Widerwds14.Pdf

Total Page:16

File Type:pdf, Size:1020Kb

Widerwds14.Pdf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È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
Recommended publications
  • China's Urbanization, Social Restructure and Public
    Graduate Journal of Asia-Pacific Studies 9:1 (2014) 55-77 Articles China’s Urbanization, Social Restructure and Public Administration Reforms: An Overview Xiaoyuan Wan University of Sheffield [email protected] Abstract This paper provides a review of the broad process of China’s urbanization and the urban public administration reform since the 1978 reforms, with a focus on the changing public policies in the realms of employment, housing, social insurance and the devolution of government authority. It suggests that the main government rationale of the public administration system reforms was to hand over a part of public services which used to be delivered by the central government and state-owned enterprises (SOEs), to local governments and to devolve a part of responsibility to the private sector, the social sector and individuals. According to these reforms, most of the social services, which could only be enjoyed by the employees of the SOEs were handed over to grassroots governments and aimed to cover more urban population. But at the same time, individuals had to take on more responsibilities of their careers choice and fund part of their own social welfare. This paper concludes by suggesting that with proliferating literature on China’s social and economic transition, further study should be carried out to explore the implementation of the reformed urban public policies by local governments and special concern should be given to the participation of non-government actors in China’s public administration. Introduction SINCE THE LATE 1970S, a series of economic reforms have been driving China to step away from a rigid socialism to a more open and diverse society, in which the urban economy developed at a tremendous speed and played an increasingly important role in the national economy.
    [Show full text]
  • Doing Business in China
    Doing Business In China DOING BUSINESS IN CHINA INTRODUCTION On January 1, 2020, the Foreign Investment Law of the People’s Republic of China and its implementing regulations became effective, ending an era of thirty years during which foreign investment in China was dominated by a series of legislations specifically formulated for foreign-invested enterprises (“FIEs”). This paper provides in detail the evolution of the Chinese legal system with particular emphasis on an up-to-date overview of the current status of the law, policy, and practice relating to foreign investment in the People’s Republic of China (“PRC” or “China”, which, for purposes of this paper, excludes the Hong Kong Special Administrative Region, the Macao Special Administrative Region, and Taiwan). This paper also discusses the relevant considerations involved in choosing the form of doing business in China, identifies major issues confronting potential foreign investors, and presents the legal requirements and practical issues associated with various methods of investment from establishment to exit. Doing Business In China TABLE OF CONTENTS CHAPTER 1 PRC LEGAL SYSTEM AND JUDICIARY .............................................. 1 1.1 PRC Legal System ................................................................................................................. 1 1.2 PRC Judiciary ........................................................................................................................ 1 CHAPTER 2 FOREIGN INVESTMENT LEGAL REGIME ........................................
    [Show full text]
  • Japan's Security Relations with China Since 1989
    Japan’s Security Relations with China since 1989 The Japanese–Chinese security relationship is one of the most important vari- ables in the formation of a new strategic environment in the Asia-Pacific region which has not only regional but also global implications. The book investigates how and why since the 1990s China has turned in the Japanese perception from a benign neighbour to an ominous challenge, with implications not only for Japan’s security, but also its economy, role in Asia and identity as the first devel- oped Asian nation. Japan’s reaction to this challenge has been a policy of engagement, which consists of political and economic enmeshment of China, hedged by political and military power balancing. The unique approach of this book is the use of an extended security concept to analyse this policy, which allows a better and more systematic understanding of its many inherent contradictions and conflicting dynamics, including the centrifugal forces arising from the Japan–China–US triangular relationship. Many contradictions of Japan’s engagement policy arise from the overlap of military and political power-balancing tools which are part of containment as well as of engagement, a reality which is downplayed by Japan but not ignored by China. The complex nature of engagement explains the recent reinforcement of Japan’s security cooperation with the US and Tokyo’s efforts to increase the security dialogues with countries neighbouring China, such as Vietnam, Myanmar and the five Central Asian countries. The book raises the crucial question of whether Japan’s political leadership, which is still preoccupied with finding a new political constellation and with overcoming a deep economic crisis, is able to handle such a complex policy in the face of an increasingly assertive China and a US alliance partner with strong swings between engaging and containing China’s power.
