China Market Intelligence

June 20th, 2007

The PRC Ministry of Finance (MOF) and State Administration of Taxation yesterday announced that export tax rebates for 2,831 products--roughly 37 percent of all export product types--will be adjusted beginning July 1. The rebates for 553 products that are deemed "resource- and energy-intensive and highly polluting," which include fertilizers, leather, and cement, will be eliminated entirely. The rebates for 2,268 products that "easily cause trade frictions," which include toys, apparel,...

June 20th, 2007

The Bureau of Industry and Security (BIS) of the US Department of Commerce (DOC) unveiled its new dual-use export licensing policy for certain high-tech exports to China last Friday. The new rule, which took effect Tuesday, creates a validated end-user (VEU) program that removes individual license requirements for certain authorized Chinese customers. The new rule also contains a list of 31 items that may have a military end-use and that are subject to new licensing requirements.

BIS...

June 20th, 2007

The PRC National Development and Reform Commission (NDRC) and the ministries of Water Resources and Construction recently publicized China's 11th Five-Year Plan (FYP, 2006-10) on Water Resources Management. Released as China experienced several water-related crises, notably the contamination of Tai Lake by algae deposits and severe floods in southern China, the plan addresses all aspects of water resources management, including the supply of potable water, the prevention and treatment of...

June 20th, 2007

MOFCOM and the PRC State Administration of Foreign Exchange recently issued a notice that calls upon local authorities to monitor foreign investment in the real estate sector more strictly. The Notice on Further Strengthening and Standardizing the Approval and Supervision of Foreign Direct Investment in the Real Estate Sector follows a July 2006 opinion by six PRC government agencies that also sought to tighten the activities of foreign investors in the property market.

Over the past...

June 13th, 2007

The leaders of the US Senate Finance Committee, along with two senators who have made China's currency their rallying point on international trade, introduced their long-awaited currency legislation today. Senators Charles Schumer (D-NY) and Lindsey Graham (R-SC) joined Finance Committee Chair Max Baucus (D-MT) and Ranking Member Charles Grassley (R-IA) in drafting the Currency Exchange Rate Oversight Reform Act. The four senators had committed to craft this measure together after Schumer...

June 13th, 2007

The PRC State Intellectual Property Office (SIPO) recently released statistics that show little improvement in the enforcement of intellectual property rights (IPR) in China. Although some figures indicate progress in certain areas--for example, from 2005 to 2006, the number of administrative cases involving foreign trademarks rose 41.2 percent--other indicators suggest that PRC authorities are lagging in their efforts to crack down on IPR infringers. For example, in the realm of copyrights...

June 13th, 2007

In the wake of international warnings regarding toothpaste and wheat gluten made in China, the PRC State Council last week publicized China's 11th Five-Year Plan (FYP, 2006-10) for Food and Drug Safety. The FYP broadly aims to better monitor food and pharmaceutical safety and clamp down on the production and sale of counterfeit and inferior foods and drugs and other related illegal activities. The first plan of its kind, the FYP was jointly developed by the State Food and Drug Administration...

June 13th, 2007

The Standing Committee of the PRC National People's Congress will review a revised Lawyers Law this year. According to a draft released to the All-China Lawyers Association, the revised law is expected to clarify lawyers' rights and qualifications and provide more detailed rules on the operations of law firms. As with the current law, the draft would mandate separate rules to govern the representative offices of foreign law firms in China. The current law was first issued in 1996 and revised...

June 6th, 2007

The US-China Business Council (USCBC) held its 34th Annual Membership Meeting in Washington, DC, on June 5. Former Secretary of State and of the Treasury James A. Baker III was the keynote speaker at the meeting's luncheon; the meeting also featured speakers on China's economy, innovation policies, human resources trends, key operational issues, and bilateral trade politics. In his remarks on the prospects for US-China relations, Baker rejected the view that China's rise will inevitably lead...

June 6th, 2007

Each year, USCBC conducts a survey to track the top concerns of its membership regarding the China business environment. The results of this survey will prioritize the issues for USCBC's reporting, advisory, and advocacy work in the United States and China on behalf of its membership.

Your input is crucial to the quality and effectiveness of USCBC's services. We thank you for taking a few minutes to complete this survey, which will close on June 29, 2007. Please note that individual...

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