China Market Intelligence

April 24th, 2019
By Ricky Altieri
China has rolled out a series of pilot programs employing blockchain to increase transparency and cut costs. However, China has placed restrictions on trading non-state-backed cryptocurrencies and imposing new requirements on companies that use the technology. Blockchain’s rollout may present opportunities to work with the Chinese government in the financial and tech sectors.

To increase transparency and lower costs in a range of functions, Chinese government ministries have recently found...

April 24th, 2019
By Chynna Hawes
China’s IP regulator has boosted efforts to provide a more immediate solution to malicious trademark application while more comprehensive revisions to the Trademark Law are underway. Long awaited draft amendments to the Trademark Law were adopted at this week’s NPC Standing Committee meeting. A new reporting mechanism could enable brand owners to better protect their marks, and the national credit system appears to be gaining ground as a tool for deterring IP infringement.

In one of the...

April 24th, 2019
By Angela Deng
The US Department of Commerce recently added 37 Chinese entities to its Unverified List (UVL), a list of entities whose end-use credentials could not be verified by US authorities. These additions, and the complex compliance procedures involved with the UVL, will impose new compliance burdens on US companies involved in export transactions with the listed entities. The additions were the result of delays by the Chinese government in responding to US government requests for access to the...
April 24th, 2019
By USCBC Staff
The National People’s Congress Standing Committee (NPCSC) this week approved amendments to eight laws, including the Trademark Law, the Anti-Unfair Competition Law (AUCL), and Administrative Law. Trademark Law changes focus on punishing bad faith trademark applications, but do not introduce criminal penalties, and will come into effect November 1, 2019. AUCL and Administrative Law amendments add protections for trade secrets, but fall short of comprehensive reform, and immediately went into...
April 24th, 2019
By Melinda Xu and Sun Yi
Leadership changes were made at the Securities Regulatory Commission, Ministry of Commerce, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Finance, and other departments. Shanghai and Guangdong provinces have promoted several new deputies, vice-governors and vice-mayors. Promotion of the "Post-70," or government officials born after 1970, is accelerating, and more state-owned enterprise executives took to political posts.

Each year...

April 24th, 2019
By Erin Slawson

The US-China Business Council partnered with the Center for Strategic and International Studies (CSIS) Freeman Chair in China Studies on April 10 to host the US-China Innovation Forum, a platform for experts from industry, finance, government, and think tanks to discuss how to best foster, protect, and advance innovation.

USCBC President Craig Allen and Scott Kennedy, CSIS Freeman Chair of China Studies senior advisor and director of the Project on Chinese Business...

April 10th, 2019
By USCBC staff

Processing times in Shanghai have increased to over two months for US business visa applications, according to data provided by the US State Department, though shorter times have been reported for other locations in China.

The data reflect the wait time for a visa interview appointment. After an appointment and interview, the State Department takes another three to five days to print and check each visa.

Due to the delays, USCBC contacts at the...

April 10th, 2019
By Shen Wang and Yan Yu
China’s State Council announced that it will be reducing the tax rate on a variety of daily consumer goods, including books, cameras, and bicycles. The tax reduction is meant to boost domestic consumption and could benefit cross-border trade, ecommerce, and logistics industries.

On April 8, the State Council Customs Tariff Commission announced that it will be revising the system for personal postal articles tax (PPAT)—which was introduced in 2010 and targets small parcels bought by...

April 10th, 2019
By Jack Kamensky
Late last month, an explosion at a chemical plant in Jiangsu killed 78 people. Structural issues such as incentives of local officials, a shortage of qualified inspectors, and non-science-based standards have resulted in slow progress in work safety, despite past disasters. While the flurry of inspections and increased restrictions on the chemical industry may disrupt operations and supply chains, foreign companies can leverage their experience to strengthen their relationships with regulators...
April 10th, 2019
By Angela Deng
A new financial policy called “financial supply-side structural reform” could lead to more funds being funneled into the private sector. Depending on how the policy is implemented, China’s financial market could become more competitive, allowing new players and financial products, and possibly providing more opportunities for foreign financial services companies. China has launched the Science and Technology Board which aims to raise funds domestically for tech startups in emerging industries...

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