    [Show full text]
  • Overview Law of the People's Republic of China on Enterprise
    Restructuring & Insolvency Asia Pacific CHINA Law of the People’s Republic of China on Enterprise Bankruptcy Introduction Overview The bankruptcy regime was a major milestone for China. For the first time in its history, China now has a unified and comprehensive On 27 August 2006, the bankruptcy system covering all types of enterprises, including foreign Standing Committee of investment vehicles and state-owned enterprises. the 10th National People’s Similar to many jurisdictions, the bankruptcy regime uses key concepts Congress of the People’s such as: Republic of China (PRC) promulgated the Law Voluntary and involuntary bankruptcy; of the People’s Republic An independent administrator; of China on Enterprise Involvement of creditors in the administration of the bankruptcy; Bankruptcy (Bankruptcy Law), which came into Restructuring and settlement; force on 1 June 2007. Extraterritoriality, allowing property outside China and certain foreign proceedings to fall within the regime; Voidable transactions; and Ratable distribution. A significant feature of the legislation relates to the protection of workers’ rights. The regime ranks employees ahead of other unsecured creditors but behind secured creditors, who retain their priority over secured assets. Applicable legislation The administrator reports to the People’s Court and is supervised by the creditors’ meeting and The Bankruptcy Law, which consists of 136 the creditors’ committee. The creditors’ meeting articles organized into 12 chapters, applies to has the ability to replace the administrator or all types of insolvent enterprises, whether to seek his removal should he fail in performing state-owned or privately owned, and includes his duties in a lawful and impartial manner, foreign investment enterprises and financial or if the creditors’ meeting deems there institutions.
    [Show full text]
  • Chinese Trademark Approval Procedure Is a Trademark Protection Safeguard Or Another National Protectionism?
    THE JOHN MARSHALL REVIEW OF INTELLECTUAL PROPERTY LAW EXPLORING APPLE’S IPAD TRADEMARK BLUNDER: CHINESE TRADEMARK APPROVAL PROCEDURE IS A TRADEMARK PROTECTION SAFEGUARD OR ANOTHER NATIONAL PROTECTIONISM? ARTHUR TAN-CHI YUAN ABSTRACT It is well-reported that Apple’s iPad® product embodies technological advances that are protected by U.S. and foreign patents. One would also assume that it is protected by trademarks in various jurisdictions, including China. However, to this day, Apple struggles to prefect its iPad trademark rights in China, the second largest economy in the world. While the Chinese trademark registration approval process is different from that in U.S. practice, this approval step is essential to every international corporation doing business in China. This article explains where Apple may have overlooked this step in the overall trademark registration process in China and how other corporations should avoid the same. The article further examines the basis behind this process and explains that the underlying reasoning is not too difficult for non-Chinese jurisdictions to understand and appreciate. This “approval” process under the Chinese trademark implementing regulations is critical and vital to eliminating unnecessary legal disputes as well as securing long- term success in the protection of trademark rights in China. Copyright © 2012 The John Marshall Law School Cite as Arthur Tan-Chi Yuan, Exploring Apple’s iPad Trademark Blunder: Chinese Trademark Approval Procedure Is a Trademark Protection Safeguard or Another National Protectionism?, 11 J. MARSHALL REV. INTELL. PROP. L. 777 (2012). EXPLORING APPLE’S IPAD TRADEMARK BLUNDER: CHINESE TRADEMARK APPROVAL PROCEDURE IS A TRADEMARK PROTECTION SAFEGUARD OR ANOTHER NATIONAL PROTECTIONISM? ARTHUR TAN-CHI YUAN INTRODUCTION ...............................................................................................................
