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Issue 04, 2003 (01 April)
 Inside PRD
Seeking Greater Participation in Legal Service Sector
China's interaction with the international business community has increased significantly since its accession to the World Trade Organisation (WTO) ... (full story)
 Leader
Individual Income Tax Collection to be Tightened Across the Board
China will soon introduce a series of measures to tighten its grip on tax-evading individuals ... (full story)
Tax Dodging Enterprises Under Close Monitor
The Measures for Handling Enterprise Income Tax Concerning Debt Restructuring promulgated by the State Administration of Taxation (SAT) went into effect on 1 March 2003 ... (full story)

 Policy and Law
Provisional M&A Rules Take Effect in April
In recent years, foreign investment in the form of merger and acquisition (M&A) has been on the increase in China ... (full story)
Drafting of Unified Enterprise Income Tax Completed
According to the Ministry of Finance, unification of the enterprise income tax rates is the most important reform on the agenda this year for which a draft has already been completed. ... (full story)

 Local Policy
Wenzhou Pioneers China's Financial System Reform
With the approval of the People¡¯s Bank of China (PBOC), an experimental plan of financial system reform, the first of its kind in China, was launched in Wenzhou ... (full story)
Hangzhou Liberalises Social Investment Projects
As the Provisional Measures on the Management of Social Fixed Assets Investment Projects in Hangzhou became effective on 1 March ... (full story)

 Industrial Policy
China to Issue Regulations on Cultural Agent Administration
The Measures on the Administration of Cultural Agents will be issued and implemented soon. Jointly formulated by the Ministry of Culture and State Administration for Industry and Commerce ... (full story)
Six Toxic Substances Banned from Electronic Products
According to a new rule soon to be promulgated, electronic information product manufacturers must take measures to reduce the use of toxic and harmful substances in production from 1 July 2003 ... (full story)

 Emerging Opportunities
Market Trend of Electronic Products
The Ministry of Information Industry recently published a market projection and analysis report on major electronic information products for 2003, predicting that popular products will continue to enjoy stable growth this year ... (full story)
Education Market Has Great Potential
In view of increasing spending on education by China’s urban residents, the potential of the education market is great ... (full story)

 2008 Olympics
Beijing to Build Olympics Logistics Network
The Beijing municipal government has proposed the blueprint for three key logistics projects for the 2008 Olympics ... (full story)

 SOE Reform
New Commission for Managing State Assets
The new State Assets Management Commission (SAMC) is the product of government shakeup approved by the National People’s Congress in March this year ... (full story)

 Key to Economy and Trade
Impact of New Ministry of Commerce on Enterprises and Foreign Investment
A new Ministry of Commerce (MOC) was created in the recent reshuffle of the State Council to bring domestic and foreign trade under the management of a single authority ... (full story)
Capital Flight Shows Downward Trend
China's foreign exchange reserves now exceed US$300 billion. This was disclosed on 5 March by Guo Shuqing, vice governor of the People's Bank of China (PBOC) ... (full story)