Our policy priorities — Building Trust through Transparency, Promoting Development through Open Investment and Stimulating Innovation through Global Cooperation–reflect the opinions of the Chamber’s 3,300 members (half of whom are Chinese nationals) from 900-member companies headquartered not just in the US, but also Europe, Australia and other parts of Asia. They are drawn from multiple discussions among AmCham China members and supported by analysis of the annual Business Climate Survey and the American Business in China White Paper.
The American Chamber of Commerce in China
2020 Policy Priorities
In 2019 AmCham China’s Policy Priorities acknowledged that the US-China bilateral relationship had reached an inflection point. Events in 2019 only served to reinforce this sentiment and further suggest that the bilateral relationship is undergoing a fundamental recalibration.
Foreign-invested enterprises (FIEs) in China continue to face a challenging and uncertain policy environment, and events in 2019 only deepened the uncertainty. The simmering trade dispute between the US and China intensified, with both sides imposing tariffs on billions of dollars of the other country’s goods and services. These tariffs directly harm businesses, consumers, and both the US and Chinese economies. New regulations came into effect in the US designed to modernize regulatory oversight over foreign investment on the basis of national security considerations. The US added multiple Chinese companies to its Entity List, including Huawei, the world’s largest maker of telecommunications equipment. US companies are banned from doing business with companies on the Entity List. In May 2019, China announced the creation of its own “Unreliable Entity List,” the details of which have yet to be announced but which only served to deepen the uncertainty.
As a focus of our advocacy efforts, these priorities will guide our conversations with the Chinese government, US government, media, academics and other stakeholders throughout the year. We acknowledge that the challenges are significant and may not be resolved within the short-term. We hope, however, that we will see meaningful progress during the coming months building on the Phase One Deal and non-withstanding the disruption caused by COVID-19, and that such progress will form a solid basis for longer-term engagement and dialogue.
As such, we hope that our 2020 Policy Priorities will serve as a foundation for longer-term engagement and dialogue, and that our recommended actions, based on these priorities, will foster greater trust and mutual understanding. Further recommendations and examples are included in the full Policy Priorities document linked below.
Our three Policy Priorities for 2020 are as follows:
Priority One: Rebuilding Trust through Concrete Actions Leading to Greater Transparency and Evenhandedness of Regulatory Processes
Commitments to meaningful reform include clear benchmarks, timelines and intensive monitoring to ensure lasting changes to China’s legal and regulatory architectures and impartial implementation of laws and regulations. Similarly, coordinated and consistent policy development, implementation, and enforcement between Chinese government ministries must be prioritized.
Priority Two: Promoting Development through Policies of National Treatment and Competitive Neutrality
Foreign investors be provided treatment no less favorable than the best treatment offered to any domestic Chinese company, whether private, state-owned or state-controlled.
Priority Three: Stimulating Innovation through Global Cooperation and Intellectual Property Protection
The Internet be promoted as a platform for global interaction and restrictions on cross-border data flows such as those provided in the Cybersecurity Law be limited to encourage international collaboration and innovation.
Download the 2019 Policy + Brochure
2020 White Paper Summary & Policy Priorities Matrix
To distill AmCham China’s key messages and policy priorities, the 2020 White Paper Summary document maps our key recommendations by industry to AmCham China’s 2020 overarching Policy Priorities and at the same time reinforces the substance of the Policy Priorities with concrete examples of the kinds of challenges facing the American business community in China.