China Market Intelligence

March 23rd, 2011
Yuanyuan Milligan and Caitlin Clark

A recent People's Bank of China (PBOC) survey shows Chinese consumers' willingness to spend is at an all-time low, putting additional pressure on the PRC government to meet its 12th Five-Year Plan (2011-15) goal of increasing domestic demand and rebalancing the economy. Though Though PRC Premier Wen Jiabao has said that controlling inflation will be a top economic priority in 2011, it remains unclear whether the government will be able to control prices...

March 23rd, 2011
Yuanyuan Milligan and Caitlin Clark

A recent People's Bank of China (PBOC) survey shows Chinese consumers' willingness to spend is at an all-time low, putting additional pressure on the PRC government to meet its 12th Five-Year Plan (2011-15) goal of increasing domestic demand and rebalancing the economy. Though Though PRC Premier Wen Jiabao has said that controlling inflation will be a top economic priority in 2011, it remains unclear whether the government will be able to control prices...

March 23rd, 2011
Kyle Sullivan

The PRC National People's Congress last week approved and issued the final version of China's 12th Five-Year Plan (FYP, 2011-15) on National Economic and Social Development, which includes economic policies and targets that will shape industry development over the next five years. The plan emphasizes restructuring China's industrial base to focus on high technology and developing new energy to strengthen environmental protection and China's competitive...

March 23rd, 2011
Ryan Ong

The PRC State Council recently extended the national campaign to combat intellectual property rights (IPR) infringement to the end of June. The extension--a key US-China Business Council (USCBC) advocacy point with PRC government officials--will provide more time for government agencies to implement campaign goals and for companies to evaluate the campaign's impact on their ability to protect IPR. In addition, the United States and China are preparing for...

March 23rd, 2011
William Turner

US and PRC government officials are preparing for a busy bilateral calendar of meetings in the next few months on key topics, including innovation, investment, and economic cooperation. US government officials will visit Beijing this and next week for the US-China Investment Forum and Joint Commission on Commerce and Trade (JCCT) preparatory sessions. These events will lead up to the Strategic and Economic Dialogue (S&ED), set to take place in early...

March 16th, 2011
Ryan Ong
The PRC National People's Congress (NPC) this week approved and issued the final 12th Five-Year Plan (FYP, 2011-15), an important document that lays out high-level direction for China's economy over the next five years and provides key guidance for companies setting business plans. The final FYP contains several differences from the draft version released for public comment in November 2010. Specific economic targets  In addition to the 7 percent average gross domestic product (GDP) growth...
March 9th, 2011
Kyle Sullivan

Qualified foreigners working in Shanghai are now able to apply for long-term and, in some cases, permanent residence permits. The Shanghai government recently altered administrative policies to simplify immigration processing procedures for foreigners living in the city and to attract overseas talent to support Shanghai's industry and economic development goals.

Cai Baodi, vice director of the Shanghai Exit-Entry...

March 9th, 2011
Matt Van Osdol

PRC Premier Wen Jiabao emphasized greater social and economic stability and quality of economic growth during the opening ceremony of the fourth session of the 11th National People's Congress (NPC), vowing to control inflation while improving citizens' overall well-being. The session began March 5 in Beijing, kicking off a series of meetings during which thousands of NPC delegates and members of the Chinese People's Political Consultative Conference (CPPCC...

March 9th, 2011
Francesca Baruffi

The US-China Joint Commission on Commerce and Trade (JCCT) industry working groups will hold working-level meetings at least twice this year--once in the spring and again in the fall--as part of last year's JCCT reforms. Working groups and government officials are in the initial stages of talks regarding this year's JCCT, including plans for upcoming briefings, roundtables, and various dialogues to isolate priorities and prepare for the fall working group...

March 9th, 2011
Ryan Ong

The US-China Business Council (USCBC) on February 23 partnered with the American National Standards Institute (ANSI) Manufacturer Member Roundtable in China for a half-day discussion on issues related to China's regime for controlling electric and electronic product pollution. The regime is known as "China RoHS" because of its parallels to an EU directive that sets restrictions on hazardous substances (RoHS, see Box). The roundtable featured speakers from...

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