New rules issued by the NDRC represent the Chinese government's most recent effort to centrally manage the development of the domestic Chinese auto industry, while still promoting the innovation required for its success. The modern auto industry presents the nation with what is arguably one of the most technology-intensive and innovation-laden challenges yet. Whether such government-led innovation can be successful will certainly be interesting to watch as the rules are played out.

Hongwei Yuan, chairman of Chinese glue-marker MagPow Adhesive Industries [also known as Hunan Magic], has been cheered by Chinese netizens as a hero, while…

DEALS & DEALMAKERSATA, a Chinese computer-based testing company, raised approximately US$46.3 million by pricing its American Depositary Shares [ADS] initial…

New rules issued by the NDRC represent the Chinese government's most recent effort to centrally manage the development of the domestic Chinese auto industry, while still promoting the innovation required for its success. The modern auto industry presents the nation with what is arguably one of the most technology-intensive and innovation-laden challenges yet. Whether such government-led innovation can be successful will certainly be interesting to watch as the rules are played out.

Hongwei Yuan, chairman of Chinese glue-marker MagPow Adhesive Industries [also known as Hunan Magic], has been cheered by Chinese netizens as a hero, while…

Domestic companies' M&A and outbound investments continue to drive economic growth in Asia Pacific as confidence surges among Asian CEOs, according to…

With reports emerging of mass layoffs preceding its implementation, and factory closures or relocations to cheaper jurisdictions afterwards, the newly-effective Labour Contract Law has drawn much criticism. Large employers complain that it adds unreasonable costs, while employees are disappointed that the Law does not offer as many benefits for them as compared to the original draft. But is the Law as it stands a workable compromise, and can it be enforced in its current form prior to the release of implementing regulations?

With reports emerging of mass layoffs preceding its implementation, and factory closures or relocations to cheaper jurisdictions afterwards, the newly-effective Labour Contract Law has drawn much criticism. Large employers complain that it adds unreasonable costs, while employees are disappointed that the Law does not offer as many benefits for them as compared to the original draft. But is the Law as it stands a workable compromise, and can it be enforced in its current form prior to the release of implementing regulations?

By Yi [email protected] Reaction of employers in China for the newly effective Employment Contract Law (劳动合同法)(New Law) has been…