China Market Intelligence
The PRC National Development and Reform Commission (NDRC) and State Environmental Protection Administration (SEPA) recently released the long-delayed 11th Five-Year Plan (FYP, 2006-10) for Environmental Protection and announced new funding for environmental protection.
The online payments system in China has grown rapidly over the past five years. According to iResearch Consulting Group, China's online sales may reach RMB 51 billion ($6.9 billion) in 2007, up from RMB 31.2 billion ($4.2 billion) in 2006 and RMB 18.6 billion ($2.5 billion) in 2005.
The PRC Ministry of Information Industry's (MII) Center for Software and Integrated Circuit Promotion (CSIP) plans to open a branch in Chongqing. The plan follows moves recently made by PRC and foreign businesses to expand their information technology (IT) and outsourcing operations beyond traditional high-tech centers in Shanghai, Shenzhen, and Beijing.
Long sensitive to the potential economic and security concerns caused by limited supplies and volatile prices in the global fossil fuel market, and increasingly concerned about the pollution of coal-driven electricity generation at home, China is moving to diversify its energy sources.
The 30th session of the 10th National People's Congress (NPC) Standing Committee concluded on October 28 with the adoption of several significant amendments to environmental and civil procedure laws and the passage of the new Urban and Rural Planning Law.
Legislation that took effect last month and a controversial acquisition of a US network technology company are once again raising the profile of PRC investment in the United States.
Despite a September pledge to freeze gasoline prices to curb inflation, on October 31 the PRC National Development and Reform Commission (NDRC) issued the Notice on the Adjustment of Refined Oil Prices, which raised oil prices by about 10 percent.