Category: Top Story

USCBC Gala 2017

USCBC Gala 2017 was held on Wednesday, December 6 at the Omni Shoreham Washington. More than 460 leaders from the business, government, diplomatic, and think tank communities were in attendance. China’s top envoy to Washington, DC, His Excellency Cui Tiankai,...

/ December 8, 2017

Shanghai CHOPS Conference 2017

On behalf of all of us at the US-China Business Council, we would like to thank our member companies for their generous support of USCBC’s Shanghai CHOPS Conference 2017, held on November 30th at the Shanghai Hilton. The Shanghai China...

/ December 7, 2017

IT Solutions: Improving Efficiency, Accuracy and Transparency in Payroll Processing in China

The digitization of business functions is not a new phenomenon, particularly in developed economies. However, the adoption of technology for HR and payroll processes in developing countries such as China is far less common. Arguably, it is in these countries...

/ November 29, 2017

Healthcare Series Part 2: New Bidding and Tendering Law Promising for Healthcare Companies, If Implemented

Chinese regulations on tendering and bidding practices published by the Ministry of Finance (MOF) in July are a promising sign for US pharmaceutical and medical device manufacturers that government procurement behavior will be better regulated to guarantee consideration of quality...

/ November 22, 2017

How to Protect Your Business from Trademark Squatters in China

Trademark squatting is a form of intellectual property rights (IPR) infringement that is especially rampant in China. US firms are typically more vulnerable to trademark squatting in China because unlike the US, China follows the ‘first to file’ system rather...

/ November 17, 2017

Is China Really Opening Its Doors to Foreign Investment?

On January 17, 2017, the State Council issued a circular on a new foreign direct investment policy to open up China’s economic system. At first glance, it would appear that this policy is a reaction to the slowdown in China’s...

/ November 8, 2017

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...

Individual Income Tax for Expats in China

China’s Individual Income Tax (IIT) Law stipulates that all individuals working and deriving income from within the territory of China are subject to IIT. While Chinese nationals are taxed on all income sourced both domestically and overseas, non-Chinese nationals are...

Why the Rise of Robots Will Hit Developing Countries Hardest

In spite of the anti-globalization rhetoric offshoring isn’t the main culprit for the decline of manufacturing jobs. A 2015 Ball State analysis found that 87 percent of American manufacturing job losses over the preceding decade could be attributed to automation...

/ October 11, 2017