The PRC State Council recently approved healthcare sector development guidelines for China's 11th FYP period. Priorities in the guidelines, yet to be publicized, include regulating pharmaceutical prices, establishing a universal basic healthcare system, and expanding the rural healthcare cooperative system, according to PRC press reports.
China Market Intelligence
MOFCOM recently issued a list of China's top 100 retail chains based on their 2006 sales figures. China's top 100 retailers accounted for a total of RMB 855.2 billion ($110.6 billion) in sales through 69,100 stores. Gome Group, with 820 stores, leads the way among all retailers in China with RMB 86.9 billion ($11.2 billion) in sales, up 74 percent over 2005.
The full PRC National People's Congress (NPC) concluded its annual session March 16 after adopting the Property Rights Law, which grants equal protection to public and private property, and the Enterprise Income Tax Law, which unifies the effective tax rates for foreign-invested and domestic enterprises.
The industrial alliance that supports China's homegrown standard for wireless local area networks (WLAN) recently announced that WLAN Authentication and Privacy Infrastructure (WAPI) products will enter China's electronics market in 2007.
The PRC Administrative Measures on the Control of Pollution Caused by Electronic Information Products (EIPs), also known as China's RoHS, took effect on March 1. A series of supporting regulations, which cover labeling and marking, concentration limits, and testing, accompany the measures.
The PRC Ministry of Commerce (MOFCOM) recently issued a slew of documents to promote the development of domestic brands. This is part of China's larger drive to encourage independent innovation and establish internationally competitive products.
The PRC Ministry of Information Industry (MII) last week released its 2006 report on the growth of China's information industry. The report shows that the telecom sector constitutes the largest segment of the overall industry, expanding 26.1 percent over 2005 to RMB 1.5 trillion ($188.1 billion) (see Table 1).