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 alongside price. However, true improvement for the industry will require regulators to faithfully implement the law and refrain from unofficial practices such as local favoritism, which sometimes plague procurement processes.

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 gas, these plans collectively focus on emissions cuts, renewable energy development, and improved energy industry efficiency, while encouraging technology solutions such as data centers.

China’s Economic Slowdown: Consequential, Not Catastrophic

To best understand the reasons behind China’s wild ride in the stock market during the initial stages of 2016, it is important to recognize that this instability is a significant reflection of a broader structural trend with regard to the country’s economic future.

China Using Global Investments to Develop a World of its Own

China’s substantial and ever-growing financial investment in the developing world has garnered new allies, strengthened trade relations, and increased access to oil and other natural resources among these resource-rich countries. This trend is positioning China for enormous influence over future international policy and trade.

Crossing the Strait: First Post-WWII Meeting of China-Taiwan Presidents

This past weekend, Chinese President Xi Jinping and Taiwanese President Ma Ying-jeou gathered for a meeting, followed by a dinner, at the Shangri-La Hotel in Singapore. This unexpected meeting, announced only days before President Xi’s already scheduled official visit to Singapore, was the first time leaders from each country have met since 1945—when Chiang Kai-shek…

Three’s Company: China, Japan, and South Korea Meet to Discuss Future

China, Japan, and South Korea have held trilateral meetings this week to discuss increased economic cooperation and to restore trade and security ties. Chinese Premier Li Keqiang, Japanese Prime Minister Shinzo Abe, and South Korean President Park Geun-hye released a joint statement: The three counties have agreed to resume regular trilateral meetings, once a routine…

Royal Welcome: UK Rolls Out Red Carpet for China’s Xi Jinping

In Great Britain this week, Chinese President Xi Jinping met with British Prime Minister David Cameron—the two convening to discuss major bilateral deals through which China will invest $46 billion in the UK economy. Cameron has declared that these deals will create 3,900 new jobs in the UK, though the Conservatives neglect to mention that the…