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Chamber News

How does the devaluation of the renminbi impact global trade? [Policy Insights]

● The depreciation of the renminbi below 7 to the US dollar last week marks a significant development in the US-China trade war. ● In addition to increased production costs, companies may see a slight rise in the rate of inflation. ● Signals from Beijing indicate that after the initial drop, the renminbi is unlikely to devalue too dramatically, unless further developments in the trade war push Beijing towards a more aggressive monetary policy.
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What’s New in the 2019 Negative Lists? [Policy Insights]

Tuesday 30th July marked the implementation of China’s revised Negative and Encouraged Lists for foreign investment by the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM). These effectively act as a manual for foreign businesses in China to understand which sectors they are prohibited and restricted from investing in by the authorities, and which enjoy incentives.
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Start your day with a sketch!

Last Wednesday, the British Chamber of Commerce in China organised the 3rd Management Series event of the year - A Guide to Notetaking, a learning-by-doing workshop hosted by Martin Barnes, founder of Mountains of Imagination.    The theme of this…

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How British businesses in China should prepare for a no-deal Brexit [Policy Insights]

The UK is scheduled to exit the European Union on the 31st October 2019. With the final two Conservative Party leadership candidates, Boris Johnson and Jeremy Hunt, refusing to rule out the possibility of a no-deal Brexit, British businesses must now prepare for the potential subsequent fallout. A no-deal Brexit would mean the end of the UK’s access to the European Single Market and Customs Union, replaced by alignment with World Trade Organisation rules on cross-border trade.
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