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.
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.
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.
Zhonglun Law FirmIn July, the People's Bank of China (PBOC) allowed four of China's commercial banks (the Bank of Communications, China Merchants Bank,…
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.