    [Show full text]
  • Chinese Communists and Rural Society, 1927-1934
    Center for Chinese Studies • CHINA RESEARCH MONOGRAPHS UNIVERSITY OF CALIFORNIA, BERKELEY NUMBER THIRTEEN CHINESE COMMUNISTS AND RURAL SOCIETY, 1927-1934 PHILIP C. C. HUANG LYNDA SCHAEFER BELL KATHY LEMONS WALKER Chinese Communists and Rural Society, 1927-1934 A publication of the Center for Chinese Studies University of California, Berkeley, California 94720 Cover Colophon by Shih-hsiang Chen Center for Chinese Studies • CHINA RESEARCH MONOGRAPHS UNIVERSITY OF CALIFORNIA, BERKELEY NUMBER THIRTEEN CHINESE COMMUNISTS AND RURAL SOCIETY, 1927-1934 PHILIP C. C. HUANG LYNDA SCHAEFER BELL KATHY LEMONS WALKER Although the Center for Chinese Studies is responsible for the selection and acceptance of monographs in this series, respon­ sibility for the opinions expressed in them and for the accuracy of statements contained in them rests with their authors. © 1978 by the Regents of the Universit y of California ISBN 0-912966-18-1 Library of Congress Catalog Number 78-620018 Printed in the United States of America $5.00 Contents INTRODUCTION ......... ........... .. .. ..... Philip C. C. Huang INTELLECTUALS, LUMPENPROLETARIANS, WORKERS AND PEASANTS IN THE COMMUNIST MOVEMENT.................. 5 Philip C. C. Huang AGRICULTURAL LABORERS AND RURAL REVOLUTION . 29 Lynda Schaefer Bell THE PARTY AND PEASANT WOMEN 57 Kathy LeMons Walker A COMMENT ON THE WESTE RN LITERATURE. 83 Philip C. C. Huang REFERENCES . 99 GLOSSARY . .. .......... ................. .. .. 117 LIST OF MAPS I. Revolutionary Base Areas and Guerilla Zones in 1934 2 II. The Central Soviet Area in 1934 . 6 III. Xingguo and Surrounding Counties......... .. 10 1 The Jiangxi Period : an Introduction Philip C. C. Huang The Chinese Communist movement in its early years was primarily urban-based.
    [Show full text]
  • Continuing Economic Reform in the People's Republic of China: Bankruptcy Legislation Leads the Way Shirley S
    Hastings International and Comparative Law Review Volume 19 Article 7 Number 4 Summer 1996 1-1-1996 Continuing Economic Reform in the People's Republic of China: Bankruptcy Legislation Leads the Way Shirley S. Cho Follow this and additional works at: https://repository.uchastings.edu/ hastings_international_comparative_law_review Part of the Comparative and Foreign Law Commons, and the International Law Commons Recommended Citation Shirley S. Cho, Continuing Economic Reform in the People's Republic of China: Bankruptcy Legislation Leads the Way, 19 Hastings Int'l & Comp. L. Rev. 739 (1996). Available at: https://repository.uchastings.edu/hastings_international_comparative_law_review/vol19/iss4/7 This Note is brought to you for free and open access by the Law Journals at UC Hastings Scholarship Repository. It has been accepted for inclusion in Hastings International and Comparative Law Review by an authorized editor of UC Hastings Scholarship Repository. For more information, please contact [email protected]. Continuing Economic Reform in the People's Republic of China: Bankruptcy Legislation Leads the Way By SHIRLEY S. CHO: I. Introduction Critics view the 1986 Enterprise Bankruptcy Law (the -Bank- ruptcy Law") of the People's Republic of China (P.R.C.) as an ineffec- tive piece of legislation passed more for symbolic ends than as a means to deal with systemic economic problems plaguing China.' However, the Bankruptcy Law has proven to be one of the most piv- otal pieces of legislation in modem Chinese history. The Bankruptcy Law, has served as the main impetus for wide- reaching reform in all major sectors of the Chinese economy.2 New regulations have ranged from the implementation of a national social 3 4 unemployment insurance system to a contract employment system, which fundamentally alters the structure of employer-employee rela- tions in China.
