Following recent personnel changes, China's cabinet, implemented another round of bureaucratic reshuffling. More personnel changes at the ministerial level are expected in the near future.
China Market Intelligence
The US-China Business Council (USCBC) recently released a compilation of outcomes from the three rounds of the Strategic Economic Dialogue (SED) and a series of population maps that compare China's urban population patterns to those of the United States.
Patent applications and approvals in China reached new highs in 2007, which may indicate an increasing public awareness of intellectual property (IP) rights--long a contentious issue in the US-China trade relationship.
The PRC State Council in late December 2007 released China's 2008 Tariff Implementation Measures and adjusted the average tariff level, both of which took effect January 1, 2008.
The China Securities Regulatory Commission (CSRC) at the end of 2007 released the revised Rules on Foreign Investment in Securities Companies and Provisional Measures for Establishing Securities Company Subsidiaries. Both regulations, which took effect January 1, aim to align current procedures and requirements in the securities industry with new laws.
The PRC State Council recently appointed some new faces to key government and Chinese Communist Party (CCP) positions. More appointments are expected to emerge in the next few months leading up to the National People's Congress meeting in March. CMI will report on key personnel changes as details emerge.
At a US-China Business Council (USCBC) luncheon last month, Nikos Zaimis, counselor and head of the trade section of the European Commission's Washington, DC, office, highlighted some of the key issues in the EU-China commercial relationship, many of which dovetail with US concerns.
The 31st meeting of the 10th National People's Congress Standing Committee, which closed on December 29, 2007, passed