The reshuffle of China’s ministries during its most recent government restructuring has brought significant changes to China’s government leadership at central and local levels. This update covers leadership changes over the past quarter and highlights those related to the restructuring.
Ministry of Industry and Information Technology
China’s new draft Cybersecurity Law has raised a broad range of potential concerns for US companies seeking to operate in China, including vague definitions of key terms such as “network operator” and “critical information infrastructure,” intellectual property aspects of product certification, cybersecurity standard-setting, and liabilities for those that are unable to comply with provisions in the law.
On January 13, China’s Ministry of Industry and Information Technology (MIIT) released a circular notice completely removing the foreign equity cap for investment in e-commerce companies in the Shanghai Free Trade Zone (Shanghai FTZ). The notice allows foreign-invested enterprises to control 100 percent stakes in such companies.