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English-language
Legal Hotline
For the last three years, the Beijing Bureau of Justice has offered
a phone service to foreigners in China seeking legal advice for business
and related concerns. The bureau estimates that the service has helped
more than half a million callers. This summer the service added an
English-language option. Callers can dial (010) 160-0148 during weekday
business hours.
Practical English Test for Chinese Business
Professionals
China’s WTO membership and 2008 Olympic commitments have compelled
the State Economic and Trade Commission (SETC) to create a practical
and conversational English test for Chinese business professionals
as a part of its training initiative. Testing will begin in late 2003
or early 2004.
Educational Testing Service (ETS), based in Princeton, New Jersey,
signed a $70 million contract with Beijing Topeak International Education
Investment, Co., Ltd. to provide the standardized test over the next
five years. ETS is currently responsible for managing several exams,
such as the Graduate Record Exam and the Test of English as a Foreign
Language, in China.
China Establishes Antidumping Service Centers
The Investigation Bureau of Industry Injury, under SETC, has approved
the establishment of an antidumping consulting service center under
the China Association of Automobile Manufacturers and a separate general
antidumping center in Xiamen, Fujian. The centers will conduct research
on antidumping, antisubsidy, and safeguard measures and will provide
judicial consultation and training. They will also assist in investigative
work on injury cases involving foreign imported products that are
subject to antidumping, antisubsidy, or safeguard measures, and analyze
the enforcement and impact of such cases.
Visa, MasterCard Announce Links to PRC ATM
Network
Foreign travelers to Beijing are now able to withdraw cash from more
outlets than the few Bank of China and other ATMs throughout the city.
Since June 27, Visa International Service Association has linked up
with the Industrial and Commercial Bank of China’s (ICBC) 780
Beijing ATMs. Visa also announced a link-up with China UnionPay Co.,
a for-profit PRC company launched in March to integrate China’s
disparate banking card systems into one centralized, compatible network.
MasterCard International Inc. quickly followed Visa in joining the
UnionPay network and announced that ICBC ATMs would soon accept foreign
currency cards bearing its logo.
In a related move, Visa announced that it is also planning to issue
foreign-currency, tourist debit cards later this year to Chinese citizens
through its partner Chinese banks. Chinese citizens hoping to use
the card will be required to deposit foreign currency into the debit
card account before using the card overseas. Neither of the two expanded
operations signal a relaxation of strict State Administration of Foreign
Exchange controls, as the operations do not involve conversion of
renminbi to foreign currency, a process that involves documentation
and approval.
China
Business Review, Volume 29, Number 5, September-October 2002

Copyright 1997-2008 by
The China Business Review
All rights reserved.
Last Updated: 30-Aug-02
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