Yan Yu
Director, Beijing Office
Beijing
Director, Beijing Office
Beijing
Yan Yu has worked with the US-China Business Council Beijing Office since 2015. She currently heads USCBC’s engagement with central Chinese government bodies and advises members on navigating the complexities of China’s regulatory environment. Yu also specializes in critical policies and regulations impacting members’ operations in China, including China’s Foreign Investment Law regime as well as the emerging anti-sanction framework. Yu received her master’s degree in Asian Studies from the University of Michigan, Ann Arbor. Yu is admitted to the PRC Bar.
China’s new Export Control Regulations on Dual-Use Items, released in October, grant the Chinese government the authority to require a license to export certain covered products, technologies, and services that are found in, or can be used to produce, certain chemical, biological, missile, and nuclear items.
China’s National People’s Congress (NPC) and State Council have both released their legislative plans for the rest of 2024, reflecting China’s regulatory priorities in a wide array of economic and civil society matters.
Last November, the State Council issued plans for both the Beijing and Shanghai Free Trade Zones (FTZ), stating further commitments in liberalizing service sectors for foreign investment and facilitating trade. In the plans, Beijing and Shanghai respectively issued policy frameworks to give foreign investors more access in healthcare, finance, and telecommunication services, among others.
Last August, China’s State Council released Document No. 11, also called the 24 Measures, which outlines measures to attract and utilize foreign investment in China. Several of the measures speak to long-held concerns of the US business community, including cross-border data transfer, government procurement, and intellectual property (IP) theft.
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.