China Market Intelligence

May 9th, 2007

In just two weeks, top US and PRC economic officials will meet in Washington, DC, for the second round of the Strategic Economic Dialogue (SED). US Secretary of the Treasury Henry Paulson, who chairs the US side of the dialogue, previewed the upcoming SED in a speech on May 2 at the Peter G. Peterson Institute for International Economics in Washington. Reiterating one of his regular themes, Paulson described the purpose of the SED as building a framework for the two countries to address...

May 9th, 2007

USTR released its annual Special 301 report on April 30, putting China on the priority watch list for the third year in a row and continuing Section 306 monitoring (see Box). For the first time, the report includes a review of intellectual property rights (IPR) enforcement at the provincial level.

The report noted two improvements in China's IPR regime: The country has joined the World Intellectual Property Organization's Copyright Treaty and the Performances and Phonograms Treaty,...

May 9th, 2007

The PRC State Council in late April released long-awaited regulations on government information disclosure that may boost government transparency and accountability. As with all PRC laws and regulations, however, the effect of these regulations will depend on how individual agencies at the national and local level interpret and implement them.

Scope of disclosure

The Regulations on the Disclosure of Government Information, which take effect May 1, 2008, require all...

May 9th, 2007

USCBC Vice President for China Operations Bob Poole on April 24-27 led a delegation of USCBC member company representatives to the Second Central China Investment and Trade Expo in Zhengzhou, Henan. While in Zhengzhou, the USCBC delegation met with Vice Minister of Commerce Ma Xiuhong and, together with an American Chamber of Commerce-China delegation, PRC Minister of Commerce Bo Xilai. The USCBC delegation also met with the governors of the two most populous provinces in central China: Li...

April 25th, 2007

China's economy expanded at a faster-than-expected rate of 11.1 percent in the first three months of the year, largely driven by fixed-asset investment and exports. Most economic indicators delivered a stronger performance than in the first quarter of 2006 (see Table 1), leading most economists to expect cooling measures such as higher interest rates and reserve requirements, as well as administrative directives on bank lending. Because the economy shows no sign of transportation bottlenecks...

April 25th, 2007

In an attempt to curb energy inefficient, environmentally unfriendly, and low-value-added processing trade, the PRC Ministry of Commerce (MOFCOM) recently issued a notice that calls on local commerce authorities to more tightly regulate and monitor enterprises engaged in processing trade. If fully implemented, the notice, which follows the recent ban of 184 additional products from processing trade, may help China slow the growth of its trade surplus and shift toward a more balanced...

April 25th, 2007
Measures on administration of life insurance products

In a welcome act of regulatory transparency, the China Insurance Regulatory Commission (CIRC) on April 13 posted draft Measures on the Administration of Life Insurance Products for comment by May 15.

In a fundamental change from past measures, the draft measures require that CIRC examine and approve new life insurance products prior to their launch. (Regulators have stressed the need to improve the overall quality...

April 25th, 2007

The US-China Business Council (USCBC) today released a breakdown of US individual state exports to China during the 2000-06 period that shows the remarkable growth of China as an export market for US goods. The report, US Exports to China by State 2000-06, is the second in a series of US state and congressional district export analyses that USCBC is undertaking to help inform the debate about trade with China.

Among the highlights of the...

April 25th, 2007

US Department of Transportation (DOT) Secretary Mary E. Peters recently visited Shanghai and Beijing to advocate for the liberalization of China's transportation sector, particularly the aviation market. Peters met with PRC counterparts in the ministries of Communications, Construction, Rail, the General Administration of Civil Aviation of China (CAAC), and the National Development and Reform Commission.

USCBC and the American Chambers of Commerce-Shanghai and -China cohosted...

April 18th, 2007

After completing the first reading of China's draft Employment Promotion Law during the full session of the National People's Congress (NPC) in March, the NPC released the draft law and is soliciting comments until April 25. The draft law contains several provisions that companies should note.

The draft law explicitly bars employment discrimination based on a person's "ethnicity, race, sex, religion, age, physical disability, etc." Though observers have praised the attempt to prevent...

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