    [Show full text]
  • Resolving Corporate Insolvencies in China: the Gap Between Law and Reality
    University of Miami International and Comparative Law Review Volume 27 Issue 2 Spring 2020 Article 9 7-7-2020 Resolving Corporate Insolvencies in China: the Gap Between Law and Reality Dr. Zhang Zinian University of Leeds Follow this and additional works at: https://repository.law.miami.edu/umiclr Part of the Bankruptcy Law Commons, and the Comparative and Foreign Law Commons Recommended Citation Dr. Zhang Zinian, Resolving Corporate Insolvencies in China: the Gap Between Law and Reality, 27 U. Miami Int’l & Comp. L. Rev. 370 () Available at: https://repository.law.miami.edu/umiclr/vol27/iss2/9 This Article is brought to you for free and open access by the Journals at University of Miami School of Law Institutional Repository. It has been accepted for inclusion in University of Miami International and Comparative Law Review by an authorized editor of University of Miami School of Law Institutional Repository. For more information, please contact [email protected]. Resolving Corporate Insolvencies in China: The Gap Between Law and Reality Dr Zhang Zinian* I. INTRODUCTION ............................................................................... 371 II. HISTORIC DEVELOPMENT OF BANKRUPTCY LAW IN CHINA ......... 371 III. MAJOR FEATURES OF THE CHINA ENTERPRISE BANKRUPTCY LAW OF 2006 ................................................................................. 374 IV. THE THREE CORPORATE INSOLVENCY PROCEDURES UNDER THE EBL 2006 ................................................................................ 380 a. The Reorganization Procedure under the EBL 2006 ............... 381 b. The Composition Procedure under the EBL 2006 ................... 385 c. The Liquidation Procedure under the EBL 2006 ..................... 389 V. CONCLUSION .................................................................................. 394 Abstract This article examines how corporate insolvencies in China, the second largest economy, are handled under the current legislation, the China Enterprise Bankruptcy Law of 2006.
    [Show full text]
  • A-570-053 Investigation Public Document E&C VI: MJH/TB MEMORANDUM FOR: Gary Taverman Deputy Assistant Secretary for Antid
    A-570-053 Investigation Public Document E&C VI: MJH/TB MEMORANDUM FOR: Gary Taverman Deputy Assistant Secretary for Antidumping and Countervailing Duty Operations, performing the non-exclusive functions and duties of the Assistant Secretary for Enforcement and Compliance THROUGH: P. Lee Smith Deputy Assistant Secretary for Policy and Negotiations James Maeder Senior Director, performing the duties of the Deputy Assistant Secretary for AD/CVD Operations Robert Heilferty Acting Chief Counsel for Trade Enforcement and Compliance Albert Hsu Senior Economist, Office of Policy FROM: Leah Wils-Owens Office of Policy, Enforcement & Compliance DATE: October 26, 2017 SUBJECT: China’s Status as a Non-Market Economy Contents EXECUTIVE SUMMARY ............................................................................................................ 4 INTRODUCTION AND BACKGROUND ................................................................................... 8 SUMMARY OF COMMENTS FROM PARTIES......................................................................... 9 ANALYSIS ................................................................................................................................... 11 Factor One: The extent to which the currency of the foreign country is convertible into the currency of other countries. .......................................................................................................... 12 A. Framework of the Foreign Exchange Regime ................................................................ 12
    [Show full text]
  • The Literary Field of Twentieth-Century China Chinese Worlds
