CHINA IMPROVES EFFORTS AGAINST IPR INFRINGEMENTS, BETTER INVESTMENT CLIMATE FOR FOREIGNERS
A local branch of the municipal industry and commerce administration of Hangzhou, capital of east China's Zhejiang Province, is ready to join hands with the France-based luxury
goods company Louis Vuitton Malletier in preparations for the nation's first campaign against IPR (intellectual property right) infringements this year.In mid-January they will jointly launch a preliminary probe into counterfeiting on LV products in the province.
"In the move, once sale of any suspicious goods under LV brand is detected, we'll ask related staff from the French company to determine whether the commodities are shoddy goods or counterfeits. When an IPR infringement is ascertained, we'll deal with it severely," Chen Liang, deputy head of Jianggan station of the administration told Xinhua Wednesday.
Chen said that in 2010, his station detected four IPR infringements on LV brand. Involved were 1,000-odd items of commodities ranging from garments and suitcases to shoes and accessories. One of the cases involved huge amount of money and was dealt with as a criminal case. The counterfeiter concerned received a jail term of 18 months and was fined 143,274 yuan (21,708 U.S. dollars).
In December, Louis Vuitton Malletier presented Jianggan station with a silk banner inscribed with the slogan "Guard of Market" to express the company's gratitude.
The French company was not unique. Last month, another eight Fortune 500 companies, including the Sweden-based Atlas Copco Group's corporate, Caterpillar from the United States and Kabushiki Kaisha Hitachi Seisakusho and Mitsubishi Heavy Industries, Ltd. of Japan, presented horizontal inscribed boards to the Hangzhou industry and commerce administration to show their appreciation for its effective actions against IPR infringements.
HK'S TOTAL GOODS EXPORTS INCREASE 9.8% IN NOVEMBER 2010
Hong Kong saw the volume of total goods exports and imports up 9.8 percent and 8.1 percent respectively in November 2010 year-on-year, according to figures released by the Census and Statistics Department of Hong Kong Special Administrative Region's government on Tuesday.
The volume of Hong Kong's goods re-exports went up 9.8 percent in November 2010 over the same month of 2009 while domestic exports rose 12 percent, the department said.
Comparing the first 11 months of last year with the same period in 2009, the volume of total goods exports was up 19.4 percent while the volume of goods imports increased 19.8 percent. The volume of Hong Kong's goods re-exports rose 19.5 percent while that of domestic exports rose 15.5 percent.
Comparing November 2010 with November 2009, the prices of goods re-exports increased 6.7 percent while that of domestic exports increased 6.5 percent.
The total export volume to the Chinese mainland, the United States and Japan rose 11 percent, 10.7 percent and 4.6 percent respectively.
CHINA, U.S. BUSINESSES SIGN 600 MILLION - DOLLAR DEALS AHEAD OF HU'S VISIT
Chinese and U.S. businesses Monday signed six agreements worth of 600 million U.S. dollars in Texas, one day ahead of Chinese President Hu Jintao's state visit to the United States.
The agreements were signed during a visit to Texas by the Chinese business delegation led by vice commerce minister Wang Chao.
The deals include two cotton import agreements, an agreement on import of CKD kits, an agreement on development and application of efficient crystalline silicon solar cells and
PV generation system, a porcelain product import agreement, and a MOU between the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) and the Greater Houston Partnership, the primary advocate of Houston's business community.
Posted By: DAVID JOHNSON
Sunday, January 23rd 2011 at 11:11PM
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