Legal

The revised Law now requires any work unit or individual wishing to apply for a patent in a foreign country for an invention or utility model completed in China to first submit such invention or utility model to the State Council's patent administrative department for a confidentiality review.

As China faces up to the challenges of a global recession, lawyers are calling for changes to the country's regulatory regime for mergers and acquisitions. Proper support for acquisition financing and foreign currency conversion will boost the market and encourage investors. More clarification of joint-venture funding and anti-monopoly rules will also help.

As China faces up to the challenges of a global recession, lawyers are calling for changes to the country's regulatory regime for mergers and acquisitions. Proper support for acquisition financing and foreign currency conversion will boost the market and encourage investors. More clarification of joint-venture funding and anti-monopoly rules will also help.

Boundary between bribery and gift giving clarified.

More high-end products subject to consumption tax.

Criteria for assessing solvency of insurance companies elaborated

VAT system changed from production-based to consumption-based.

Report suggests provinces bear responsibilities for their own emissions

Macnica, a company listed on the Tokyo Stock Exchange, has bought Cytech Technology and its subsidiaries in the PRC for US$55 million.Cytech distributes…