Liqi Xu
Manager, Government Affairs and Business Advisory Services
US-China Business Council
Liqi Xu is a government affairs and business advisory services manager at USCBC’s Shanghai office. Prior to the USCBC, Liqi worked as an industry analyst in a leading tech firm’s finance division, where he was responsible for analyzing Chinese domestic policies, corporate-level strategic risks, and emerging Information and Communication Technology (ICT) trends. Previously, he gained experience in a consulting firm and think-tank.
Liqi holds a master’s degree in politics and international studies from the University of Cambridge and a bachelor’s degree in political economy from Georgetown University.
8 Posts
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China’s 2025 Budget: More Debt, More Tech
At the annual two sessions meetings earlier this month, China unveiled its 2025 government budget, detailing its spending priorities for the year. Aligned with the themes of the Government Work Report, which includes the highest projected deficit-to-GDP ratio in three decades, the budget enables greater spending to allow for a more proactive fiscal policy.
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Local Agendas Set the Stage for National Priorities Ahead of the Two Sessions
The Chinese People’s Political Consultative Conference will begin on March 4, followed by the National People’s Congress (NPC) on March 5. Together, these meetings—known as the “two sessions”—serve as China’s most important annual political event, shaping the direction of national economic and social policy.
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New FTZ Data Policies, CBDT 2.0 Move Toward Greater Flexibility
The Shanghai Free Trade Zone (FTZ) and associated Lingang New Area recently introduced the first batch of general data negative lists for cross-border data transfers (CBDTs). The lists cover both “personal information” and “important data” in reinsurance, international shipping, retail, catering, and hospitality.
