DreamWorks Animation, the US film company, has announced plans to build a $3.14 billion theme park in Shanghai, to bolster its presence in the booming local entertainment market […]
Tag: State Administration
China had 174 million cable TV subscribers at the end of 2009, up by 10 million, or 6.1%, from the end of 2008, according to China’s State Administration of Radio, Film and Television […]
China investigated 56,634 trademark infringement cases in 2008, up 12.55 percent from the previous year. Statistics released by the Chinese State Administration for Industry and Commerce (SAIC) on revealed recently that these include 45,492 domestic cases and 11,142 foreign-related ones, up 13.74 percent and 7.97 percent, respectively.
China’s advertisement sector generated 189.96 billion yuan (27.78 billion U.S. dollars) of revenue in 2008, up 9.11 percent over the previous year, China’s State Administration for Industry and Commerce (SAIC) said recently. The revenue from TV commercials reached 50.15 billion yuan (over 7 billion US dollars), an increase of 13.22 percent over the previous year. It accounted for26.4 percent of the total, the largest share of the market […]
Money is moving in a new direction in China — out: Some Chinese are so eager to turn their yuan into other assets that when an online real estate brokerage organized a tour of foreclosure auctions in the United States, it received so many applications that it had to turn away nearly 400 people. In Shanghai, cash-rich Chinese companies are buying high-yield bonds issued by distressed American companies at a time when most investors are steering clear of bonds even from solid companies […]
Gas-guzzling imported luxury cars with heavy emissions are to face a possible car consumption tax rise in China, industry insiders predict. The Chinese State Council — China’s Cabinet — held an executive meeting earlier this year noting the significance of energy savings and made a special call on the country’s auto industry to cut back on gas consumption […]
China’s top political adviser pledged to use religion for promoting social harmony. ‘We should fully follow the policy on freedom of religious belief, implement the regulations on religious affairs, and conduct thorough research on important and difficult issues related to religion,’ said Jia Qinglin, chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC)…
Wang Ziqiang, director of the Copyright Management Division of National Copyright Administration of China (NCAC), announced that China would officially issue its national intellectual property rights strategy in 2008 to define the principles, development directions and achievements in intellectual property rights protection. Wang said that the year of 2008 would be a significant year for China, because China’s intellectual property right protection would enter a new period of receiving supervision from all the WTO members under the principles of WTO now that the interim period for China’s copyrights was going to conclude…
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…
China’s industry and commerce authorities have handled more than 60,000 intellectual property rights infringement cases amid stepped-up efforts in IPR protection after its entry into the World Trade Organization, according to a senior official. From 2002 through the first half of this year, the country’s industry and commerce departments at all levels have dealt with 60,203 IPR infringement cases valued at 1.4 billion yuan (186 million U.S. dollars), said Li Wenzhang, deputy director of the fair trade bureau of the State Administration of Industry and Commerce (SAIC)…