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Business Alert – China



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Content provided by : Hong Kong Trade Development Council
Latest update: 1 May 2009 - Issue 05

Leader

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NDRC Considers Policy Promoting Private Enterprise Investment
In the midst of the current financial crisis, the relevant departments are revising the Catalogue of Investment Projects Approved by the Government and are considering formulating a policy to bolster investment by private enterprises...


Policy and Law

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Local Governments All Out to Achieve 8% Growth
After the close of the NPC and CPPCC sessions recently, local governments have been escalating their efforts in “maintaining 8% growth”. Beijing, Shanghai, Tianjin and Chongqing – the four municipalities directly under the central government – are striving to stay ahead in the race...

Four Measures to Support New Energy Car
At the China Auto Innovation Forum held in Shanghai on 18 April, Minister of Science and Technology Wan Gang disclosed that the Ministry of Science and Technology (MOST) will introduce four measures to strengthen its support for new energy cars...

Rmb100 billion to Speed up Yellow River Delta Development
Against the backdrop of the financial crisis, regional economy is overtaking industry to become the engine driving China’s economic development. In addition to invigorating industry, the central government is also using regional economy as a new way of thinking in promoting economic growth...

Over 60% Goods Enjoy Zero Tariffs under China- ASEAN FTA
At a recent press briefing held by the Ministry of Commerce (MOFCOM), it was revealed that through lowering and lifting tariffs on a reciprocal basis and further liberalising the services and investment sectors, a win-win situation has been achieved between China and the trading partners concerned...

SAIC Calls for Setting up Sound Food Safety Supervision Systems
To fully implement food safety regulations, the State Administration for Industry and Commerce (SAIC) calls on the industry and commerce administration department in all localities to set up six food safety supervision systems in a move ...

Streamlining Export VAT Rebate Processing System
To tackle the worsening international financial crisis, promote the healthy development of China's exports, and optimise tax rebate service, the State Administration of Taxation (SAT) has made a decision to streamline the export VAT rebate...


Local Policy

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Dongguan Supports Enterprises in Coping with Global Financial Crisis
For the purpose of giving scope to the functions of social insurance, easing the burden of enterprises, stabilising the employment situation and actively coping with the global financial crisis, the social security bureau, labour bureau, finance bureau and local taxation bureau of Dongguan jointly issued a circular on certain questions ...

Jiangmen Customs Cooperates with Enterprises in Fighting Economic Predicament
In November 2008, the General Administration of Customs (GAC) introduced 10 measures to expand domestic demand and boost economic growth. The measures include providing customs clearance facilitation to the largest extent and supporting processing trade enterprises...

Guangdong Helps Processing Trade Enterprises Sell Goods on Domestic Market
The financial crisis has quite a serious impact on the 70,000-plus processing trade enterprises in Guangdong. In order to positively address the crisis and take the initiative into its own hands, the government of Guangdong is doing everything to help processing trade enterprises expand domestic sales...

Shanghai Expedites Construction of Financial Cluster on the Bund
To support and coordinate the construction of Shanghai into an international financial centre and international shipping centre, the Huangpu district in Shanghai has recently launched 10 measures to expedite the building of a financial cluster on the Bund...

Shaanxi Helps Foreign Trade Enterprises Tide Over Difficulties
In conjunction with the provincial department of finance, the Shaanxi provincial department of commerce has recently announced the following nine measures in the light of actual conditions to cope with the global financial crisis and help enterprises tide over difficulties...


Industrial Policy

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AQSIQ Reminds Chinese Enterprises to Observe New EU Directive on Toy Safety
The European Parliament recently adopted the draft of a new directive on toy safety. In other words, it was revising the existing legislation on toy safety published by the European Parliament just a little more than a year ago on 25 January 2008. In this connection, China’s quality supervision...

China Offers Further Tax Concessions to Cultural Establishments
The Ministry of Finance, General Administration of Customs and State Administration of Taxation have recently issued in their joint names a circular on some tax policies for the conversion of operational cultural institutions into cultural enterprises and a circular on some tax policies in support of the development of cultural enterprises...


Services Sector

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Hong Kong and Macau Doctors Can Now Sit for Mainland Qualifying Exams
The Ministry of Health recently announced the Administrative Measures for Medical Practitioners of the Hong Kong and Macau Special Administrative Regions to Obtain Mainland Medical Practitioner Qualifications Through Accreditation and the Administrative Measures for Medical Practitioners of Taiwan...


Market Development

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Rapid Development of Chain Retailing Brands in Xian
According to the Xian Chain Store and Franchise Association, there are currently 119 chain-operated enterprises and 1,857 chain-operated outlets in Xian, covering 23 sectors. Annual sales volume amounts to Rmb12.5 billion and has registered increases of over 30% for four consecutive years...

UAE Overtakes US as Biggest Importer of Yiwu Goods
According to the latest figures published by the industry and commerce administration bureau of Yiwu city, market turnover between January and March this year reached Rmb11.306 billion, an increase of 14.17% year-on-year. Turnover of the China Small Commodities City alone amounted to Rmb7.737 billion, an increase of 7.56% year-on-year...


Management Skills

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Opportunity for Export-oriented Factories to Launch Domestic Sale
Export-oriented manufacturers facing a sudden drop in orders face their biggest test in the current financial crisis, but retailers are ready to compromise to cope with the situation. A group of supermarket chain operators from interior provinces recently visited Dongguan. They were infuriated when they saw a foreign trade warehouse with goods piled up to the roof...


Human Resources

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Guangzhou Slashes Social Insurance Premiums to Save Jobs
Guangzhou’s labour and social security bureau recently announced its decision to cut medical and work injury insurance premiums between 1 May and 31 December this year to combat the financial crisis, support the development of enterprises and save jobs...


Key to Economy and Trade

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PRD Seeks to Overtake South Korea in GDP by 2020
The party committee and government of Guangdong recently kicked off the implementation of the Outline Programme for Reform and Development of the Pearl River Delta (PRD). In 2009, the first year for the implementation of the Outline Programme, the PRD will take the lead to overcome the impact of the global financial crisis...