China Market Intelligence

December 23rd, 2008

China will issue its first third-generation (3G) mobile telecom technology licenses by early 2009, according to Li Yizhong, minister of Industry and Information Technology. Speaking at a news conference on December 12, Li stated that China will issue three licenses: China Unicom will receive the license for W-CDMA, the European-developed standard; China Telecom will receive the license for CDMA 2000, the US-developed standard; and China Mobile, the current market share leader in China with...

December 23rd, 2008

The PRC State Council recently released China's 2009 holiday schedule. Because National Day falls on October 1 and Moon Festival falls on October 3 in 2009, the two holidays have been combined into one eight-day public holiday. According to Shanghai Daily, this is China's first eight-day holiday since the founding of the PRC in 1949.

2009 PRC Holidays Note: The legal PRC holidays for 2009 are January 1, January 25-27, April 4, May 1, May 28, and...
December 23rd, 2008

Throughout the year, China has been abuzz with discussions on the Scientific Outlook on Development. The term refers to Chinese Communist Party (CCP) General Secretary Hu Jintao's political theory behind a more egalitarian growth model, compared to the coastal-led growth model under Jiang Zemin, which featured widening urban-rural development and income disparities. Hu's theory has been the subject of mandatory study sessions throughout China, and all major government websites contain...

December 23rd, 2008
Central Economic Work Conference

China's 2008 Central Economic Work Conference, in which PRC leaders deliberate on future economic policies, was held in Beijing on December 8-10. The conference focused on short-term growth prospects and economic restructuring but revealed no major policy surprises. The Standing Committee of the Chinese Communist Party's Central Committee and top government leaders in attendance put forth only general...

December 23rd, 2008

US government officials recently updated US-China Business Council (USCBC) staff on details of the investment forum that US and PRC government officials held in Beijing on December 3. The interagency forum provides an opportunity for US and PRC officials to discuss how investment policies are made and reviews are conducted in each country.

Assistant Secretary of State Dan Sullivan led the US delegation, which...

December 23rd, 2008

The State Council announced several mid-level personnel appointments this month, including the appointment of new vice ministers of Commerce, Education, and Culture and appointments at comparable levels in the General Administration of Customs and State Council Research Office.

New vice minister of Commerce

Zhong Shan will succeed Yu Guangzhou as one of eight vice ministers of Commerce. Though...

December 10th, 2008

After falling steadily over the past six years, unemployment is on the rise again in China. China's top leadership indicated during meetings in late October with the US-China Business Council board of directors that unemployment is a significant concern. Central and local-level government officials have begun taking steps to prevent social instability, and stabilizing unemployment has become a top priority. Meanwhile, changing market conditions have caused companies to re-examine their China...

December 10th, 2008

After much anticipation and speculation, on December 5 China released a plan for comment on oil pricing and fuel tax reform. Released by the National Development and Reform Commission (NDRC), Ministry of Finance, Ministry of Transportation, and State Administration of Taxation, in accordance with a recent State Council Standing Committee decision, the plan will take effect January 1, 2009. Though the plan is not labeled a "draft," the four ministries are soliciting comments, which are due by...

December 10th, 2008

While food safety concerns dominate food-related headlines in China, PRC policymakers continue to focus attention on a separate, equally important agricultural issue: food supply. On November 13, the National Development and Reform Commission (NDRC) released the National Framework for Medium-to-Long-Term Food Security (2008-20), which mandates boosting domestic grain production by 50 billion kg by 2020. Though the plan lays out general goals for the next 12 years, including improved water...

December 10th, 2008

As the economic crisis has accelerated in the United States and Europe over the past two months, the PRC government has become increasingly concerned about the impact of the crisis on China's economy. PRC leaders highlighted in meetings with the US-China Business Council's (USCBC) board of directors in late October that employment--and maintaining economic growth to support it--is a top priority for China. Since then, economic growth forecasts for 2009...

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