reform

Licensing Remains a Top Challenge for US Companies in China

Sixty-five percent of US-China Business Council (USCBC) member companies experience challenges with licensing and approvals to operate in the China market, according to USCBC’s 2017 Member Survey. Licensing and approvals rose to the second-most prominent challenge for US companies in the China market, behind competition with Chinese companies.

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Lower GDP Target, Same Reform Signals in Premier’s Work Report

China’s Premier Li Keqiang stated in his annual government work report that the country’s GDP growth target for 2017 would be “around 6.5 percent,” a decrease from last year’s “6.5 percent to 7 percent.” The report, traditionally delivered in the opening days of the National People’s Congress each spring, reviews progress of the previous year,

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GDP

Administrative Licensing Reform Fails to Address Foreign Concerns

American companies are seeing small benefits from China’s national administrative licensing reform agenda, but a number of obstacles continue to challenge companies in licensing and government approvals. Licensing ranked sixth in the list of challenges this year for US-China Business Council (USCBC) member companies in China.

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