The second round of the Strategic Economic Dialogue (SED) concluded today in Washington, DC. The high-level talks headed by US Secretary of the Treasury Henry Paulson and PRC Vice Premier Wu Yi have sought to address major issues regarding the growing trade relations, and tensions, between the two countries.
China Market Intelligence
The PRC National Development and Reform Commission (NDRC) last week released a blueprint for developing China's high-tech sector through 2010. Its broad policy objectives include intensifying efforts to develop "independent innovations," forming domestic technology conglomerates, seeking new markets for China's high-tech products, and cultivating competitive high-tech brands.
The PRC Ministry of Information Industry (MII) announced last week its decision to add wideband code division multiple access (WCDMA) and CDMA2000 as industry standards for third-generation (3G) mobile telecommunications in China. MII made a similar statement in January 2006 when it endorsed time division-synchronous CDMA (TD-SCDMA) as a 3G standard.
Final preparations for the second round of the Strategic Economic Dialogue (SED II) are in full swing, with Washington, DC, preparing for perhaps the largest senior PRC delegation to ever visit the United States.
The National People's Congress (NPC) received more than 11,000 sets of comments on the draft PRC Employment Promotion Law during its comment submission period, which closed on April 25. According to the NPC, 70 percent of the submissions were made by citizens as opposed to organizations and institutions.
In conjunction with the government's efforts to boost China's scientific and technological capabilities and to encourage "independent innovations," 16 ministries and agencies recently publicized a notice that lays out the various incentives the government will develop to attract talented Chinese who have studied abroad--including not only PRC nationals but also Chinese who have obtained foreign
In recent weeks, US government and media have reported that wheat gluten imported from China and used to manufacture certain pet food products contained melamine, a chemical used in plastics and fertilizers. Melamine can be used to make feeds appear to contain higher protein content and is banned from food products in the United States.
The PRC Ministry of Railways (MOR) in mid-April implemented the Sixth National Acceleration of Train Services, raising maximum national passenger train speeds to 200-250 km per hour and maximum freight train speeds to 120 km per hour. These represent increases of 18 percent and 12 percent, respectively, from last year and are part of MOR's broader efforts to upgrade China's railways.
The PRC State Council in late April released long-awaited regulations on government information disclosure that may boost government transparency and accountability. As with all PRC laws and regulations, however, the effect of these regulations will depend on how individual agencies at the national and local level interpret and implement them.