March 7th, 2018
Eighty-nine percent of US-China Business Council (USCBC) member companies view rising costs as a top concern in the China market, according to USCBC’s 2017 Member Survey. Costs have been a top concern for China operations for more than a decade.
Labor is the top cost for companies
June 29th, 2017
Enforcement of China’s Cybersecurity Law (CSL) began at the beginning of this month, but questions remain about how companies should comply with the myriad requirements of the law and its related measures, standards, and other regulations. Following conversations with company executives and service providers, the US-China Business Council (USCBC) developed a brief list of best practices to help accelerate internal compliance plan development.
January 25th, 2017
The 2012 launch of China’s anticorruption campaign has renewed US companies’ attention to anti-bribery, competition, and corruption-related policies and regulations.
January 25th, 2017
Costs of complying with China’s environmental protection laws are rising as companies operating there face higher compliance costs, more frequent inspections, and a swath of new laws and regulations on emissions.
August 5th, 2015
Modern tools like WeChat, the world’s largest instant messaging service, allow companies in China to communicate more efficiently, make quick internal decisions, and close sales on the go. However, embracing new communication technologies in China also presents new challenges for companies in maintaining compliance with US and Chinese anti-corruption legislation. As social media platforms like WeChat become the new standard for communication, it is becoming more difficult for managers to monitor conversations to spot possible violations of company policy.
May 13th, 2015
Companies are thinking through their advertising strategies—from whom they choose to appear in their ads, to how they phrase disclaimers, to where they advertise—in preparation for a revised law that will come into effect this fall. The amendments to China’s two-decades-old Advertising Law will require companies to reevaluate their advertising strategies to ensure compliance with the law, while maintaining consistent and strong brand messaging.
