China Market Intelligence
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.
China took more steps this week to address food and product safety concerns by introducing draft drug recall procedures, a new system to track all food purchases and sales by grocers, and regulations to improve management of foreign-invested enterprises (FIEs) involved in food production.
The passage of China's Antimonopoly Law (AML) on August 30 completed a 13-year drafting process—one of China's longest—and put in place another element of a market economy framework by establishing guidelines for monopolies and anti-competitive behavior.
The Financial Action Task Force (FATF), a Paris-based intergovernmental body focused on combating money laundering, on June 28 voted to elevate China from observer to member status, a move that followed the recent release of PRC regulations to prevent money laundering (see below).
A first draft of the PRC Personal Information Protection Act, China's first effort to formulate a comprehensive personal information law, is ready for review by the National People's Congress (NPC), according to recent news reports. Chinese experts believe it may take several years, however, to complete the final draft.
The Standing Committee of the NPC in late June read the draft PRC Antimonopoly and Employment Promotion laws for a second time during its 28th session, though the drafts were not publicly released. Draft laws usually require three readings before their final passage.
The Standing Committee of the PRC National People's Congress will review a revised Lawyers Law this year. According to a draft released to the All-China Lawyers Association, the revised law is expected to clarify lawyers' rights and qualifications and provide more detailed rules on the operations of law firms.
The PRC Supreme People's Court and the Supreme People's Procuratorate jointly issued a new judicial interpretation of China's IPR laws, which took effect on April 5. The new interpretation replaces parts of the December 2004 IPR judicial interpretation.