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Issue 04, 2004 (01 April)
 Inside PRD
Guangzhou Services Sector Brings Opportunities
Economic and trade ties between Hong Kong and Guangzhou have been close over the past two decades. With the implementation of CEPA, the scope for cooperation is set to expand further ... (full story)
 Inside YRD
Adult Education Market Has Enormous Potential in YRD
As China further liberalises its education market in recent years, restrictions on foreign participation are being gradually relaxed ... (full story)
 Leader
First Legislation on Foreign-Invested Direct Sales Tipped to Come Out Soon
According to sources, the Chinese government is considering introducing legislation on direct sales. Under the Provisional Rules on the Establishment of Foreign-Invested Direct Sales Companies ... (full story)

 Policy and Law
Haphazard Development Zones to be Abolished
A "top urgent" joint circular issued recently by four ministries set out the detailed guidelines for rectifying development zones established at all levels in the country ... (full story)
MOF Bans Unauthorised Tax Incentives
Finance minister Jin Renqing said the Ministry of Finance (MOF) aims to achieve the state budget targets for 2004 by strengthening efforts in four areas ... (full story)

 Local Policy
Guangzhou to Adopt More Relaxed Policies on FIEs
The development zone sub-bureau of the Guangzhou Administration for Industry and Commerce recently revealed that they would permit changes to the names of foreign-invested enterprises (FIEs) in the Guangzhou development zone ... (full story)
Guangzhou IT Sector Leads in 11 Indicators
According to the Guangzhou Informatisation Office, the results of a recent national survey showed that Guangzhou surpassed Shanghai in 11 out of 15 indicators ... (full story)

 Industrial Policy
China's Automobile Industry to Implement Product Recall Scheme
Following the promulgation of the Regulations for the Administration of the Recall of Defective Automobile Products on 15 March, implementation will start on 1 October ... (full story)
Abolition of Car Import Quota System in 2005
Wei Jianguo, vice minister of commerce and director of the state electromechanical products import and export office ... (full story)

 Emerging Opportunities
Beijing Welcomes the Entry of Hong Kong Retailers
A spokesman of Beijing's bureau of commerce, Yan Ligang, said on 26 March that Beijing welcomes Hong Kong retailers to enter the local market in three ways under the CEPA framework ... (full story)
Output of Environmental Protection Industry to Breakthrough Rmb200 Billion in 2004
Following China's rapid economic development, the issue of environmental protection has become increasingly important, giving rise to enormous business opportunities in the sector ... (full story)

 Services Sector
Ban on Foreign Investment in TV and Film Production Companies to be Lifted
Starting from December 2004, foreign investors will be able to form equity joint ventures with domestic television and film production companies ... (full story)
CBRC Promulgates Measures on Supervising Foreign-Invested Banks
The China Banking Regulatory Commission (CBRC) has recently promulgated the Administrative Measures on the Supervision of Consolidated Accounts of Foreign-invested Banks ... (full story)

 Business Opportunities
Modern Enterprises Lease Equipment to Do Big Business
Leasing as a means of commodities circulation has long been regarded as an indicator of the degree of buoyancy of a country's market economy ... (full story)

 Key to Economy and Trade
Guangdong Goods Suspected to be Sold in CEPA Hong Kong City
In response to complaints from customers that fake "Hong Kong products" were sold at CEPA Hong Kong City in Guangzhou ... (full story)