The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
On Monday, November 21, USCBC and the US Chamber of Commerce held a reception and small dinner in honor of the 2016 U.S.- China JCCT. The reception and dinner was attended by Vice Premier Wang Yang and his delegation and also joined by Commerce Secretary Penny Pritzker, US Trade Representative Michael Froman, USCBC Chair Mark Fields, and other member company representatives.
Purchasing real estate in China can be a complex procedure. Because there are so many eligibility requirements for a mortgage and to buy real estate, it’s important for investors to be aware of the differences between owning real estate and land rights in China.
Business leaders around the world have long recognized the potential of China’s consumer market. In this lively presentation to Asia Society, Chinese consumer expert Tom Doctoroff says marketers and business leaders needed to understand the “tension in the heart of the post-90s generation” in order to make their products more relevant in the consumers’ lives.
Despite high-level government support for China’s New Energy Vehicle (NEV) industry, the Chinese government has been sending mixed messages to foreign companies investing in the world’s largest electric vehicle market. Some regulatory guidance is poised to advance the NEV and battery industries, but other regulations stifle investment and innovation.
Crowdfunding, funding a project through online donations, has become a popular way to invest in the West; but in China, it’s a relatively nascent industry with enormous potential for future growth. The World Bank’s 2013 Crowdfunding’s Potential for the Developing World report estimated that China will generate $50 billion, or 52 percent of the global total, in crowdfunding by 2025. During 2015, RMB11.4 billion ($1.7 billion) was raised through crowdfunding platforms in China – an over 400 percent increase from 2014.
Information technology (IT) has created new channels for growth and revolutionized how companies do business. With the largest number of Internet users in the world, China has become a global hub for innovation in mobile application development, smart devices, ecommerce, mobile payments, and other frontiers of technology that integrate big data with internet-based functions to enhance traditional business models.
High-quality foreign medical devices might soon have a faster path to approval in the developing China market. Recently released draft rules that call for expedited review of certain medical devices should benefit US companies in China. However, competing regulations appear to favor domestic devices, as the vast majority of applications moved into the priority status during the trial of the program were domestic.
