The National People's Congress (NPC) and State Council both announced initiatives earlier this year to increase transparency and public participation in the formulation of legislation and administrative measures. Since late summer, USCBC has been tracking the NPC's and State Council's compliance with their commitments in this area.
China Market Intelligence
The National People's Congress (NPC) Standing Committee last week passed the Circular Economy Promotion Law, which aims to boost recycling and energy conservation efforts.
The fourth round of the Strategic Economic Dialogue (SED) yielded potentially significant advances in providing foreign companies with more regular and broader opportunities to weigh in on and shape prospective regulations that would affect their businesses. In the joint SED fact sheet, China agreed to three transparency-related points advocated by the US-China Business Council (USCBC):
The PRC Ministry of Industry and Information (MII) recently released statistics that show strong growth in China's information technology (IT) equipment and electronic components sector.
In line with the State Council's Regulations on the Disclosure of Government Information, which took effect May 1, several PRC government agencies have begun to announce new policies for making more information on laws and regulations publicly available.