Yan Yu
Senior Director and Head of China Government Affairs
Beijing
Senior Director and Head of China Government Affairs
Beijing
Yan Yu is Senior Director, China Government Affairs at the US-China Business Council. In this role, she leads USCBC’s government affairs function across its Beijing and Shanghai offices, overseeing engagement with central and local Chinese government bodies. Since 2015, Yu has advised members on navigating the complexities of the Chinese policy environment by providing regulatory insights and engagement strategy. She also specializes in critical policies and regulations impacting members’ operations in China, including China’s Foreign Investment Law regime and the emerging countermeasures framework. Yu received her master’s degree in Asian Studies from the University of Michigan, Ann Arbor. She is admitted to the PRC Bar.
On June 1, China’s State Council released the Regulation on Outbound Investment, elevating the issue to the State Council level and expanding oversight to factor in national security, technology transfer, capital flows, and data. The new rules will take effect on July 1.
China’s State Council issued the Regulations on Industrial Chain and Supply Chain Security on April 7, creating a mechanism to monitor and investigate supply chain risks. Investigations could lead to countermeasures against countries, companies, and other entities. While the rules don’t necessarily create new retaliatory tools, they connect China’s existing tools under one framework, embedding retaliation into China’s governance system.
China’s State Council has finalized the Notice on Implementing Policies for Domestic Product Standards in Government Procurement after several rounds of public consultation. The document introduces China’s first-ever nationwide definition of “domestic product” for government procurement purposes. This notice will take effect on January 1, 2026.
Following President Donald Trump’s announcement of “reciprocal tariffs” on April 2, China swiftly responded with a broad package of retaliatory tools targeting US trade and investment.
Amid an economic downturn and growing pressure to restore foreign investor confidence, China’s Ministry of Finance (MOF) recently published a draft definition of “domestic products” for government procurement. The move aims to establish a nationwide standard. However, its effectiveness in resolving longstanding issues facing the business community in this area remains to be seen.