China Market Intelligence

January 24th, 2007

In an apparent step toward improving the protection of intellectual property rights (IPR) in China, the PRC Supreme People's Court (SPC) last week issued a judicial opinion on handling IPR-related cases and laid the ground rules for judicial proceedings for the lower courts in China.

The judicial opinion

Painting with a broad brush, the Judicial Opinion on Comprehensively Reinforcing the...

January 24th, 2007

As previously reported in CMI, the Standing Committee of the National People's Congress (NPC) began its first reading of the draft PRC Corporate Income Tax Law in December 2006. Although the draft has not been publicly released and could change after the reading, USCBC sources indicate that a number of key provisions were included in the draft that was submitted.

Tax rate

The corporate income tax...

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 24th, 2007

China's top financial officials and planners met at a national conference last week and endorsed a range of policies concerning the restructuring of an ailing state bank, better use of ballooning foreign exchange (forex) reserves, and expansion of the bond market that they hope will sustain high growth rates and maintain China's position as the world's fourth-largest economy. The conference, held every five years, was led by Premier Wen Jiabao and included...

January 24th, 2007

The often-overlooked trade and investment in services between China and the United States has expanded dramatically, benefited both economies, and will have an even greater impact in the years to come, according to a report released on Tuesday by the China Business Forum, the educational and research arm of the US-China Business Council (USCBC). The United States is the world's leading service economy and enjoys a growing surplus in its services trade with...

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 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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