The US-China Business Council (USCBC) hosted luncheons on intellectual property rights (IPR) protection in Washington, DC, and Shanghai on December 12 and 13, respectively.
China Market Intelligence
The 18th session of the US-China Joint Commission on Commerce and Trade (JCCT) concluded in Beijing on Tuesday, with further incremental progress on various issues important to companies, but no single headline-grabbing outcome likely to capture the attention of the US media or satisfy critics of China's trade regime.
The PRC National Development and Reform Commission (NDRC) and State Environmental Protection Administration (SEPA) recently released the long-delayed 11th Five-Year Plan (FYP, 2006-10) for Environmental Protection and announced new funding for environmental protection.
With less than a month before the PRC Enterprise Income Tax Law takes effect on January 1, 2008, the PRC State Administration of Taxation (SAT) has yet to release the law's crucial explanatory implementing regulations, leaving companies' financial planning for 2008 riddled with uncertainties.
The online payments system in China has grown rapidly over the past five years. According to iResearch Consulting Group, China's online sales may reach RMB 51 billion ($6.9 billion) in 2007, up from RMB 31.2 billion ($4.2 billion) in 2006 and RMB 18.6 billion ($2.5 billion) in 2005.
China has recently announced several personnel changes. More personnel changes are expected in the run up to the National People's Congress annual session in March, during which a new leadership line-up for the State Council will be announced.
The US Department of Commerce's Office of China Economic Area is planning a series of webinars on intellectual property rights (IPR) best practices and is seeking information on successful cases from US companies. The webinars will instruct US companies on how to protect and enforce IPR in China and are aimed at industry in general and small and medium-sized enterprises in particular.
The US-China Business Council (USCBC) is continuing its advocacy work with the PRC and US governments in the run up to the Joint Commission on Commerce and Trade (JCCT) and US-China Strategic Economic Dialogue (SED) meetings in Beijing in December, while also providing membership with access to key officials in both countries.
US-China Business Council (USCBC) Vice President of China Operations Bob Poole recently met with officials responsible for services industries in the PRC National Development and Reform Commission's (NDRC) Industrial Policies Department in Beijing to advocate services sector policies on behalf of member companies.