Mingyue Li (Nico)
Manager, Government Affairs and Business Advisory Services
US-China Business Council
Manager, Government Affairs and Business Advisory Services
US-China Business Council
Nico is the Government Affairs and Business Advisory Services Manager at the Beijing Office. Prior to this position, she worked as the Events, Administration and Business Advisory Services Manager in Beijing for two years and, before that, interned at the Washington, DC office for one year and a half. She holds a BA in Social Anthropology from the London School of Economics and Political Science and a master’s degree in International Affairs from the Elliott School of International Affairs at George Washington University. She is fluent in Mandarin Chinese, English, and speaks intermediate German.
International travelers are returning to China. In Q1 2024, there was a 305 percent year-on-year increase in foreign national inflows—a trend spurred by loosened entry restrictions and efforts to boost the economy since the Chinese government lifted its zero-COVID policy in late 2022.
In recent years, the United States and China have expanded their respective trade controls and sanctions systems to cover a broadening segment of bilateral commerce. The rapid pace of expansion, complexity of rules systems, and lack of transparency on both sides have raised compliance costs, injected significant uncertainty into business planning, and disrupted business relationships between both countries.
Last month, the 14th National People’s Congress Standing Committee (NPCSC), China’s top legislative body, released its five-year legislative plan for 2023 to 2028. The plan outlines a total of 130 legislative projects—the highest total since the NPCSC released its first five-year legislative plan in 1993, which had a total of 152 items.
On June 28, China’s top legislature, the National People’s Congress (NPC) Standing Committee, adopted the Foreign Relations Law (FRL) after a second reading.