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Innovation, IP to be core element of China’s economic growth

Beijing , China –November 27, 2010 Innovation and the resulting intellectual property (IP) will increasingly serve as a core element of China’s economic development, a law expert said here Tuesday. “Innovation and IP will play a key role to reform China’s science and technology research and development,” Senior Vice President and General Counsel of Taiwan …

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The State Council’s Principally Passes Vehicle And Vessel Tax Law (Draft)

The executive meeting of the State Council on 12th October discussed and principally passed The Vehicle and Vessel Tax Law of the PRC (Draft). The meeting decided, after further amendment of the draft, that will be submitted by the State Council to the Standing Committee of the National People’s Congress for consideration. It is reported …

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The General Administration of Customs issue an announcement regarding tax payment of rentals for aircrafts lease

Beijing China, October 21—General Administration of Customs of People’s Republic of China issued the announcement (No.47 [2010])(hereinafter to be referred as announcement)to regulate tax payment of rentals for aircrafts lease on July 19 of 2010. The announcement mainly regulates the types of fees and costs which could be calculated as rentals and are required to …

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Energy-Saving Industry is Encouraged in China

As a party to the Kyoto Protocol (2005), the People’s Republic of China, has been actively promulgating “greener” policies to improve China’ environment and reduce carbon emissions. One such step towards greater energy efficiency is reflected in the Opinion on Expediting the Implementation of Energy Management Contracting to Promote the Development of Energy Saving Service …

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Abuse of Dominant Market Position prohibited in China

LEHMAN, LEE & XU The State Administration of Industry and Commerce (“ SAIC ”) issued the draft Provisions on Prohibition of Abuse of Dominant Market Position (the “ Draft Provisions ”) on May 25, 2010. The Draft Provisions, together with the draft Anti-Price Monopoly Provisions issued by the National Development and Reform Commission in August …

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China temporarily allows foreign travel operators to set up outbound travel agencies

Beijing , China –November 27, 2010 UK, France, Italy, Swiss, and Australia or also tourist destinations like Dubai, Nepal, Ireland, Czech Republic, become the most favorable countries for Chinese people who are fond of travel abroad in leisure time. The Annual Report of China Outbound Tourism Development 2009-2010 issued by the China Tourism Academy estimated …

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Three Depts. Clarify Law Application Criteria For Online Gambling Cases

The Supreme People’s Court, the Supreme People’s Procuratorate and the Ministry of Public Security have jointly released the “Opinions on Issues concerning the Application of Law in the Handling of Online Gambling Criminal Cases ” . Five points in this document: 1. criteria for conviction of and imposing penalties for the crime of operating a …

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China tightens restrictions on online transactions of drug precursor chemicals

The Chinese government issued a circular Monday to tighten restrictions on online transactions of drug precursor chemicals, in a bid to fight Internet-enabled drug trafficking. According to the circular jointly issued by five government departments including the Ministry of Public Security and the Ministry of Industry and Information Technology, individuals are banned from selling precursor …

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Implementation Guide For Remanufactured Product Accreditation Issued

LEHMAN, LEE & XU The Implementation Guide for Remanufactured Product Accreditation (“the Guide”) was recently issued by the Ministry of Industry and Information Technology . For the purpose of the Guide, the accreditation scope of remanufactured products includes general machinery equipment, special machinery equipment, office equipment and transportation equipment and their parts, and the remanufactured …

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