China Market Intelligence

December 19th, 2007

The State Council Legislative Affairs Office, Ministry of Finance (MOF), and State Administration of Taxation (SAT) jointly released the long-awaited Enterprise Income Tax Law Implementing Regulations on December 11. The implementing regulations clarify several important provisions of the Enterprise Income Tax Law (EIT Law)--which unifies the income tax rate for both foreign-invested and PRC enterprises at 25 percent--but also leave some key areas unaddressed. Both the EIT Law and the...

December 19th, 2007

The PRC State Council recently announced new annual leave regulations and the 2008 PRC holiday schedule, both of which take effect January 1, 2008.

According to the annual leave regulations, all employees in China are eligible for 5 days' leave after 1 year of service, 10 days' leave after 10 years, and 15 days' leave after 20 years. Under special circumstances, for example because of production or work needs, employees may carry over unused leave to the following year. In addition,...

December 19th, 2007

Since the US government representatives involved in the US-China Strategic Economic Dialogue (SED) have returned to Washington, DC, from Beijing, new details have emerged about what occurred during the third round of the high-level talks. As reported in last week's memo to US-China Business Council (USCBC) members, the dialogue covered topics such as food and product safety, financial services, energy and the environment, transparency, rebalancing China's growth model, and innovation.

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December 19th, 2007

Heading into the new year, China's leaders appear increasingly concerned about inflation and runaway lending. At China's 2007 Economic Work Conference, which took place December 3-5, the PRC leadership formally presented the country's official economic plan and goals for the upcoming year. The meeting focused primarily on keeping price increases limited to structural inflation (that is, inflation resulting from fiscal policy) and tightening monetary policy to keep the economy from...

December 19th, 2007

The US-China Business Council (USCBC) hosted luncheons on intellectual property rights (IPR) protection in Washington, DC, and Shanghai on December 12 and 13, respectively.

Washington

During USCBC's luncheon with Mark Cohen, IPR attache at the US Embassy in Beijing, Cohen briefed members on the US Embassy's IPR protection efforts in China. He noted that while the existing World Trade Organization cases have reduced the platforms in which IPR concerns are discussed,...

December 12th, 2007
US-China JCCT talks show incremental progress

The 18th session of the US-China Joint Commission on Commerce and Trade (JCCT) concluded in Beijing on Tuesday, with further incremental progress on various issues important to companies, but no single headline-grabbing outcome likely to capture the attention of the US media or satisfy critics of China's trade regime.

Commerce Secretary Carlos M. Gutierrez and US Trade Representative Susan C. Schwab...

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

China has recently announced several personnel changes. More personnel changes are expected in the run up to the National People's Congress annual session in March, during which a new leadership line-up for the State Council will be announced.

Recent Appointments Note: Many of these officials fill other positions as well. Name New position Former position Bo Xilai Chongqing Chinese Communist Party (CCP) secretary Minister of Commerce Guo Jinlong Vice and acting mayor of Beijing and...
December 5th, 2007

The US Department of Commerce's Office of China Economic Area is planning a series of webinars on intellectual property rights (IPR) best practices and is seeking information on successful cases from US companies. The webinars will instruct US companies on how to protect and enforce IPR in China and are aimed at industry in general and small and medium-sized enterprises in particular.

Commerce aims to collect cases that include challenges (a specific IPR protection or enforcement...

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