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Issue 05, 2003 (01 May)
 Inside PRD
Opportunities for Hong Kong in Accounting Sector
As China's economy becomes more market-driven and internationalised following its WTO accession, various intermediary services, including accounting, tax consultancy and management consulting ... (full story)
 Leader
Urban Construction Market to Open Up
Urban public utilities have always been government monopolies in the mainland, but China plans to end its monopoly and open the sector to all investors ... (full story)

 Policy and Law
Systemic Management of Non-Trade Forex Sales and Payments
A circular on issues relating to non-trade sales and payments of foreign exchange not specified in existing laws and regulations released by the State Administration of Foreign Exchange ... (full story)
Deadline for Compulsory Commodity Certification Postponed to August
Due to unexpected external circumstances, China has decided to postpone the deadline for the implementation of its new mandatory product certification system ... (full story)

 Local Policy
Public Tender for Government Procurement over Rmb500,000 in Guangzhou
Following the implementation of the Government Procurement Law on 1 January 2003, the Guangzhou municipal government has recently provided that any procurement of goods ... (full story)
Beijing Implements Expedited Export Inspection on Trial Basis
Starting April 2003, the Beijing Entry-Exit Inspection and Quarantine Bureau has streamlined the customs clearance procedure for certain exports ... (full story)

 Industrial Policy
US to Impose Registration and Prior Notification Requirements on Imported Food
In response to the US proposed requirements on the registration of food enterprises and notification to Food and Drug Administration (FDA) ... (full story)
New Legislation to Regulate Sino-foreign Joint Venture Schools
In a bid to further open its education sector and in keeping with its WTO commitment to allow foreign access, the State Council has recently promulgated the Regulations on Sino-Foreign Joint Venture Schools ... (full story)

 Business Opportunities
Public Relations Sector Grosses Rmb2.5 Billion in 2002
China's public relations (PR) sector grossed Rmb2.5 billion last year, according to the 2002 Trade Survey Report on China's PR Industry ... (full story)

 Human Resources
General Survey of Salaries in Major Cities
According to the latest salary index for mainland professionals, their average annual income exceeds Rmb38,000, 1.3% higher than in the previous survey ... (full story)
Overtime Pay Negotiable in Shanghai Under New Rules
Under the newly promulgated Measures for Payment of Wages in Shanghai Enterprises, employees can negotiate holiday arrangements ... (full story)

 Western Express
Xian Enacts Development Zone Regulations
Xian recently published its development zones regulations, which became effective on 1 May 2003. The new legislation features two major breakthroughs ... (full story)
Chengdu Introduces Measures to Improve Market Order
The Chengdu Municipal Bureau of Quality and Technical Supervision has introduced 10 measures to improve the city's market economic order ... (full story)

 Emerging Opportunities
Residents in Beijing and Guangzhou Prefer Colour Monitor Phones
In Beijing and Guangzhou, 60.8% consumers hoped to buy a mobile phone with a colour screen, the latest survey by SINOTRUST Marketing Research & Consulting found ... (full story)

 2008 Olympics
Tax Breaks for 2008 Olympic Projects
With State Council approval, the Ministry of Finance, State Administration of Taxation and General Administration of Customs have issued a Circular on the Policy of Taxation for the 29th Olympic Games ... (full story)