Research & Analysis

On June 20, China’s Food and Drug Administration (“CFDA”) proposed the Priority Review Designation Procedure for Medical Devices (Exposure Draft) in an effort to cut through persistent bureaucratic red tape in the medical devices registration process and fulfill China’s rising clinical demand for medical devices.

China’s central government offered temporary, moderate market access improvements for foreign companies and simplified filing procedures in China’s free trade zones last month.

Arguably, no hire is more important today than chief information security officer. If that seems like an overstatement, then ask the board of directors of Target, Sony Pictures, Home Depot, J.P. Morgan, or any one of the long list of organizations whose corporate data stores have been breached recently. They are the ones who still have to deal with reputational wreckage, loss of customers’ trust, financial losses, and all the other consequences cyberattacks bring.

President Obama, accompanied by Secretary Kerry, met with world leaders in Hangzhou, China for the G20 Summit last week. Obama’s trip included a bilateral summit meeting with President Xi Jinping, which is the eighth and likely final time the two leaders will meet. USCBC is analyzing the outcomes from the meeting and will have additional content soon.

Advances in mobile technology and app development have given rise to a new business model that has profoundly affected the transportation, ecommerce, and lodging industries. The sharing economy refers to third-party online service providers that help businesses and individuals turn excess supply into revenue by linking them to consumers via online platforms. With high levels of mobile use and a rapidly expanding consumer class, China has been quick to adapt to the sharing economy, presenting tremendous opportunities for those who embrace new technology and business models.