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Issue 06, 2004 (01 June)
 Inside PRD
Zhuhai's Economic Advantages and Opportunities
Located on the west bank of the Pearl River at its entry to the South China Sea, Zhuhai lies adjacent to Shenzhen and Hong Kong across the river to the east, and adjoins Macau over land to the south ... (full story)
 Inside YRD
Yangtze River Delta Urgently Demands Modern Logistics Services
WTO accession brings great opportunities and challenges to China's logistics industry. International shipping companies, especially shipping consortiums of the West ... (full story)
 Leader
China Readies for Pilot Reform on Agricultural Tax Exemption
With State Council approval, the Ministry of Finance, Ministry of Agriculture and State Administration of Taxation have recently decided to reduce the agricultural tax rate ... (full story)

 Policy and Law
Small Enterprise Accounting System Announced
In order to standardise the accounting practice of small-sized enterprises in China, the Ministry of Finance (MOF) has recently promulgated the "Accounting System of Small Enterprises" ... (full story)
Crackdown on VAT Violations
The State Administration of Taxation (SAT) issued two circulars on 30 April regarding its crackdown on tax-related violations, such as the issuance of fraudulent freight invoice and the production and sale of fake invoice ... (full story)

 Local Policy
Jiangmen Customs Formulates Preferential Policies for Jewellery
To enhance its logistics capability, develop into an international delivery, sourcing, warehousing, sorting, assembly and despatch centre for diamond jewellery ... (full story)
Largest Chinese Medicine R&D Base in Northwest
The China Academy of Traditional Chinese Medicine and the government of Shangluo city in Shaanxi signed two agreements in Beijing on 30 April 2004 ... (full story)

 Industrial Policy
Beijing Closely Monitors Medical Device Ads
The Beijing Drug Administration plans to establish an advertisement monitoring network covering all major media in the capital in the near future ... (full story)
Lianhua: Largest Retail Chain in China
With annual growth of 59.46% in turnover and 30% in net profit in 2003, overseas-listed Lianhua Supermarket was ranked as China's top retail chain for the 7th consecutive year ... (full story)

 Emerging Opportunities
New Trend of Taiwanese Investments in Western Region
A report compiled by the National Development and Reform Commission and the Ministry of Commerce shows that foreign investments in the western region of China are increasing in scale ... (full story)
PRD Paper Making Industry Attracts Foreign Investors
The competitive edge enjoyed by the PRD paper making industry has captured the attention of numerous foreign-invested enterprises (FIEs) ... (full story)

 WTO Accession
New Rules for Foreign Participation in Advertising
In line with China's WTO commitments, foreign companies have been allowed to own up to 70% of shares in Sino-foreign joint ventures in advertising ... (full story)

 Services Sector
Entry Threshold Lowered for AV Market
Under a newly-promulgated set of regulations as part of the initiatives under CEPA to encourage the forging of closer economic and trade ties between Hong Kong ... (full story)
Foreign Bank Offices in China
To date, 64 foreign banks from 19 countries and regions have established 192 business offices in China, the TDC has learned from the Conference ... (full story)

 Market Development
New Promotion Strategy in Guangdong Health Products Market
In Guangdong where the pharmaceuticals and health products market is fiercely competitive, a new sales approach has recently emerged whereby a customer is allowed to try out a product ... (full story)

 Key to Economy and Trade
New Rule on Foreign-invested Commercial Enterprises
The Ministry of Commerce issued on 16 April 2004 the Measures on the Administration of Foreign-invested Commercial Enterprises, which regulate foreign investments in distribution services such as wholesale ... (full story)
"Individual Foreign Trader Operators" to Emerge under New Law
China has passed amendments to its Foreign Trade Law which will take effect on 1 July 2004. Under the amended law, the scope of foreign trade operators has been drastically changed ... (full story)