Great news for International Shipping companies

Great news for International Shipping companies

News from China

  China's August Value Added Tax reform, in short named Circular 37 had international shipping companies at a clear disadvantage…

More...
A fully convertible RMB – soon to come?

A fully convertible RMB – soon to come?

News from China

Despite the stated goal to allow markets to play a larger role in the Chinese economy following China’s Third Plenum,…

More...
Renewable energy efforts in China

Renewable energy efforts in China

News from China

The world's biggest dam, the Three Gorges, established as part of China's enormous investments in renewable energy. Last year China…

More...
China surpasses US as biggest oil importer in the world

China surpasses US as biggest oil importer in the world

News from China

Increasing amount of cars spurs China’s oil demands: Currently, there are around 100 million cars in China –  a number…

More...
Frontpage Slideshow | Copyright © 2006-2012 JoomlaWorks Ltd.

 

Great news for International Shipping companies

Great news for International Shipping companies

Nyheter från Kina

  China's August Value Added Tax reform, in short named Circular 37 had international shipping companies at a clear disadvantage…

More...
A fully convertible RMB – soon to come?

A fully convertible RMB – soon to come?

Nyheter från Kina

Despite the stated goal to allow markets to play a larger role in the Chinese economy following China’s Third Plenum,…

More...
Renewable energy efforts in China

Renewable energy efforts in China

Nyheter från Kina

The world's biggest dam, the Three Gorges, established as part of China's enormous investments in renewable energy. Last year China spent…

More...
China surpasses US as biggest oil importer in the world

China surpasses US as biggest oil importer in the world

Nyheter från Kina

Increasing amount of cars spurs China’s oil demands: Currently, there are around 100 million cars in China –  a number…

More...
Frontpage Slideshow | Copyright © 2006-2012 JoomlaWorks Ltd.

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Image couretsy of Reuters: Carlos Barria

During the 27th to the 29th of October, the Fourth Plenary Session of the 18th Party Congress was held in Beijing. The meeting addressed legal reform, and issued a number of policy changes in regards to strengthening the judicial system vis-à-vis local government in order to create a more predictable legal environment.  Some of the plenum’s proposals included removing the influence of local power-holders over courts and moving responsibility for court funding and personnel appointments away from the local government.

Furthermore, the plenum communiqué, issued last week, vaguely hinted at greater citizen participation in policymaking and also urged for the creation of greater review- and punishment mechanisms within administrative bodies. It also detailed establishing record reporting for “leading cadres’ interference with judicial activities”. These policy shifts, aimed at increasing government transparency, can be seen as steps towards a more pro-active approach to ensure stability in China, according to Malin Oud, an expert on human rights who was previously a UN consultant and head of the Raoul Wallenberg institute. For the past 30 years, GDP growth and stability has been the main focus but recent reform signals a move to address issues such as the environment, government transparency and the legal system to deflate public discontent, rather than dealing with it after the fact, Oud concludes.

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