At the close of its October 9-12 meeting, the Chinese Communist Party (CCP) Central Committee issued a statement affirming that China will maintain its rapid growth and economic stability in spite of the recent global financial turmoil.
China Market Intelligence
The Chinese Communist Party (CCP) Central Committee meeting drew to a close on Sunday amid continued uncertainty in China's capital markets. China's policymakers are now taking steps to respond to the global financial crisis and continuing incremental financial sector adjustments.
The State Intellectual Property Office (SIPO) on October 8 announced several internal changes, including the creation of a new Protection Coordination Department.
News reports indicate that a World Trade Organization (WTO) dispute settlement panel has issued a preliminary ruling on the US case on China's enforcement of intellectual property rights (IPR). The determination reportedly provides the United States with a mixed outcome.
Following a string of serious workplace safety incidents that have resulted in hundreds of deaths across China, PRC leaders have called for renewed vigor in enforcing safety regulations. Despite improvements in some areas, regulators still struggle to establish effective preventive enforcement at the local level in key industries, such as coal and chemicals.
The PRC State Council on September 18 issued the final version of the long-awaited Labor Contract Law (LCL) Implementing Regulations. A draft of these regulations that was released for public comment in May stimulated contentious debates in media and policy circles.
The US-China Business Council (USCBC) had opportunities large and small to engage with PRC Premier Wen Jiabao during his three-day visit to New York City last week to participate in the United Nations General Assembly.
China's State Council announced the appointments and removals of several high-level officials in the last two months. Amid the contaminated milk scare, it announced new leaders of the Administration of Quality Supervision, Inspection, and Quarantine, China's product quality watchdog.
US-China Business Council (USCBC) President John Frisbie on October 2 will provide the lead testimony at the US Trade Policy Staff Committee's hearing on China's compliance with its World Trade Organization (WTO) commitments.
Since China's Antimonopoly Law (AML) took effect August 1, it has generated substantial public interest, as well as some important initial tests. Two of the most recent AML-related developments are the dismissal of China's first AML case and the National Development and Reform Commission's (NDRC) completion of new regulations against monopoly pricing.