    The Literary Field of Twentieth-Century China Chinese Worlds Chinese Worlds publishes high-quality scholarship, research monographs, and source collections on Chinese history and society from 1900 into the next century. "Worlds" signals the ethnic, cultural, and political multiformity and regional diversity of China, the cycles of unity and division through which China's modern history has passed, and recent research trends toward regional studies and local issues. It also signals that Chineseness is not contained within territorial borders - overseas Chinese communities in all countries and regions are also "Chinese worlds". The editors see them as part of a political, economic, social, and cultural continuum that spans the Chinese mainland, Taiwan, Hong Kong, Macau, South-East Asia, and the world. The focus of Chinese Worlds is on modern politics and society and history. It includes both history in its broader sweep and specialist monographs on Chinese politics, anthropology, political economy, sociology, education, and the social-science aspects of culture and religions. The Literary Field of New Fourth Army Twentieth-Century China Communist Resistance along the Edited by Michel Hockx Yangtze and the Huai, 1938-1941 Gregor Benton Chinese Business in Malaysia Accumulation, Ascendance, A Road is Made Accommodation Communism in Shanghai 1920-1927 Edmund Terence Gomez Steve Smith Internal and International Migration The Bolsheviks and the Chinese Chinese Perspectives Revolution 1919-1927 Edited by Frank N. Pieke and Hein Mallee Alexander
    [Show full text]
  • Chinese Bankruptcy Law Thesis 30 September
    TWELVE YEARS TO SHARPEN ONE SWORD, BUT CAN IT CUT? DOES CHINA’S NEW BANKRUPTCY LAW PROVIDE ADEQUATE PROTECTION FOR FOREIGN CREDITORS? Submitted by Jason Corbett LLB, LLM A thesis submitted in total fulfilment of the requirements for the degree of Doctor of Juridical Science School of Law Faculty of Law and Management La Trobe University Bundoora, Victoria 3086 Australia October 2010 TABLE OF CONTENTS TABLE OF CONTENTS....................................................................................................1 LIST OF FIGURES ............................................................................................................6 LIST OF TABLES..............................................................................................................6 ABBREVIATIONS ............................................................................................................7 ABSTRACT........................................................................................................................8 STATEMENT OF AUTHORSHIP ....................................................................................9 ACKNOWLEDGEMENTS..............................................................................................10 1. INTRODUCTION ........................................................................................................11 1.1 Introduction.............................................................................................................11 1.2 Methodology ...........................................................................................................12
    [Show full text]
  • Criminal Liability for Labor Safety Violations in the People's Republic of China
    Washington University Global Studies Law Review Volume 3 Issue 2 Chinese Anti-Monopoly Law January 2004 Criminal Liability for Labor Safety Violations in the People's Republic of China John Balzano Washington University School of Law Follow this and additional works at: https://openscholarship.wustl.edu/law_globalstudies Part of the Comparative and Foreign Law Commons, Criminal Law Commons, and the Labor and Employment Law Commons Recommended Citation John Balzano, Criminal Liability for Labor Safety Violations in the People's Republic of China, 3 WASH. U. GLOBAL STUD. L. REV. 503 (2004), https://openscholarship.wustl.edu/law_globalstudies/vol3/iss2/17 This Note is brought to you for free and open access by the Law School at Washington University Open Scholarship. It has been accepted for inclusion in Washington University Global Studies Law Review by an authorized administrator of Washington University Open Scholarship. For more information, please contact [email protected]. CRIMINAL LIABILITY FOR LABOR SAFETY VIOLATIONS IN THE PEOPLE’S REPUBLIC OF CHINA I. INTRODUCTION China’s workers have fallen on hard times.1 In the Peoples Republic of China’s (PRC’s) new socialist market economy State-owned enterprises, which currently employ about sixty percent of the urban population, have been forced to lay off workers to compete with the emerging private sector and international conglomerates.2 China scholars have recently devoted much attention to the sad state of Chinese workers, telling tales of inefficient social insurance and rampant unemployment.3 Some scholars have found it almost impossible to count the numbers of urban unemployed in the world’s most populous nation.4 Moreover, to add injury to insult, there are problems inside the factory as well.
    [Show full text]