Category: Policy & Regulations

How to Handle 4 Anticorruption Compliance Issues

The 2012 launch of China’s anticorruption campaign has renewed US companies’ attention to anti-bribery, competition, and corruption-related policies and regulations. The challenges of compliance have continued to evolve since the US-China Business Council’s (USCBC) 2013 Compliance Best Practices Report, as...

/ May 26, 2017

China’s New Environmental Protection Tax Law

In December 2016, the National People’s Congress promulgated China’s first Environmental Protection Tax Law (the EPT Law), replacing the existing Pollutant Discharge Fees (PDF) system in a bid to strengthen the enforcement of environmental regulations. Given the EPT Law’s impact...

/ May 24, 2017

Foreign Direct Investment in an “America First” Administration

Chinese entities looking to invest in the United States or acquire US corporations should expect 2017 to be filled with greater energy and uncertainty due to a number of factors. Most notably, the policies and rhetoric of the administration of...

/ May 22, 2017

New Five-Year Plans Promote Energy Industry Reform

Facing ongoing pollution challenges and a push to diversify energy sources, China’s energy planners kicked off 2017 by announcing an array of 13th Five-Year Plans (13FYPs). Offering quantifiable short-term goals for limiting reliance on coal in favor of oil and...

China and the Developmental State Model

Is China a developmental state? China’s economic success—it is the world’s second-largest economy—did not simply happen. The state played a critical role in this rapid expansion, but many question the level to which this intervention was institutionalized. While China has...

/ May 12, 2017

China’s Industry Plans Lay Groundwork for Cybersecurity Law Implementation

Regulators are actively setting the groundwork for implementation of China’s Cybersecurity Law, releasing a series of industry development plans that seek to bolster the enforcement of this sweeping legislation.

Making Sense of China’s 2017 Economic Growth Target

During the annual Two Sessions meetings last weekend, China’s political leaders announced their economic growth targets for 2017. Given the deliberately crafted nature of the Work Report, slight changes in the way the government presents issues can signal shifts in...

/ May 3, 2017

China Launches New Two-Invoice System in Pharma Distribution

China launched a two-invoice system for drug distribution on a trial basis to improve transparency in drug prices and eliminate excessive profit margins associated with multi-tier distribution models. This is the first time Chinese regulators have officially launched the two-invoice...

/ April 28, 2017

Trade Union Law and Collective Bargaining in China

Industrial action in China entered uncharted territory last year. Labor unrest was previously confined for the most part to the manufacturing and construction sectors – the traditional linchpins of China’s growth. In 2016, however, it spread into the retail and...

/ April 21, 2017

China’s RMB Exchange Rate Issue Needs Objectivity

On February 24, hours after his new Secretary of Treasury, Steven Mnuchin, pledged a more methodical approach to analyzing China’s foreign exchange policy, US President Donald Trump publicly criticized China, labeling the Chinese as the "grand champions" of currency manipulation.

/ April 19, 2017