China Market Intelligence

December 2nd, 2020
By Chynna Hawes

Wednesday evening, the House unanimously passed the Holding Foreign Companies Accountable Act, which President Trump is expected to sign. The bill, which passed the Senate in May, would delist foreign companies that fail to come into compliance with Public Company Accounting Oversight Board (PCAOB) audit rules and disclosure requirements within 3 years. 

December 2nd, 2020
By Antonio Douglas

On October 21, 2020, the National People’s Congress (NPC) released the draft Personal Information Protection Law (PIPL). The draft law is set to become China’s first to comprehensively codify the rights of individuals over their personal data and the obligations of processors when collecting, processing, or transferring personal information. This makes the draft law analogous to the EU’s 2018 General Data Protection Regulation (GDPR). However, there are enough differences between both...

December 2nd, 2020
By Matt Margulies and Banny Wang

Working-level engagement between the US and Chinese governments on intellectual property (IP) rights issues is at an all-time high, but translating cooperation into tangible improvements in the regulatory environment for companies will take more time. Since the Phase One agreement went into effect, the Office of the United States Trade Representative (USTR), the United States Patent and Trademark Office (USPTO), The China National Intellectual Property Administration (CNIPA), and China’s...

December 2nd, 2020
By Chris Miller

USCBC’s Shanghai Office held its annual China Operations (CHOPs) conference in Shanghai on Tuesday, November 24. The program included more than 100 company representatives across industry. Companies and experts spoke candidly on a range of political and operational issues facing US companies doing business in China.

November 13th, 2020
By USCBC Staff

Under International Emergency Economic Powers Act (IEEPA) authority, President Trump issued an executive order today banning US persons from trading securities of “communist Chinese military companies.” According to the executive order, these companies contribute to China’s civil-military fusion policy, and include those that the Department of Defense listed in June and August, as well as any companies and related subsidiaries that the Secretary of Defense and the Secretary of Treasury...

November 11th, 2020
By Matt Margulies and Jack Kamensky

First mentioned in May, the concept of “dual circulation” introduces a new effort to sustain China’s continued economic development in a post-pandemic world. The framework consists of both “domestic circulation,” referring to production and consumption within China, and “international circulation,” which refers to foreign trade and investment. Over the next 5 years, China will seek to make domestic circulation the main driver of its economy, with international circulation as a complementary...

November 11th, 2020
By Chris Miller

Although provisions of the 2019 Ecommerce Law have been enforced to varying degrees in different regions of China for almost 2 years now, comprehensive implementing measures have yet to be officially codified. Last month, China’s State Administration for Market Regulation (SAMR) issued draft Administrative Measures for Supervising Online Transactions, the second and likely final draft before promulgation. In current form, the measures would further regulate China’s fast-evolving ecosystem of...

November 11th, 2020
By Chynna Hawes

Leaders of the US House and Senate armed services committees are currently working on a compromise National Defense Authorization Act (NDAA) proposal for fiscal year 2021. The committee leadership had planned to meet earlier this week, but it is not yet known if they reached a conference report with unified text. While several issues will need to be resolved around human rights and financial disclosures before the bill goes up for a final vote, there is broad alignment on many China-related...

November 9th, 2020
By Craig Allen

Over the coming weeks, President-elect Biden and his team will begin to identify key policy personnel for the new administration taking office on January 20, 2021. USCBC has spent the past few months speaking to China policy advisors both within the campaign and on volunteer advisory committees to understand some of the themes likely to color Biden’s China policy once in office. Though much can change in the coming months, I hope this analysis will help companies consider their China policy...

October 30th, 2020
By USCBC Staff

On October 29, China’s Communist Party Central Committee concluded the Fifth Plenum of the 19th Party Congress, a meeting of senior party leadership, and approved priorities for the next 5 years. The Central Committee met from October 26 to 29 to discuss the 14th Five-Year Plan (FYP), outlining priorities for the period from 2021 to 2025, as well as longer-term strategic planning through 2035. China generally convenes seven plenary sessions during each party congress’s 5-year term and...

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