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.
China Market Intelligence
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.
After much anticipation and speculation, on December 5 China released a plan for comment on oil pricing and fuel tax reform.
In an effort to shore up the country's economy in the face of the global economic downturn, China has recently announced several policies aimed at boosting exports, increasing capital investment, and maintaining employment levels. These policies, which will take effect in the coming months, will reduce operating and capital investment costs for both domestic and foreign companies in China.
Following a successful conference in Beijing earlier this year, the US-China Business Council (USCBC) held its second China Operations Conference of the year in Shanghai on November 13.
One of the most significant changes to occur during China's State Council restructuring following the National People's Congress session in March was the creation of the new Ministry of Industry and Information Technology (MIIT).
Trade secrets represent a vital component of many companies' intellectual property portfolios, yet protecting trade secrets can be complicated because companies cannot formally register trade secrets to secure their protection.
US and PRC officials are in the midst of final preparations for the fifth meeting of the Strategic Economic Dialogue, to be held in Beijing, December 4-5. President George W. Bush and President Hu Jintao established the high-level dialogue in September 2006 to address long-term structural issues and mutual priorities between the United States and China.
US-China Business Council (USCBC) Chair Andrew Liveris, chairman and CEO of the Dow Chemical Co., and USCBC President John Frisbie led a delegation of 12 USCBC board members to Beijing at the end of October.