A number of Chinese cities are once again preparing for summer power shortages, a chronic problem in recent years. While China's energy supply has improved since the severe shortages of 2004, certain regions, such as Guangdong and Shanghai, have already experienced shortages this year, and the problem is expected to persist through the summer and beyond.
China Market Intelligence
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.
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.
The PRC government on Monday released China's first policy blueprint on climate change. The document discusses in general terms the broad array of policies that China will implement to mitigate and adapt to climate change, some of which may present opportunities for companies in the energy, building materials, transportation, and other sectors.
Following the second session of the Strategic Economic Dialogue (SED) in Washington, DC, last week, PRC Vice Premier Wu Yi and her delegation visited the White House and Capitol Hill and met with President George W. Bush and congressional leaders from both parties.
The PRC State Council last week approved raising temporary export tariff rates for 142 items and lowering temporary import tariff rates for 209 products. These tariff rate adjustments are aimed at stemming the export of energy- and resource-intensive and polluting products, while encouraging imports to trim China's trade surplus, according to a State Council announcement.
The PRC State Environmental Protection Administration (SEPA) recently released new measures that call upon government agencies and enterprises to disclose environmental information to the general public.
Several provincial Chinese Communist Party (CCP) secretaries and deputy secretaries were reappointed or took up new posts recently. These appointments may be meaningful as the upcoming CCP Congress approaches.
The second round of the Strategic Economic Dialogue (SED) concluded today in Washington, DC. The high-level talks headed by US Secretary of the Treasury Henry Paulson and PRC Vice Premier Wu Yi have sought to address major issues regarding the growing trade relations, and tensions, between the two countries.
The PRC National Development and Reform Commission (NDRC) last week released a blueprint for developing China's high-tech sector through 2010. Its broad policy objectives include intensifying efforts to develop "independent innovations," forming domestic technology conglomerates, seeking new markets for China's high-tech products, and cultivating competitive high-tech brands.