Today, I received a copy of the new National Standard Bibliographic Description -- Part 1: General, published by Standards Press of China in January 2010.
It is based on ISBD(G) and ISBD Preliminary Consolidated Edition.
The Working Group for the Standard consists of four members:
HU Guangxiang (Chair) (Chinese Academy of Social Sciences),
LIU Xiaoling (National Library of China),
GU Ben (National Library of China) and
SHEN Zhenghua (Peking Universityy Library)
However, the new Standard is also controversial. Some experts think that there is no need for such a counterpart of ISBD(G), because we have already the ISBD Consolidated Edition.