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Issue 07, 2004 (01 July)
 Inside PRD
Foshan Capitalises on City Cluster Development
Lying in the hinterland of the PRD region, Foshan is forming a prosperous city cluster with Guangzhou which is set to become the leading cluster in the PRD ... (full story)
 Inside YRD
Bright Prospects for Foreign Design Companies in YRD
The design industry covers many service sectors. According to the Industrial Classification of National Economic Activities published by the State Council in 2002 ... (full story)
 Leader
New Regulations for Export Tax Rebate
(Exemption)
The State Administration of Taxation recently issued a circular on the administration of export tax rebate (exemption), stipulating that as of 1 June new measures will apply ... (full story)
Less Than 20% of Export Rebates Claimed in Shenzhen
Export enterprises in Shenzhen must make haste to claim export rebates. If application is not submitted in time, the goods exported will be taxed as goods for domestic sales ... (full story)

 Policy and Law
Tax-Control Cash Registers Mandatory for Enterprises
The State Administration of Taxation (SAT), Ministry of Finance, Ministry of Information Industry and General Administration of Quality Supervision ... (full story)
Control Over Capital Accounts Eased
China is working on ways to ease restrictions on capital accounts from three respects, says Ma Delun, deputy director of the State Administration of Foreign Exchange (SAFE) ... (full story)

 Local Policy
24-Hour Customs Clearance at Baiyun Airport
With the new Guangzhou Baiyun International Airport about to officially commence operation, the city's customs authorities have planned to introduce 12 new services ... (full story)
Shanghai Group Expands North
In a bid to accelerate the implementation of its national market development strategies, upgrade the quality of its development and address problems encountered in its development process ... (full story)

 Industrial Policy
Revised Automotive Industry Policy Affects Distribution Network
The revised Policy on the Development of the Automotive Industry released in June 2004 sets out to regulate car dealers including agents operating outside the mainland ... (full story)
New Rule on Hazardous Wastes Takes Effect on 1 July
The recently promulgated Measures for the Administration of Hazardous Wastes Operation Licence took effect on 1 July 2004 ... (full story)

 Emerging Opportunities
Hong Kong Businesses to Participate in Shanghai World Expo
Estimated to cost over Rmb30 billion in direct investment, the 2010 World Expo features diverse themes with large numbers of exhibitors from different countries ... (full story)
Sanjiu Makes Foray into Japan Drug Market
The Sanjiu Group has signed a letter of intent with Toa Seiyaku KK of Japan to acquire all of the latter's shares, TDC's Shenzhen Office has learned ... (full story)

 Services Sector
Foreign Stake in Life Insurance JV Capped at 50%
The Implementing Rules to the Regulations for the Administration of Foreign-invested Insurance Companies recently promulgated came into effect on 15 June 2004 ... (full story)

 Human Resources
Minimum Wage Standards in Shenzhen
The Shenzhen Labour and Social Security Bureau has announced the minimum wage standards for 2004: Rmb3.65 per hour or Rmb610 per month in the special economic zone (SEZ) ... (full story)

 Business Opportunities
Update on Cosmetics Market
Zhang Dianyi, chairman of the China Association of Flavour Fragrance and Cosmetic Industries, has recently analysed the development status and trends of the cosmetics market in China ... (full story)

 Key to Economy and Trade
SDRC Closely Monitors New Price Hikes by Local Authorities
The State Development and Reform Commission (SDRC) recently issued a circular prohibiting local authorities from introducing new price increases under certain circumstances ... (full story)