China Market Intelligence

July 27th, 2011
Nancy Huang

US companies investing in China's wind energy sector can benefit from understanding PRC government agencies and the relationships involved in the renewable energy sector. Companies should be aware of individual agency policies, plans, and activities to take advantage of government initiatives when formulating and implementing investment strategies in China. By the end of 2010, China surpassed the United States as the world's largest wind energy market with...

July 27th, 2011
Kyle Sullivan and Joie Ma

Companies have a new resource to understand the guiding principles and targets that will shape China's science, technology, and industrial development over the next five years. Consistent with the priorities spelled out in China's 12th Five-Year Plan (FYP, 2011-15) on National Economic and Social Development and other state plans, the 12th FYP on Science and Technology (S&T) Development, issued by the PRC Ministry of Science and Technology (MOST) on...

July 27th, 2011
William Turner

US companies that export to China could benefit from an Obama administration initiative to revise export control rules on militarily sensitive items. As part of US President Barack Obama's broader export controls reform initiative to enhance national security while increasing US export opportunities, the US Department of Commerce on July 15 issued draft revisions to the Export Administration Regulations. The notice details the process by which the US...

July 27th, 2011
Christina Nelson

China's gross domestic product (GDP) growth in the first half of 2011 slowed slightly compared to the same period last year. According to the PRC National Bureau of Statistics (NBS), China's GDP grew by 9.5 percent in the first six months of 2011, while the consumer price index (CPI) continued to rise faster than PRC government inflation targets. According to the Wall Street Journal, economists expect the gradual economic slowdown to continue in the second...

July 13th, 2011
Song Qian

The PRC government officially launched a new website on July 11 to promote the results of its recent nine-month campaign against intellectual property rights (IPR) infringement and counterfeiting. The website highlights the PRC government's efforts to crack down on counterfeiting, promote the concept of IPR, and meet recent commitments on software legalization. Though official statistics and statements suggest the campaign was successful, many foreign...

July 13th, 2011
Julie Walton

Requesting that foreign employee participation in certain aspects of China's social insurance system be optional, rather than compulsory, was a primary focus of the US-China Business Council's (USCBC) comments on China's draft Provisional Measures on Foreign Workers Participating in Social Insurance. After soliciting feedback from member companies, USCBC submitted comments to the PRC Ministry of Human Resources and Social Security (MOHRSS) on July 7.

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July 13th, 2011
Xiuxiu Zhao and Christine Kahler

China's market economic reforms have slowed in recent years as the PRC government has intervened more often in the microeconomy and acquired more power to allocate resources, according to State Council Development Research Center Economist Wu Jinglian. Speaking at the opening ceremony of the International Economic Association's 16th World Congress, Wu argued that government control over resource allocation is increasing corruption and income disparities....

July 13th, 2011
Hu Xiaolu, Cindy Xu, and Christina Nelson

Recent revisions to China's individual income tax law will reduce taxes for mid- to low-income earners and consolidate China's nine income tax brackets to seven.With inflation at a three-year high in June, the revisions also aim to make up for the rising cost of living, put more money in the hands of the country's poor, and boost domestic consumption.

The National People's Congress (NPC) Standing Committee raised...