China Market Intelligence

September 20th, 2018
By Chynna Hawes

China’s regulators recently released the first drug traceability proposal since China suspended its previous system in 2016 because of a number of challenges, including complaints of unfair competition and that the government-issued serial number was not compliant with GS1 global standards for pharmaceutical traceability. The goal of the new proposal is to establish a system to trace drugs through the supply chain, prevent counterfeit and substandard drugs from entering the supply...

September 20th, 2018
By USCBC Staff

The US-China trade conflict has once again escalated, with both sides preparing to implement tariffs on billions in goods next week. Monday evening, President Donald Trump announced his decision to impose an additional 10 percent tariff on $200 billion of Chinese imports and finalized the list of goods subject to the new tariffs, effective September 24. In response, China’s Ministry of Finance (MOF) officially announced China will impose an additional tariff rate of 5 or 10 percent...

September 20th, 2018
By Jake Parker

As summer draws to a close, I would like to highlight a few trends USCBC’s China offices are observing based on their conversations with our membership, Chinese media, government sources, and other key influencers.

Tariff Impact

Tariffs were the most common discussion topic with foreign company executives in China over the summer.  While the majority of USCBC members invested in China are manufacturing here to access the local market, some...

September 20th, 2018

USCBC’s 2018 member survey report, released on Tuesday, indicates that despite positive commercial gains in the last year, American companies have strong concerns about the increasingly rocky US-China relationship and implications for the business environment in China. American companies are less optimistic about China's policy direction and the trajectory of the bilateral relationship. They remain concerned about discriminatory industrial policies and the advantages enjoyed by...

September 6th, 2018
By USCBC Staff

Newly-installed President of the US-China Business Council (USCBC) Craig Allen recently concluded his inaugural trip to China, where he met with senior government officials in Beijing and Shanghai. Officials were eager to discuss the US-China commercial relationship, share China’s perspective on the trade conflict, and explore the view from Washington. USCBC led meetings with Vice Premier Liu He, People’s Bank of China (PBOC) Governor Yi Gang, Minister Zhang Mao of the State...

September 5th, 2018
By Ricky Altieri

Given the size and complexity of the Chinese ecommerce market, foreign companies often struggle to root out operations selling unlicensed or counterfeit versions of their products. The US-China Business Council (USCBC) consulted member companies to identify and create recommendations for the spate of new challenges to intellectual property (IP) protection in the ecommerce space, including:

Seek out memorandums of understanding (MOUs) with ecommerce platforms. Some...

September 5th, 2018
By Jake Laband

Senior Chinese leaders have repeatedly insisted China is improving market access and the investment environment, improving the protection of intellectual property, and ensuring equal treatment of foreign and domestic companies in China. “China’s door of opening-up will not be closed and will only open even wider!” exclaimed President Xi Jinping at the 2018 Bo’ao Forum.

While many foreign companies report positive momentum in China’s economic reform efforts, a...

September 5th, 2018
By Owen Haacke and Melinda Xu

The Standing Committee of the National People’s Congress passed China’s Ecommerce Law on August 31, creating a framework for regulating China’s rapidly growing ecommerce market. The law takes effect January 1, 2019. Guidance on implementation of the law, as well as for cross-border ecommerce, will be released later.

After USCBC submitted comments on the final public draft of the law, the Chinese government made a number of changes to address concerns, including...

August 23rd, 2018
By Angela Deng

The escalating US-China trade war is complicating China’s efforts to strengthen financial reforms as China’s market and currency vulnerabilities become more evident. So far, China has not reversed its course on financial reforms and has implemented policies that support economic growth to mitigate the side effects of the trade war. However, these policies are frequently at odds with each other; simultaneously pursuing both is a delicate and complex task. If the trade war further...

August 23rd, 2018
By Huihui Shen and Owen Haacke

US companies are looking at potential opportunities in China’s island province of Hainan—a historically tourism-driven economy that is promoting further openings to foreign business as part of its new status as a free trade zone (FTZ). Hainan will implement the same policies as China’s other FTZs, including the FTZ negative list. Hainan also plans to set up a free trade port, which will have a greater focus on customs clearance than FTZs; the free trade port will be fully...

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