China Market Intelligence

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...
April 10th, 2019
By USCBC Staff
Across meetings, officials committed to finalizing a bilateral agreement, but concerns about a unilateral enforcement mechanism and the rate of tariff reductions are stalling the process. Chinese data regulators have adopted a more accommodating perspective on data localization requirements; final implementation will occur only after bilateral talks conclude. China’s new Foreign Investment Law is being held up as a sign of progress made on foreign company issues. USCBC is collecting detailed...
March 27th, 2019
By Chris Miller

Two major developments have emerged in ecommerce in China over the past year: the Ecommerce Law, which took effect January 1 of this year, and the concerted effort directed by the State Council to improve the environment for cross-border goods sales to the benefit of both consumers and retailers. As is often the case with policy developments in China, implementation and enforcement is key, and the specific implications of these initiatives are becoming more clear. The US-China...

March 27th, 2019
By Chynna Hawes and Jack Kamensky
Recent developments, such as the incorporation of the State Council Legislative Affairs Office into the Ministry of Justice, have increased the role of the Party in China’s legislative process. At the same time, efforts to improve legislative procedural processes provide increased opportunities for companies to participate, such as open comment periods and engaging with experts, associations, and academics involved in drafting legislation.   

China’s legislative process continues...

March 27th, 2019
By USCBC Staff
Despite the March 2018 government restructuring, many reforms continue to be carried out. China’s annual work plan for 2019 is expected to be released in April. The ongoing trade negotiations may impact the outlook for several industries and issues.  

At last year’s National People’s Congress (NPC), China launched a massive government restructuring to streamline policymaking and enforcement. Throughout the months-long reorganization process, the government continued to move ahead...

March 27th, 2019
By Ricky Altieri
China expedited approval of a new Foreign Investment Law. VAT taxes will be reduced in manufacturing, construction, and transportation. Premier Li announced increased support for infrastructure and easing of credit access, but without new commitments of government spending. The Supreme People’s Court echoed earlier commitments to continue improving the intellectual property environment.

This year’s National People’s Congress (NPC) which took place March 5-15 included a few key...