China's automotive industry is seen as one of the big growth areas in the post-WTO era. We're pleased this month to have a comprehensive survey of the main issues in the trade agreements regulating foreign investment and the current state of investment in China's car industry.
The recently amended PRC Trademark Law (Trademark Law), the PRC Trademark Law Implementing Regulations (the Implementing Regulations) and supplemental judicial interpretations issued by the government greatly assist and guide practitioners and brand owners to reap further benefits.
The new QFII regulations mark another step in opening the securities markets further to foreign participation. Many new laws have made it apparent that the CSRC is committed to the path of financial reform and development.
The PRC's new Environmental Impact Assessment Law (the Law) clarifies and strengthens environmental protection requirements applying to the establishment, expansion or change of business operations, and extends similar requirements to the drafting of government plans that might affect China's environment.
China will promulgate an amended insurance law as part of a broad-ranging programme of post-WTO accession legislative renovation. An in-depth analysis of the pros and cons, and the implications for the China insurance market.
New regulations from MOFTEC and the MOC mean that for the first time wholly foreign-owned construction companies can undertake work in China. However, some provisions remain ambiguous and may actually constitute hurdles for foreign investment in the PRC construction industry.
New regulations have been issued that attempt to bring some order to the retail petrol industry, and strengthen the local business environment before the market is liberalized for foreign investment in 2004 per China's WTO commitments.
Reforming China's state-owned enterprises is crucial to any economic reform efforts. A preliminary step has been made to introduce foreign investment into the public sector, and comes amid a more broadly based legislative effort to revamp China's economy.