Dear USCBC members interested in industrial policy,
China continues to inject capital into its high-tech sector. Investments are focused on both top-down and bottom-up innovation. From the top, various State Council ministries are redirecting the country’s capital resources into key sectors, with a renewed focus on quality and performance. From the bottom, central and local planners continue to cultivate small- and medium-sized enterprises (SMEs) in strategic sectors and develop the “...
Dear member,
Technology self-sufficiency has secured its position as a top economic and political priority for China. At last year’s Central Economic Work Conference (CEWC), the annual economic planning session chaired by President Xi Jinping, promoting industrial innovation was named the first of nine priority areas for 2024. During his New Year’s address, Xi praised the country’s technological breakthroughs.
At the same time, the slowing economy has lessened the government’s...
Dear Member,
In the last few months, there has been a moderate slowdown in industrial policies for high tech issued at the central and local levels. China’s government reorganization after the Two Sessions has meant that there will be a pause as bureaucrats adjust to their new roles. We will likely see increased output from the central-to-local industrial policy pipeline as the Third Plenum, which typically focuses on economic policy, occurs in October or November. China has...
This edition of the industrial policy and standards industry updates focuses on central and local policies that have been issued in the weeks around the 20th Party Congress and the Central Economic Work Conference. Both events emphasized that high quality development and consumption driven growth are core priorities for China’s overall economic health. Planners view industrial policy as a second-order tool to shift the economy toward these new growth paradigms, and they are also an answer to...
Summer has been a frenetic season for China’s economic planners as they attempt to counteract multifarious economic impediments. COVID-19, low consumption, electricity shortages, and a view from leadership that growth and technological progress is too gradual have motivated policymakers to lean on industrial policy as they prepare for the 20th Party Congress on October 16. At the same time, regulators are clarifying and strengthening bureaucratic responsibilities for several long-term...
USCBC is pleased to announce that we have expanded the standards industry update to incorporate a range of areas that contribute to China’s industrial policies, including technology development plans, subsidies, state-owned enterprise (SOE) policy, procurement, and competition policy.
Industrial policy refers to China’s efforts to promote the growth of specific, targeted sectors by artificially advancing their competitiveness. These efforts are...
In October, China unveiled its outline for standardization policy for the next 15 years. The outline represents a continuation of many existing standards policies rather than a change in direction. It emphasizes continued alignment between Chinese and international standards, outlines a drive to make Chinese standards setting more market driven, and attempts to leverage standards to stimulate innovation in a wide range of technologies. USCBC has published an analysis of this outline and will...
Dear USCBC members following standards policy in China:
China recently released new draft measures on mandatory national standards to further its efforts at standardization reform. On October 15, the State Administration for Market Regulation (SAMR) issued draft Measures on Mandatory National Standard Management (the Measures) for public comment. Comments must be submitted by November 16, and can be entered online at www.chinalaw.gov.cn, sent by email to [email protected], or mailed...
Will ISO Standards Transform Compliance in China?
As China pushes forward with its national anti-corruption campaign, companies are considering standards released by the International Standards Organization (ISO) to improve anti-bribery and corporate compliance programs.
USCBC issued a report on anti-bribery compliance in December of 2017 that discussed briefly the incorporation of ISO standards into Chinese government documents. During a February 1 USCBC briefing in Shanghai...
Dear USCBC members interested in standards:
In our regular review of policies related to standardization, we wanted to share the below regulatory updates.
We hope these updates may be helpful. Should you have any questions on these or other topics, please do not hesitate to contact us. In particular, if you have any comments on the China Standards 2035 plan noted in press reports, please email: [email protected].
China to Enact China Standards 2035
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Dear USCBC Members,
China’s regulators recently released revised versions of important regulations affecting competition policy and M&A reviews. A new draft revision of China's Anti-Unfair Competition Law (AUCL) was given a second reading at a five-day bimonthly session of the National People's Congress (NPC) Standing Committee in late August, and China’s Ministry of Commerce (MOFCOM) released a revised draft of Measures on...
9/12/2017
Dear USCBC Members,
Last week, China released a new draft revision of its Standardization Law USCBC submitted comments on a previous draft in June. Full USCBC analysis of that draft is available here. The last draft linked standards to national security, which could limit the use of foreign products and services, and endanger intellectual property (IP) protection. The latest draft includes additional concerning provisions related to indigenous innovation and national...
Dear member companies interested in standards and conformity assessment:
As part of the US-China Business Council’s (USCBC) regular monitoring of government and press sources, we recently came across a number of policy and news developments related to standards development in China.
Items of particular note to members include news on the revised Standardization Law, which is expected to be published sometime within the next year. Other major policy...