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China Economics Trend Watching

Living in China: Limits to the inflow of Foreign Workers likely to be set

China’s top legislature began to deliberate a draft law on exit and entry administration, which aims to cope with the surging overseas visits by Chinese and the influx of foreigners […]

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China Economics Trend Watching

Health in China: Output of medicine industry expected to increase by 20% in 2009

Output of China’s medicine industry would increase by 20 percent in 2009, a senior legislator has said. The output figure is expected to hit one trillion yuan (146 billion U.S. dollars) in 2009 despite the severe domestic macroeconomic situation, Sang Guowei, vice chairman of the Standing Committee of the National People’s Congress, told a biological industry forum on recently.

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China Innovation

Intellectual Property: Draft amendment on China’s patent law tabled, higher penalties for violators

Less than three months after the Chinese State Council put its stamp on the patent law reform blueprint, the government submitted the draft amendment to the Standing Committee of the National People’s Congress (NPC), China’s top legislature, for first reading recently. Tian Lipu, commissioner of the Chinese State Intellectual Property Office, said the amendment to the Patent Law would make several important changes to the application process and enforcement of the law…

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China Economics Trend Watching

2007 Retrospective: Top 10 Economy Events in China

The following is the 2007 Top 10 Economic Stories Selection from Economic Information Daily and Perfect China Co Ltd. The chief editors of 16 Beijing-based news organizations, including Zhu Ling, editor-in-chief of China Daily, as well as renowned local economists, put together this selection of the year’s top stories. 1. Property The National People’s Congress, China’s top legislature, passed the Property Law of the People’s Republic of China on March 16. The law granted equal protection to public and private properties for the first time…

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China Information Technology

2007 Retrospective: Top 10 News Events in China

The following are the top 10 domestic news events in the year 2007 selected by Xinhua News, China’s Official News Agency (in chronological order): 1. China’s top legislature, the National People’s Congress (NPC), adopted a landmark property law on March 16, granting equal protection to public and private properties. 2. Serious pollution caused a sudden stenchy algae outbreak in China’s third largest freshwater lake Taihu in late May, cutting tap water supply to more than one million residents in Wuxi, Jiangsu Province…

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China Economics

China Enacts National Competition Law

Culminating a 13-year drafting process, on August 30 the Standing Committee of the National People’s Congress enacted China’s first competition law, the Anti-Monopoly Law ( [Fan Longduan Fa] ). It prohibits discriminatory and anti-competitive practices by local administrative and public bodies against products, business operators and investors from other parts of China, and Fines for monopoly agreements and abuses of dominant position may range as high as one to ten percent of the wrongdoing company’s total sales volume in the relevant market during the previous year…

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China Economics Innovation

China to Implement Intellectual Property Strategy

A symposium on implementing Intellectual Property Strategy Higher Education in China has just concluded at Renmin University on October 22. The forum aimed to further implement intellectual property strategies and develop an innovative economy, as well as providing an overview of the intellectual property education system. Binying Wang, assistant director-general of the World Intellectual Property Organization ( WIPO ) explained the importance of the forum…