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A biweekly newsletter providing up-to-date information on the latest developments in China trade policy and trade regulations

Business Alert – China



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Content provided by :  Hong Kong Trade Development Council
   
Latest update: 1 Dec 2011 - Issue 12

Leader more stories
Pilot programme of indirect tax reform announced
The Ministry of Finance (MOF) and State Administration of Taxation (SAT) have officially announced the pilot programme of indirect tax reform under which business tax is replaced by value-added tax (VAT)...


Policy and Law more stories
Resource tax reform officially launched
With the Implementation Rules for the Provisional Regulations on Resource Tax of the PRC amended and adopted jointly by the Ministry of Finance and State Administration of Taxation coming into effect ...

Three-year fee waivers for small enterprises
The state is offering yet another “gift” in its latest bid to promote the development of small and micro enterprises. In order to reduce the financial burden of small and micro enterprises and promote their ...

Supportive policies extended to small enterprises nationwide
Following the introduction of the State Council’s “Nine Measures” for small and micro enterprises and the China Banking Regulatory Commission’s (CBRC) supplemental notice on financial support to small and micro ...

Public comments sought on draft payment card regulations
The People’s Bank of China recently issued the Measures for the Administration of Payment Card Business of Payment Institutions (Draft for Comments). Under the new regulation, each registered payment card ...

SMEs face five difficulties
According to Zheng Xin, director of Small and Medium Enterprises Department under the Ministry of Industry and Information Technology (MIIT), currently small- and medium-sized enterprises (SMEs)...

Overseas IPR help centre to aid mainland firms
The Ministry of Commerce (MOFCOM) has announced its decision to set up a legal help centre to provide intellectual property right (IPR) protection services to Chinese companies that have businesses abroad...


Local Policy more stories
Pudong plans to build China's first free trade zone
Established in 1990, Shanghai’s Waigaoqiao Bonded Area was China’s first bonded area under special customs surveillance. Tax concession and trade facilitation were its winning edges...

Shandong to raise tax thresholds for small enterprises
The Shandong provincial government recently issued the Opinions on Giving Micro and Small Enterprises Increased Financial and Tax Support to Promote their Continued Healthy Development...

Hainan sets up duty free company
With the approval of the State Council, the Ministry of Finance recently examined and passed in conjunction with the Ministry of Commerce, General Administration of Customs and State Administration of Taxation ...

Shenzhen to develop two new zones
The Shenzhen city party committee and people’s government recently announced their decision to establish two new functional zones in Baoan and Longgang districts. The two new functional zones are temporarily ...

Qingdao lowers business tax for entertainment industry
Qingdao lowered its business tax for the entertainment industry as of 1 October 2011. Tax is levied in two tiers after this adjustment, with the tax rate lowered from 20% to 10% for golf and to 5% for other ...

Qingdao sets up digital publishing forum
A ceremony marking the inauguration of the Qingdao Digital Publishing Forum was recently held at the 1919 Creative Industrial Park in Qingdao. The meeting adopted the Articles of Association of the Qingdao Digital ...


Industrial Policy more stories
Nutrition labelling standards for pre-packaged foods
China’s Ministry of Health (MOH) has just passed the country’s first set of national standards for food nutrition labelling. The General Rules on the Nutrition Labels of Pre-packaged Foods (GB28050-2011) ...

Waste recycling industry slows amid sluggish economic growth
China witnessed rapid economic growth a few years before the outbreak of the global financial crisis. "China demand" pushed up the price of scrap metal worldwide, even the theft rate of sewage well covers...

Beijing to launch blacklist system for health foods and cosmetics
Beijing will set up a blacklist system for the health foods and cosmetics sectors, whereby those in serious breach of the law will be subject to key monitoring or even ordered to leave the market...

Development of strategic emerging industries given a boost
Recently, 10 ministries and commissions including the Ministry of Commerce, National Development and Reform Commission and Ministry of Science and Technology have jointly promulgated the Guiding Opinions...


Services Sector more stories
Opportunities for HK medical service providers under 12th FYP
Following Chinese vice premier Li Keqiang’s visit to Hong Kong, six policies and 36 measures in support of the city were announced. In face of the uncertain global economic outlook, the new measures announced by ...


Key to Economy and Trade more stories
80% of private enterprises find tax burden too heavy
According to the 2011 Follow-Up Survey Report on 1,000 Private Enterprises, in addition to long-standing problems like rising costs and financing difficulties, private enterprises also found the heavy tax burden ...