China Market Intelligence

January 10th, 2007

China's trade in electronic and machinery products accounted for more than half of China's total trade from January to November 2006, according to a MOFCOM report. Exports of standard electronic and machinery products increased, while processing trade exports slowed during that period. Of particular interest, the report notes that domestic production has been unable to meet strong domestic demand for high-end autos. The report also states that demand for...

January 4th, 2007

The PRC State Council recently announced the 2007 PRC holidays. In addition to the New Year Holiday, which ran January 1-3, other holidays for 2007 are as follows:

Chinese New Year: February 18-24 (February 17 and 25 are business days) May Holiday: May 1-7 (April 28-29 are business days) National Holiday: October 1-7 (September 29-30 are business days) PRC holiday schedule (in...
January 4th, 2007

The Standing Committee of the 10th National People's Congress (NPC) met December 24-29, 2006 to review key legislation. The committee approved the Protection of Minors Law and decided to submit the draft Property Rights Law and Corporate Income Tax Law for voting--and the draft Labor Contract Law for a third review--at the next full session of the NPC in March.

Property Rights Law

China's...

January 4th, 2007

After receiving an unprecedented 190,000 comment submissions--including one from the US-China Business Council (USCBC)--for the draft Labor Contract Law during the public comment period in March 2006, the Standing Committee of the 10th NPC reviewed a revised draft of the law in its December session. The latest draft has not been released for comment and will not be disclosed until its passage, according to USCBC sources. Further revisions to the draft are...

January 4th, 2007

The PRC National Development and Reform Commission (NDRC) recently issued a notice on restructuring China's domestic auto industry to control overinvestment in the sector. The Notice on Recommendations Related to the Restructuring of the Auto Industry states that the major domestic and foreign auto manufacturers' 2006-10 planned auto production levels far exceed expected demand and stresses that structural overcapacity is the main problem hindering the...

January 4th, 2007

In early November 2006, one of China's most influential and intrepid unofficial newspapers, Southern Weekend (Nanfang Zhoumo), published a list that ranked Fortune 500 companies by their "impact" in China. The ranking considered each company's overall influence in China, social responsibility, and regional contributions, among other factors. Though multinational corporations (MNCs) were ranked based on international standards, such as overall China...

January 4th, 2007
Chinese court upholds Pfizer's patent

The Beijing No. 1 Intermediate People's Court last week ruled that US-based Pfizer, Inc.'s patent on Viagra, the male impotence drug, is valid and ordered two Chinese companies to stop producing counterfeit pills.

The Beijing Health New Concept Pharmacy Co. was ordered to discontinue its sales of similar blue pills, and Jiangsu-based Lianhuan Pharmaceutical...

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