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.
Giant Interactive Group Inc., a Chinese online gaming developer, has accepted a $3 billion offer to take the company private. The bid comes from Giant chairman, Shi Yuzhu and private equity firms Baring Private Equity Asia, and Hony Capital of China. Giant, which has been listed in New York since 2007, agreed to the $12 […]
By Michel Brekelmans and Lane Chen China is now the largest auto market in the world, and while automakers have previously focused on new auto sales, there has been recent interest in developing China’s automotive aftermarket for vehicle service and repairs. The domestic automotive aftermarket is relatively new in China and there are several characteristics […]
By Shelly Zhao China continues to significantly lag in its commitments to promote and implement regulatory transparency measures, according to a new US-China Business Council (USCBC) report. USCBC analysis of the National People’s Congress (NPC), the State Council, and selected Chinese government agencies shows varying levels of compliance with transparency commitments. In particular, key agencies […]
Tencent Holdings Ltd., the owner of popular messaging services WeChat and QQ, announced on March 9 that it had formed a strategic partnership with China’s second-largest e-commerce company. JD.com, Inc., also known as Jingdong or 360Buy, will gain two of Tencent’s e-commerce holdings, a minority stake in Tencent’s e-commerce marketplace, and the ability to promote […]
Mei Yan, a former journalist and media executive, talks about how censorship shapes the news in China and how the media has changed since her father served as Mao’s propaganda chief. By Christina Nelson Mei Yan has witnessed the changes to China’s media landscape as an insider and an outsider. Her father, Mei Yi, served […]
By E.J. Thomas After months of speculation about a possible initial public offering (IPO) in London, Hong Kong, or the United States, Alibaba Group Holding Ltd. announced on March 16 that it has chosen to hold its IPO in the United States. Alibaba, which has been valued at more than $140 billion, controls nearly 80 […]
Transparency—including solicitation of public feedback during the creation of new laws and regulations, open government decision-making, and the ability to access information—is consistently cited as a top concern for US-China Business Council (USCBC) member companies in USCBC’s annual membership survey on China’s business environment.
US-China Business Council (USCBC) member companies have regularly highlighted administrative licensing as a primary concern for the China market. In USCBC’s 2013 member company survey, members ranked administrative licensing as their third most significant concern.
The US-China Business Council (USCBC) represents nearly 220 US companies with significant investments and operations in China and with strong interests in the development of China’s economy and foreign investment regime. We are pleased with the establishment of the China (Shanghai) Pilot Free Trade Zone (FTZ) as a testing ground for further reform in many areas.
By E.J. Thomas China National Cereals, Oil, and Foodstuffs Corp. (COFCO), China’s largest grains trader, is in talks with Singapore-listed Noble Group Ltd. and Hopu Investment Management Co. to form a joint venture with Noble’s agribusiness operations, according to the Wall Street Journal. The agribusiness operations under discussion involve Noble’s sugar mills in Brazil, soybean […]
