Driving on the Wild Side

If there’s one thing I’ve learned about China since moving here,it’s this:The rules of the road are far different than those Stateside.Actually,perhaps the word"rules"is a bit of an overstatement; "suggestions of the road"may be more fitting.     

Breaking The Bondage

<正>China’s pioneer project of reforming its hukou system starts All non-urban workers in Chengdu,southwest China’s Sichuan Province,were covered by social security on April1.The action was regarded as one of the most important measures taken by the Chengdu Municipal Government to reform its household registration,or hukou,system.     

ECONOMY

<正>Registration-Based IPO China has officially rolled out its across-the-board registrationbased initial public offering (IPO)system with relevant rules becoming effective on February 17,according to the country’s securities regulator.Of milestone significance in the reform of China’s capital market, the move has basically put in place the institutional arrangements for the system,the China Securities Regulatory Commission said in a statement.The rules involve simplifying listing requireme...     

The Slant of the Union

<正>A look at China’s changing image as reflected in the annual U.S.presidential address U.S.President Barack Obama’s 2015 State of the Union Address set off a firestorm of controversy in the Chinese media after asserting that the United States,rather than China,should write the rules for the AsiaPacific—the world’s fastest-growing region.The annual policy address has a significant role in U.S.     

Proactive Opening Up--New regulations further facilitate foreign investors' participation in China's capital market

The People’s Bank of China(PBC),China’s central bank,and the State Administration of Foreign Exchange(SAFE)issued new rules on May 7 to scrap quotas on the dollar-denominated qualified foreign institutional investor(QFII)scheme and its yuan-denominated sibling RQFII.     

IS It Right to Lower the Age of Limited Civil Conduct Capacity?

正A draft of general rules stipulating the basic principles of China’s Civil Code was submitted to the top legislature for its first reading in late June. The passage of the rules wil be the first step in compiling the all-encompassing Civil Code. Over the past decades, China has enacted a number of laws on managing civil affairs, such as the Property Law and the Contract Law,but has yet to integrate them into a comprehensive code.One of the changes in the draft is the     

Politics Bar to Investors

<正>Roadblocks and rules hinder Chinese investmentin the United States and the West at large China has become one of the most rapidly growing providers of foreign direct investment (FDI) in the world. To people’s surprise, the United States has been less than welcoming of China’s     

Proactive Opening Up

正New regulations further facilitate foreign investors’ participation in China’s capital market The People’s Bank of China (PBC),China’s central bank, and the State Administration of Foreign Exchange(SAFE) issued new rules on May 7 to scrap quotas on the dollar-denominated qualified foreign institutional investor (QFII) scheme and its yuan-denominated sibling RQFII,and further streamline procedures in order to facilitate their participation in China’s     

ECONOMY

正Capital Market Reform China’s top securities regulator plans to improve governance of the capital market as part of the major tasks for2020.The China Securities Regulatory Commission (CSRC) said it would develop a capital market with more standardized rules, transparency,openness, vitality and resilience.     

MARKET WATCH

In an attempt to boost liquidity, China’s central bank decreases the reserve requirement ratio for the first time in three years. The November purchasing managers index tumbles below the boom-and-bust line of 50 percent, indicating downside growth risks. As they tighten delisting rules on the growth enterprise board, China’s securities regulator tries to protect interests of investors. The Ministry of Commerce has released a development outline for the service trade sector. Chinese shipbuilders face a bumpy road ahead due to weakness in demand. Credit card fever is sweeping through the country, though debt risks still loom large.     

Hukou System Reform Urgently Needed

China’s urban population accounted for52.57 percent of the country’s total by theendof2012accordingtotheofficial figure.Alargeproportionofnewurbanresidents are migrant workers who left the countryside to find jobs in cities.However,under the rigid household registration system,the large legion of migrants doesn’t have equal access to public services in cities.     

Protecting Ocean Rights

<正>On November 23,the Chinese Government issued a statement on the establishment of East China Sea Air Defense Identification Zone,together with aircraft identification rules and a map.China’s Air Force has since conducted itsfirstpatrolofthearea.This is a legitimate action to protect China’s ocean rights and monitor flights over East China Sea,while conforming to international laws and practices.However,China’s move has triggered unnecessary reactions from somecountries.     

Stealing the Spotlight

<正>Film rules are expected to regulate and boost the development of the industry By Tang Yuankai Alaw promoting China’s film industry,first drafted 12 years ago,is now one step closer to being enacted,after the National People’s Congress(NPC),China’s top legislature,finished soliciting opinions from the public on its draft on December 5.     

Docking at the Land Of Prosperity

<正>The 18th Communist Party of China Central Committee’s Fifth Plenary Session in late October charted the course for the country’s economic and social development over the next fve years.The ruling Party’s proposal on China’s 13th FiveYear Plan(2016-20)adopted at the plenum reaffirmed the goal of building a moderately prosperous society by 2020.The proposed plan also put forward fve focal points for China’s development:innovation-driven,balanced,green,open     

Refining the Laws on Procedure

<正>China starts to amend the rules relating to court processes Amendment of China’s three major procedural laws—the Criminal Procedure Law,the Civil Procedure Law and the Administrative     

Straightening out Legal Procedures

<正>China’s top legislature mulls giving the green light to class action litigations The long-awaited amendment of China’s Civil Procedure Law has taken a crucial step.On October 28,the Standing Committee of the National People’s Congress(NPC),China’s top legislature,reviewed a draft amendment to the law for the first time.     

Fostering Innovation

正In the past 35 years,China has made tremendous achievements in innovation.Now the country’s innovation-oriented development is heading for a"deep-water"phase,with both opportunities and challenges ahead.China must make innovations more scientific and effective in the future.The establishment of market economy in China has laid the foundation for promoting innovation.Competition based on market rules has forced state-owned enterprises(SOEs)     

Ideas to Share With The World

<正>The 19th National Congress of the Communist Party of China(CPC)is expected to set a blueprint for the country to march toward modernization under the banner of socialism with Chinese characteristics.A recent series of reports by Xinhua News Agency elaborate on China’s development path,the CPC’s governance theories and practices,and the Party’s ruling capacity building efforts.The following is an edited version of the first report of the series:     

To Actively Perform the Judicial Administration Function and Promote the Development of Cause of Human Rights

正Respect for human rights and protection of human rights are significant rules in the Constitution of the People’s Republic of China.In 2015,judicial administration departments at all levels legally exercised their duties,implemented the principles and rules in constitution,and kept strengthening propagation of human rights through creation of contents and methods which had acquired great effects.What they have done contributes significantly toward the development of human rights in China.     

Pie in the Sky

正As China drafts its first law on virtual property rights,experts look at the pros and cons On June 27,a draft of the proposed general rules of civil code was submitted to the Standing Committee of the National People’s Congress (NPC), China’s top legislature, for its first reading.One of the stipulations in the draft that is a matter of great public interest is that