law in January 2015 has had a mixture of positive and negative effects on the business operations of US-China Business Council (USCBC) member companies. Temporary shutdowns and supply chain disruptions have negatively affected company operations, leading many to consider how to proactively mitigate the effects. At the same time, fairer enforcement has helped level the...

September 20th, 2018
By Angela Deng

Since the March announcement that China would restructure its government to make it “better-structured, more efficient, and service-oriented,” regulators have worked to formulate and release their “three determinations” plans. By clarifying the functions, structure, and staffing of reorganized government agencies, the plans shed light on how these ministries will function and how companies should begin interacting with them.

Several trends are notable in the plans...

September 20th, 2018
By Chynna Hawes

On September 7, the 13th National People’s Congress Standing Committee (NPCSC), China’s constitutional authority, released its five-year legislative plan, outlining and prioritizing major legislative tasks into three classes that, in principle, are listed in descending priority; however, items are not passed or deliberated in sequence.

The 13th NPCSC's legislative plan includes 69 “Class I” projects to be completed by March 2023. However, many Class I projects...

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