As our Washington-based membership knows, USCBC has been coordinating a coalition of associations and companies on legislative issues before Congress. Two weeks ago, the group rolled out its plans for the fall to almost 100 attendees from companies and associations.
China Market Intelligence
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.
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.
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.
The National People's Congress Standing Committee on August 30 passed the Employment Promotion Law, which will take effect January 1, 2008. The law largely focuses on the responsibilities of local governments to promote employment, but major provisions also deal with discrimination.
The PRC Ministry of Commerce hosted the China International Fair for Investment and Trade (CIFIT) in Xiamen, Fujian, from September 8 to 11.
The PRC General Administration of Customs recently issued measures that govern the management and functions of several PRC special bonded zones—areas that are physically within PRC territory but are considered to be outside of PRC Customs jurisdiction and thus operate under different guidelines.
The US and PRC presidents last week met in private before taking part in a two-day Asia-Pacific Economic Cooperation (APEC) summit in Sydney, Australia. Characterizing his conversation with President Hu Jintao as "constructive and cordial," President George W. Bush appeared satisfied with the state of US-China relations, according to both foreign and PRC media.
The Standing Committee of the twenty-ninth National People's Congress (NPC) met in Beijing from August 24 to 30 and passed several laws, including the long-awaited Antimonopoly Law, and read the Draft Labor Dispute Resolution Law for the first time.
In the lead up to the seventeenth Chinese Communist Party (CCP) Congress, which convenes on October 15 in Beijing, the State Council last week replaced Jin Renqing with Xie Xuren as minister of Finance.