Amid China’s economic slowdown, foreign companies doing business in China continue to struggle with issues related to China’s preferential treatment of domestic firms, like foreign investment restrictions, uneven law enforcement and implementation, and lack of transparency. This hearing will seek to assess the most recent and pressing challenges facing foreign firms operating in China, with a spotlight on China’s Anti-Monopoly Law enforcement, and the potential for China’s planned reforms to create a more transparent, cooperative, and fair environment for foreign investors.
As the United States weighs options for responding to the widely publicized cyber attack on Sony Pictures Entertainment in November 2014, for which it has attributed responsibility to North Korea, the perspectives and potential reactions of China are of particular interest. This report analyzes four questions regarding China's position: whether it was involved in the attack, prospects for cooperation with the U.S. response, likely reactions to a U.S. counterstrike in cyberspace, and potential for future deterrence based on U.S. actions.
Highlights of this month’s edition:
•Bilateral trade: November trade deficit with China increases 10.7 percent year-on-year; 2014 deficit on track for another record; U.S. exports to China contract for third consecutive month.
•Bilateral policy issues: Vice-PM Wang Yang makes conciliatory remarks at JCCT; JCCT renders important outcomes on export controls, medical products, biotech, antitrust; China tables new GPA offer, again piecemeal; China complies early with WTO rare earths ruling.
•Policy trends in China’s economy: Internet company TenCent launches China’s first fully online private bank with Premier Li’s blessing.
•Sector spotlight: China approves MIR 162 GMO corn trait, paving way for more U.S. corn shipments; asynchronous biotech approvals and other agricultural market barriers remain.
On November 29, 2014, Taiwan held a series of local elections for 11,130 positions, including mayors, county magistrates, city and county councilors, township chiefs, and village and borough chiefs. This staff report provides an overview of the election results and assesses their implications for cross-Strait relations from now until Taiwan’s presidential election in 2016.
The U.S.-China Economic and Security Review Commission was created by the United States Congress in October 2000 with the legislative mandate to monitor, investigate, and submit to Congress an annual report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China, and to provide recommendations, where appropriate, to Congress for legislative and administrative action.