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

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.

The 2012 launch of China’s anticorruption campaign has renewed US companies’ attention to anti-bribery, competition, and corruption-related policies and regulations.

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.