The PRC National Development and Reform Commission (NDRC) recently revised an important industrial policy catalogue that will guide China's industrial development over the next five years. The 2011 Catalogue Guiding Industrial Restructuring--updated from the 2005 version an
China Market Intelligence
Companies operating in China can expect power shortages this summer as electricity providers reduce supply to offset financial losses caused by government price caps on electricity. Electricity rationing has already taken effect in nearly two dozen provinces and autonomous regions, and further control measures are expected as electricity demand peaks in the coming months.
Companies in China are increasingly concerned about the risks associated with raising product prices, as the PRC government has recently taken measures against price hikes in several areas to rein in inflation.
US exports to China performed strongly in the first quarter of 2011, reaching $26 billion--the second-highest quarterly performance for US exports to China ever, behind the fourth quarter of 2010.
Companies operating in China can expect power shortages this summer as electricity providers reduce supply to offset financial losses caused by government price caps on electricity.
Regulatory transparency in China has improved in recent years because of PRC government initiatives to increase public access to rule-making processes, but significant room for improvement remains, according to a recent US-China Business Council (USCBC) report.
The US agenda on the economic side of next week's Strategic and Economic Dialogue (S&ED), will likely prioritize commercial issues such as China's innovation and government procurement policies, intellectual property rights (IPR) enforcement, rulemaking transparency, and bilateral investment issues.
Labor costs across China continue to rise in 2011 as municipal and provincial governments increase minimum wages and companies face pressure to unionize and initiate collective bargaining.
The PRC government will provide incentives to encourage technological breakthroughs, increase Chinese companies' competitiveness in the global economy, and bolster China's strategic emerging industries, according to PRC Minister of Science and Technology (S&T) Wan Gang's recent statements on S&T development o