WTO China Updates
The Changes
Chinese Bank Prepares for Opening of Gold Market
The the Industrial and Commercial Bank of China will actively participate in the operation of the Shanghai Gold Exchange which will start trial operation on November 28, said a spokesman for the ICBC.
China Grants Over 200 Foreign Headhunters Access Permit
Over 200 qualified intermediary services from overseas have received special permits issued by China's State Bureau of Foreign Experts Affairs.
WTO Entry Pushing forward China's Reform
With China's WTO entry, the Chinese government must follow the widely used global market rules to improve management efficiency and further slash red tape, a senior officer said here recently.
Lawyers Upbeat on WTO
It seems that 10 months can make all the difference as active preparation and confidence now prevail among domestic lawyers facing the country's expected entry to the World Trade Organization (WTO).
Foreign Headhunters Coming to China
Foreign headhunting firms will be allowed to do business in China starting October 1, opening a new front for overseas business.
Law to Be Improved
After China's entry into the World Trade Organization (WTO), foreign arbitration bodies will be able to carry out business in China and domestic ones will be encouraged to operate in other countries.
China to Draft Property Rights Law
The drafting of the Property Rights Law, a law aiming to protect the legitimate rights of and fair competition among various enterprises, is under way in China' s Standing Committee of the National People's Congress (NPC).
Nation Mends Laws to Match WTO System
Top legislator Li Peng yesterday called for the National People's Congress to make necessary revisions of, and amendments to, existing laws in advance of the nation's impending entry into the World Trade Organization (WTO).
Laws Pave Way for WTO Entry
Legal changes in preparation for the nation's impending entry into the World Trade Organization (WTO) will move on a step today as legislators vote on amendments relating to foreign investment.
End of Telecom Monopoly Expected
China is expected to step up its pace of breaking up the telecom sector monopoly by introducing competition and offering users more alternatives.
New Rules Lure Foreign Money into Country
The "encouraged" category of China's official foreign investment guide is going to be expanded.
New Patent Rules to up Standards
Amendments to China's Patent Law, which will come into effect next year, will bring the country more in line with international standards, a senior patent official said.
Cultural 'Gladiators' Eye WTO
Along with China's pending entry into the World Trade Organization (WTO), its culture industry is preparing to compete with its international counterparts.
Insurers Prepare for WTO Entry
China's insurance sector is racing against the clock to get ready for the country's entry into the World Trade Organization (WTO).
Foreign Lawyers Welcome
The Ministry of Justice yesterday approved 11 foreign law firms and two Hong Kong firms to open branches in the mainland, and their business is due to go well thanks to a new regulation being drafted and China's pending World Trade Organization entry.
Sino-EU legal Program Launched
China and the European Union (EU) yesterday launched a 13.5 million-euro (US$13.9 million) legal and judicial cooperative program, the largest so far in China.
Finance: Liberal but Manageable Limits
The liberalization of China's financial sector after it joins the World Trade Organization (WTO) must remain within the bounds of its regulatory ability and economic situation, said a top official with the central bank.
Nation to Pave The Road West
China plans to add 200,000 kilometers of highway to its existing road network of 1.4 million kilometers by the end of 2005, according to Vice-Minister of Communications Hu Xijie.
Banks to Enter New Businesses
Central bank Governor Dai Xianglong vowed yesterday to help China's financial institutions enter and strengthen their presence in more lucrative businesses, such as on-line banking, to make the sector more competitive.
IT Planners Grope for Key
The information industry administration is rapidly preparing to deal with China's entry into the World Trade Organization. Of particular concern is foreign investors' interest in investing in China's telecommunications service sector.
Lawyers May Face WTOChallenges
China's fledgling legal profession is hopeful that a number of new measures will help it effectively utilize the opportunities brought about by the nation's upcoming entry to the World Trade Organization (WTO).
IBA Seeks More Chinese Lawyers
The International Bar Association (IBA) is looking forward to more Chinese lawyers becoming members.
Fund to Help with Patent Applications
The State is to set up a special fund to help domestic enterprises apply for technology patents overseas, a senior official who is responsible for intellectual property rights said yesterday.
Officials Flex Muscles in Fight on Rights
A senior Chinese official Wednesday reaffirmed the country's decision to crackdown on infringements of copyrights in everything from books to music to web-based material.
Sound Legal Preparations to Upgrade IPR
China has made sound legal preparations to upgrade its protection of intellectual property rights (IPR) ahead of its imminent entry into the World Trade Organization (WTO).
Credit Rating System Growing
China should pay greater attention to the development of its credit rating industry in the process of establishing a market-oriented economy, experts have said.
Chinese Telecom Reform Delayed
One of the authors of China's draft telecommunications law said on Thursday he did not expect it to be enacted this year, leaving the industry in a confusing state as China prepares to enter the World Trade Organization, Total Telecom reported on its website.
Judges Subject to New Conduct Code
The Supreme People's Court of China has issued a list of professional ethics for judges to adhere to, in a bid to strengthen the courts' discipline and to improve judicial justice.
Ministry to Tighten Trade Law
China is tightening its trade laws to protect its domestic market after it enters the World Trade Organization (WTO), said Wei Jianguo, assistant minister of the foreign trade and economic cooperation (MOFTEC).
Preparations Concerning Laws and Market Underway: Minister
Shi Guangsheng, China's minister of foreign trade and economic cooperation, said on Tuesday in Shanghai that China is making preparations concerning laws and market for the upcoming entry into the World Trade Organization ( WTO).
Law Needed to Protect Tourism
China's top tourism administration has urged the acceleration of the legislation process to deal with problems in the expanding holiday industry to guarantee its further development.
Banking Sector Flirts with Global Suitors
Talks are under way to forge an alliance between China's largest shareholding commercial bank and a number of foreign financial conglomerates.
Law Drafter Spells out Challenge of Work
Law drafting is a challenging yet interesting task which has to take into account various interests of society and keep abreast with the changing times.
RMB Adapted to WTO Needs
A primary goal of China's foreign exchange policy-makers during the country's run-up to entering the World Trade Organization (WTO) is to create a fair environment for investors, a senior foreign exchange official said last week.
Restructuring Planned for Industry as WTO Accession Approaches
The Chinese government announced on Monday the goals, tasks and policies for economic restructuring and scientific innovation for the next five years, ahead of its accession to the World Trade Organization (WTO), due before the end of the year.
Amendments to Ensure Drug Safety
The amendments to the Law of the People's Republic of China on Pharmaceutical Administration will help strengthen the supervision of medicine and ensure the safety and effectiveness of drugs, according to Zheng Xiaoyu, director of the State Drug Administration, at a press conference in Beijing yesterday.
New Laws to Ensure Better Environment
China is to strengthen its legislation on environment and resources in the next five years.
Supreme Court Makes Judicial Preparations for China's WTO Entry
China's Supreme People's Court is gearing up for the country's imminent WTO accession, the court's vice president Li Guoguang told a press conference Friday in Beijing.
Publishing Industry Faces Challenge after China's WTO Entry
Chinese publishers will have to survive solely on their competitiveness after China becomes a member of the World Trade Organization (WTO), said a top official of the Publishers' Association of China.
Taxation Policy Adjustment after WTO Not to Affect Opening up
Adjustment on taxation policy will be made after China's WTO entry, says Jin Renqing, director of State General Taxation Administration (SGTA), stressing that it will be done on the basis of "correct assessment of the situation" and therefore will not affect China's opening up policy.
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