With the 2008 summer Olympics just around the corner, the window for securing venue tickets, accommodations, visas, and flights is quickly closing.
China Market Intelligence
For the first time since 1986, the US International Trade Commission (ITC) reached an affirmative final determination in a countervailing duty (CVD) investigation against Chinese imports. On June 20, ITC determined that US industry has been materially injured by certain imports of circular welded carbon-quality steel pipe from China.
During the third meeting of the 11th National People's Congress (NPC) Standing Committee, held June 24-26 in Beijing and hosted by NPC Chair Wu Bangguo, committee members voiced strong support for the Sichuan earthquake relief and reconstruction work report, which allots RMB 70 billion ($10.2 billion) for 2008 reconstruction efforts.
In the run-up to the Beijing Olympic Games in August, local PRC government agencies have released more regulations that restrict the transport of goods in and around Olympic-venue cities.
Controlling inflation remains among the highest economic priorities for the PRC government, which is taking steps to ensure that inflation remains near the annual target level of 4.8 percent for 2008 and does not endanger the economy as a whole. Inflation is also tied to social stability; historians have noted that periods of high inflation are often accompanied by political stress.
The PRC State Council on June 5 released its long-awaited National Intellectual Property Rights (IPR) Strategy, which aims to guide China's IPR policies for the next five years.
Since the PRC Enterprise Income Tax (EIT) Law took effect in January, unanswered questions surrounding the criteria and application process for High- and New-Tech Enterprise (HNTE) status remain a primary concern for many foreign-invested enterprises (FIEs) in Ch
The US-China Business Council (USCBC) hosted a labor law workshop in Beijing on June 13 to discuss the PRC Labor Contract Law (LCL) and its recently released draft implementing regulations. The State Council Legislative Affairs Office issued the draft LCL implementing regulations for comment in May.
The fourth session of the US-China Strategic Economic Dialogue (SED) concluded today with the two sides launching investment negotiations and announcing cooperation on energy and environment initiatives. US Treasury Secretary Henry Paulson and PRC Vice Premier Wang Qishan announced the developments at a press conference that was taking place as CMI went to press.