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Issue 02, 2004 (01 February)
 Inside PRD
PRD Measures for Facilitating CEPA Implementation
As the Closer Economic Partnership Arrangement (CEPA) between the mainland and Hong Kong and Macau came into effect on 1 January 2004 ... (full story)
 Leader
Three Major Taxes to be Adjusted in 2004
China will speed up the reform of three major taxes in 2004, namely corporate income tax, individual income tax and value-added tax (VAT) ... (full story)

 Policy and Law
Shenzhen Clarifies Departure Date of Tax-Refundable Export Goods
Shenzhen's foreign trade and economic cooperation bureau, economic and trade bureau, customs and state taxation bureau ... (full story)
Foreign Trade Law Soon to be Revised
China is currently revising its Foreign Trade Law. The amended draft has been submitted to the National People's Congress for deliberation ... (full story)

 Local Policy
Shanghai Invites Foreign Investment in Waste Disposal
The Laogang municipal waste landfill phase IV, China's first environmental sanitation project opened for international bidding ... (full story)
Hong Kong Enterprises in Guangdong May Enjoy Tax Relief
The implementation of CEPA on 1 January 2004 has brought about a new round of Hong Kong investment in Guangdong ... (full story)

 Industrial Policy
Rules on Cross-Sectoral Operations in Financial Industry Eased
China passed the Law on Banking Supervision and Administration, and amended the Law of People's Bank of China and Law of Commercial Banks at the end of 2003 ... (full story)
Regulating Sponsorship System for Public Listing
The Provisional Measures for the Sponsorship System for Public Listings, effective on 1 February 2004 ... (full story)

 Market Development
Development Trends of Commercial Sector in 2004
Since 2004 is the last year before China fully opens its retail sector, any change in the market environment is bound to arouse the attention of domestic and foreign commercial enterprises ... (full story)

 Human Resources
Unemployment Benefits Under SOE Reform
According to the Beijing labour and social security bureau, state-owned enterprises (SOEs) are required to pay unemployment benefits to laid-off workers ... (full story)

 Key to Economy and Trade
New Economic and Trade Policies Take Effect
After the Mainland-Hong Kong Closer Economic Partnership Arrangement (CEPA) took effect on 1 January 2004 ... (full story)
New Rules and Regulations in 2004
A number of new rules and regulations came into force on 1 January 2004 ... (full story)