China Market Intelligence

December 12th, 2007
Background

After long discussions within the PRC government, a draft PRC Energy Law was published for comment last week by the Office of the National Energy Leading Group, an energy policy research and development arm of the National Development and Reform Committee (NDRC). The draft law, which aims to unify China's decentralized energy policy and policy implementation, is open for comment until February 1, 2008. The law's 14 chapters cover a wide range of energy policy...

December 12th, 2007

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 plan, released on November 22, pledges increased efforts to promote environmental protection, including by fighting pollution and, for the first time, emphasizes reducing greenhouse gases to combat climate change. It...

December 5th, 2007
Background

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.

Most urban Chinese consumers hold debit cards rather than credit cards. (According to the People's Bank of China, in 2006 China issued 1.08 billion debit cards tied to an...

November 21st, 2007

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. CSIP's presence in Chongqing is an indicator of continued government emphasis on developing high value-added goods and services in China's...

November 14th, 2007

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. In addition to nuclear power, renewable energy--composed of hydro, wind, biomass, geothermal, and solar energy--is set to play a much larger role in China's future energy plans. The PRC National Development...

November 14th, 2007
US, PRC agencies draft agreements on food, pharmaceutical safety

US and PRC agencies completed initial negotiations on food and feed safety and on pharmaceuticals and medical devices in Washington, DC, on November 1-2. Though both agreements must still undergo a clearing process that could slightly alter their language and content, US officials expect the main agreements to be completed and signed before the third round of the Strategic Economic Dialogue, which will be held...

November 7th, 2007

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. In addition, the PRC Ministry of Commerce (MOFCOM) last week announced higher 2008 oil import quotas for non-state-owned enterprises to meet increasing demand. Recent oil shortages and current record prices will likely affect the logistics and...

November 7th, 2007

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. The standing committee also adopted draft amendments to the Revised Lawyers Law and discussed, but did not pass, the draft Labor Dispute Arbitration Law. In a special session led by NPC Chair Wu Bangguo, the standing committee ratified an...

November 7th, 2007

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. Just days after the Foreign Investment and National Security Act of 2007 took effect, several members of Congress called for the Committee on Foreign Investment in the United States (CFIUS) to block the potential takeover of Marlborough, MA-based 3Com Corp. by Boston-based Bain Capital LLC and Shenzhen Huawei...

October 17th, 2007
US-China exchanges on environmental issues

US Environmental Protection Agency (EPA) officials in late September met with their PRC counterparts to advance cooperation and dialogue on a host of environmental issues. EPA Administrator Stephen Johnson and National Development and Reform Commission (NDRC) Vice Minister Xie Zhenhua held substantive discussions on the sidelines of the Major Economies Meeting on Energy Security and Climate Change, which took place on September 27...

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