Category: Politics

Healthcare Series Part 1: Reimbursement Drug Lists

Recently announced provincial reimbursement drug lists (PRDLs) provide possible new opportunities for US pharmaceutical companies seeking to expand market reach for their drugs in China. These updated subnational lists largely reflect the national reimbursement drug list (NRDL), which was released...

/ November 1, 2017

China Work Visa: Unified Work Permit Benefits Foreigners

In an effort to attract more foreign talents, the State Administration of Foreign Experts Affairs (SAFEA) has quickened reform to make it easier for foreigners to apply for China’s work visa. Effective on April 1, 2017, the SAFEA rolled out...

Preventing a US-China Trade War

The escalated tensions between the U.S. and China are raising concerns about a potential trade war. The fact is that the business relationship between the U.S. and China is vibrant and mutually beneficial, for the most part. American companies are...

/ October 4, 2017

Busting US-China Trade Deficit Myths

Without doubt, there are problems in the U.S.-China trade relationship. However, the current officially reported U.S.-China trade numbers are grossly inaccurate. They are based on outdated methods of data collection and calculation that were agreed to in the aftermath of...

/ September 26, 2017

USCBC 2017 Congressional District Export Report

The US-China Business Council’s 2017 reports on state and congressional district exports are out and their findings are clear – though China’s economic growth rate is slowing, it remains an important market for US exports and continues to provide growing...

/ September 11, 2017

Shanghai Revises Minimum Wage and Social Insurance Contribution Rates

The Shanghai Municipal Bureau of Human Resources & Social Security recently released its annual minimum wage adjustments for 2017, as well as the associated changes to employee benefits. The adjustments, which came into effect on April 1, affect minimum wages,...

/ August 30, 2017

LGBTQ+ in the Chinese Workplace: Fostering an Inclusive Environment

As awareness of LGBTQ+ issues in China rises, employers are facing newfound scrutiny over their treatment of sexual minorities. Employers have the opportunity to establish safe work environments for LGBTQ+ employees, and become leaders in China’s changing social climate. Doing...

/ August 23, 2017

Officials Reverse Course on Cross-border Ecommerce

Providing a small amount of stability in a year of significant changes for cross-border ecommerce, the Chinese government recently halted a move to increase regulation — and costs — of foreign goods purchased online by consumers in China. Observers believe...

/ August 9, 2017

Hong Kong Announces Changes to Beneficial Ownership Regime

Hong Kong’s Financial Services and Treasury Bureau (FSTB) recently issued a consultation document on amending the Companies Ordinance law. If the amendment proposal is approved, companies incorporated in Hong Kong will need to identify their beneficial owners and register with...

/ July 26, 2017

USCBC hosts Comprehensive Economic Dialogue (CED) Luncheon

On July 18th, the US-China Business Council, the U.S. Chamber of Commerce, and the China General Chamber of Commerce - USA hosted a reception and luncheon in honor of His Excellency Wang Yang, vice premier of the People's Republic of...

/ July 19, 2017