In recent weeks, provincial and local governments across China have taken concrete steps to implement key PRC government commitments to break links between indigenous innovation and government procurement at all levels of government. These moves are in keeping with a November 2011 State Council notice requiring governments at all levels to stop implementation of measures linking innovation and government procurement, and represent important progress
on indigenous innovation policy....
China Market Intelligence
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January 25th, 2012
January 11th, 2012
PRC government officials addressed some foreign company concerns about their ability to expand their investments in China. Last month, the Ministry of Commerce (MOFCOM) and State Administration of Foreign Exchange (SAFE) released a new notice that regulates foreign-invested holding companies and foreign exchange. The notice, released December 8, 2011, restricts foreign-invested holding companies from reinvesting funds gained from domestic loans and effectively overrides a previous internal...
January 11th, 2012
Companies in China faced a year-end scramble to enroll their foreign employees in China’s social insurance scheme before January 1, 2012, after the Ministry of Human Resources and Social Security (MOHRSS) released a notice to pressure local authorities to impose fines on companies whose foreign employees were not registered by the end of 2011. The notice’s public release in mid-December gave companies only two weeks to comply. The widespread lack of local implementing rules from local human...