China Market Intelligence

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 en

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 en

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.

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.

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.

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.

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.

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.

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.

January 10th, 2007

In a step toward national treatment in its tax regime, the PRC State Council recently revised a land use tax policy and consolidated vehicle and vessel tax policies, giving foreign-invested enterprises (FIEs) the same tax treatment once accorded to domestic enterprises.

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