China Market Intelligence

April 30th, 2008

In an effort to tighten immigration controls before the Olympics, the PRC government is tightening enforcement of existing visa application document requirements and shortening visa durations for "F" (business) and "L" (tourist) visas.

The US-China Business Council (USCBC) has contacted the PRC Embassy in Washington, DC, and the Ministry of Foreign Affairs (MOFA) in Beijing. MOFA indicated that there has not been a change in visa regulations, only a more consistent application of...

April 30th, 2008

The PRC Ministry of Commerce (MOFCOM), along with other central-government agencies and the governors of six inland provinces, last weekend convened the Third Central China Investment and Trade Expo in Wuhan, Hubei. To attract more foreign investment, the six provinces--Anhui, Henan, Hubei, Hunan, Jiangxi, and Shanxi--have been positioning themselves as marketplaces and bases for industry and services with improved infrastructure, cost advantages over coastal China, and central government...

April 23rd, 2008

US-China Business Council (USCBC) sources indicate that the State Council has approved long-awaited regulations that clarify eligibility and approval criteria for High- and New-Tech Enterprise (HNTE) status, which gives enterprises a preferential 15 percent income tax rate under the Enterprise Income Tax (EIT) Law. The new regulations will specify the requirements, procedures, and product categories for HNTE status. More detailed assessment guidelines on some aspects of case-by-case HNTE...

April 23rd, 2008

US-China Business Council (USCBC) President John Frisbie visited Beijing and Shanghai last week for meetings with PRC government officials, member companies, and local and Western media. Frisbie advocated member companies' positions with key officials, heard from executives about their top concerns regarding the operating environment in China, and, through media interviews, articulated USCBC views on the commercial relationship directly to a broader audience in China.

Government meetings...
April 23rd, 2008

Bad weather in February and slumping demand for Chinese exports contributed to a slight slowdown in China's gross domestic product (GDP) growth in the first quarter to 10.6 percent, down from 11.7 percent over the same period in 2007. Analysts are generally confident that China will be able to bring growth in slightly below last year's rate of nearly 12 percent, though some wonder whether the government will maintain its "tight" monetary policy position in the face of complaints from...

April 23rd, 2008

New records were set last year for the number of patent and trademark applications in China, reflecting PRC firms' growing interest in intellectual property (IP) rights protection and foreign firms' enhanced interest in filing and protecting their IP rights in China (see Table). The first two months of 2008 showed no slowdown from last year's record-setting pace, with the number of patent applications rising 23.8 percent over the same period last year. As a result of the application surge,...

April 16th, 2008

The draft Measures on Urban Commercial Networks, released for public comment on April 2, lay out criteria and procedures for the approval of commercial sites and grant primary approval authority to municipal commercial authorities. Though the draft regulations would apply to operators of all commercial sites, some foreign companies have expressed concern that the measures will mainly be implemented in a manner that slows new foreign retail entrants into Chinese cities and limits competition...

April 16th, 2008

Representatives from several PRC government financial agencies traveled to Washington, DC, last week to discuss financial regulatory issues with counterparts in the US government. PRC Vice Minister of Finance Li Yong, who holds the international portfolio, led the PRC delegates in talks with the US Department of the Treasury and other US financial regulators and was the lead delegate for the US-China Joint Economic Commission (JEC). The rest of the PRC delegation included representatives...

April 16th, 2008

At a conference held in late March in Xiamen, Fujian, PRC State Administration of Taxation (SAT) Chief Economist Dong Shukui discussed improving the management of China's import and export tax system, restrictions on resource-intensive and highly polluting exports, and preferential tax treatment for environmentally friendly imports. Though his speech largely focused on improving tax collection management, Dong also touched on the successes of export rebate restriction policies that were...

April 16th, 2008

China last week announced new State Council deputy secretary generals, a vice minister of Finance, three vice ministers of Commerce, and a new deputy director of the Office of Hong Kong and Macao Affairs.

Sources: PRC State Council; Xinhua News Agency Position/Department Name Former position Deputy secretary generals, State Council You Quan (will oversee daily work of State Council) Deputy secretary general, State Council   Wang Yong Vice chair, State Assets Supervision and...

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