China Market Intelligence

October 10th, 2007
WTO establishes dispute panel to focus on China's IPR regime

The World Trade Organization's (WTO) Dispute Settlement Body on September 25 established a dispute panel to investigate US complaints that China is taking insufficient means to protect intellectual property rights (IPR), a further step in the WTO case initiated by the United States in April. A response released by the PRC mission to the WTO reiterated that China has made reforms to protect IPR and claimed that...

October 10th, 2007

The US Department of Transportation (DOT) last week approved two nonstop flights to China that will start daily operation next year: a route from Atlanta to Shanghai operated by Delta Air Lines, Inc. and a route from San Francisco to Guangzhou, Guangdong, operated by United Airlines Corp. DOT also proposed to award four other US carriers with nonstop routes beginning in 2009.

According to DOT Secretary Mary E. Peters, following a period for public comments on the proposed routes, DOT...

September 26th, 2007

The US-China Business Council (USCBC) on Tuesday released an analysis of China's financial sector that recommends further market openings for foreign providers of banking, securities, insurance, and other financial services. USCBC has long held that financial modernization is the most important of China's unfinished economic reforms. The report states that financial sector reforms are critical not only to sustained economic growth in China, but also to addressing core issues in the bilateral...

September 26th, 2007

US-China Business Council (USCBC) President John Frisbie will testify this week in the Trade Policy Staff Committee's annual hearing on China's compliance with its World Trade Organization (WTO) commitments. The hearing, which is coordinated by the Office of the US Trade Representative (USTR), will focus not only on China's year-five WTO commitments but also on China's progress throughout its first five years as a WTO member.

Under Section 421 of the US-China Relations Act of 2000,...

September 26th, 2007

As part of an ongoing effort to influence the debate on China trade legislation, a coalition of companies and associations led by the US-China Business Council (USCBC) on Wednesday sent a letter to all 535 senators and House representatives calling for a balanced approach to any China-related legislation. The letter, organized by USCBC, the Emergency Committee for American Trade (ECAT), and the Retail Industry Leaders Association (RILA), was signed by more than 150 companies and...

September 26th, 2007

China took more steps this week to address food and product safety concerns by introducing draft drug recall procedures, a new system to track all food purchases and sales by grocers, and regulations to improve management of foreign-invested enterprises (FIEs) involved in food production.

SFDA issues drug recall supervision measures

The State Food and Drug Administration (SFDA) on September 19 issued draft Drug Recall Supervision Procedures, which will be available...

September 26th, 2007

China's securities regulator last week issued several regulations and related documents to strengthen disclosure and inspection mechanisms governing the mergers and acquisitions (M&A) and restructuring activities of domestically listed companies. Issued primarily in response to growing concerns about insider trading, stock price manipulation, and other illicit transactions such as asset stripping, the new rules could also affect the M&A and restructuring activities of foreign...

September 19th, 2007

The passage of China's Antimonopoly Law (AML) on August 30 completed a 13-year drafting process—one of China's longest—and put in place another element of a market economy framework by establishing guidelines for monopolies and anti-competitive behavior.

Context of the law

The AML drafting process involved input from US, European, and Asian antitrust agencies, overseas legal practitioners, and foreign and domestic companies. The final draft of the law, discussed in...

September 19th, 2007

The US-China Business Council (USCBC) yesterday released an overview of the development of and potential impacts on foreign companies of China's recently enacted Labor Contract Law.

Executive summary The PRC Labor Contract Law (LCL), which will take effect January 1, 2008, is one of numerous policy measures that are emerging to address the causes of rising labor disputes in China. The new LCL is the product of a lengthy internal debate within the Chinese Communist Party regarding the...
September 19th, 2007

China and the United States took steps this week, both jointly and separately, to address food and product safety, an issue important to policymakers and consumers in both countries. Though many US companies welcome these developments, they remain concerned that some proposed measures to increase administrative scrutiny may unnecessarily disrupt business operations without enhancing quality and safety.

US and China hold joint summit on product safety

The US Consumer...

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