China Market Intelligence

January 24th, 2007

The PRC State Council recently shifted some senior government personnel:

Xiang Zhaolun was named a deputy secretary general of the State Council; Chen Jinyu and You Quan were removed as deputy secretaries general; You Quan replaced Chai Songyue as chair of the State Electricity Regulatory Commission; Jie Zhenghua was named a vice chair of NDRC; Song Lan was named a deputy director of the State Administration of Taxation (SAT); Cui Junhui and Xu Shanda...
January 17th, 2007

In recent meetings with PRC financial officials, including China Banking Regulatory Commission (CBRC) Assistant Chair Wang Zhaoxing, USCBC stressed the importance of further financial sector reforms and market openings for China's economic goals and for its consumers. USCBC also underscored the key role the Strategic Economic Dialogue (SED) plays in advancing these issues. Though Wang and other officials agreed that the SED is a good development, they...

January 17th, 2007

In its continuing effort to promote domestic brands, the PRC Ministry of Commerce (MOFCOM) last week issued measures to evaluate Chinese brands that are eligible to apply for commercial-brand status. Once approved, these brands will receive increased government protection for their intellectual property rights (IPR) in domestic and international markets and will be actively encouraged to expand and innovate.

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January 17th, 2007

Several recent developments indicate that the PRC government's current emphasis on the environment may have emboldened the PRC State Environmental Protection Administration (SEPA) to flex its muscles.

The environmental watchdog last week halted major projects by four large power companies and all power producers in Guizhou, Hebei, Shanxi, and Shandong--provinces with particularly poor environmental performance. Also last week, PBOC announced that...
January 17th, 2007

The total US trade deficit in goods and services fell for a third consecutive month in November 2006, reaching $58.2 billion, the lowest since July 2005, according to a recent report released by the Bureau of Economic Analysis (BEA) and US Census Bureau. The November 2006 year-to-date deficit, however, was up 7.5 percent, reaching $701.6 billion.

The report also noted that the US goods deficit with China eased to...

January 17th, 2007

In response to developments this month on the draft Labor Contract Law, the US-China Business Council (USCBC) held roundtables in Shanghai and Beijing last week to discuss the new draft with member companies and begin the process of collecting comments in preparation for possible submission to the National People's Congress (NPC) at the end of the month. Several areas of concern raised by companies are outlined below.

Noncompete...
January 17th, 2007

In response to developments this month on the draft Labor Contract Law, the US-China Business Council (USCBC) held roundtables in Shanghai and Beijing last week to discuss the new draft with member companies and begin the process of collecting comments in preparation for possible submission to the National People's Congress (NPC) at the end of the month. Several areas of concern raised by companies are outlined below.

Noncompete...
January 17th, 2007

In recent meetings with PRC financial officials, including China Banking Regulatory Commission (CBRC) Assistant Chair Wang Zhaoxing, USCBC stressed the importance of further financial sector reforms and market openings for China's economic goals and for its consumers. USCBC also underscored the key role the Strategic Economic Dialogue (SED) plays in advancing these issues. Though Wang and other officials agreed that the SED is a good development, they...

January 10th, 2007

In a follow-up to the news that the PRC National People's Congress (NPC) completed its second review of the draft Labor Contract Law, the US-China Business Council's (USCBC) Beijing office this week obtained a copy of the revised draft Labor Contract Law from the Legislative Affairs Office (LAO) of the NPC. Though it has no plans to solicit public comments on this draft, LAO has asked USCBC to submit comments by January 31. The law is expected to undergo a...

January 10th, 2007

USCBC last week hosted a luncheon in honor of PRC Vice Minister of Foreign Affairs Yang Jiechi, who traveled to Washington, DC, to attend the state funeral of late US President Gerald Ford and to meet US government counterparts. The two sides discussed the 2007 bilateral relations agenda, including preparations for the next Strategic Economic Dialogue (SED), which will be held in the second half of May in Washington.

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