Business Alert - China
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 What's New

 MOFCOM Delegates Power of Approval and Administration in Certain Sectors of Trade in Services
In order to simplify and make more efficient the examination and approval of contracts and articles ... (full story)

 Ten Policy Initiatives to Support Technological Development
The State Council has recently promulgated the Policy Initiatives for Implementing the Guidelines on National Medium- and Long-Term Plan ... (full story)

 China Issues Email Regulations
The Ministry of Information Industry (MII) has just announced the Measures for the Administration of Internet Email Service, which will go into force on 30 March 2006 ... (full story)

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Issue 02, 2006 (01 February)
 Leader
New Rules Require Filing of Export Tax Rebate
(Exemption) for the Record within 15 Days
The State Administration of Taxation will implement a system requiring import-export enterprises to file export tax rebate (exemption) documents for the record ... (full story)

 Policy and Law
Production Enterprises Liable for Recovery of Electronic Wastes
Zhao Hualin, deputy director of the Pollution Control Department of the State Environmental Protection Administration (SEPA), recently disclosed at the launch of the Green Box Project ... (full story)
Income Tax for Key Software Enterprises Lowered to 10%
Effective 1 January 2006, key software enterprises listed in the national annual plan that do not benefit from other tax incentives in the current year can pay their income tax ... (full story)

 Local Policy
Property Resale in Guangzhou Subject to 20% Personal Income Tax
With effect from 1 January 2006, Guangzhou will levy on individuals re-selling their properties a 20% personal income tax in accordance with the tax rate applicable to "income from transfer of assets" ... (full story)
Guangdong Sees Number of Private Enterprises Soar by 30,000 Monthly
There were 2,694,000 private enterprises in Guangdong in the first three quarters of 2005. This represented a net increase of 273,000 over the figure at the end of 2004 ... (full story)

 Industrial Policy
Administrative Measures for Food Hygiene Licensing to be Implemented
The Ministry of Health has recently promulgated the Measures for the Administration of Food Hygiene Licensing, which will take effect on 1 June 2006 ... (full story)
Food Enterprises Classified into Four Categories for Closer Supervision
The General Administration of Quality Supervision, Inspection and Quarantine, which took over the task of supervising food hygiene in the course of food production and processing ... (full story)

 Services Sector
MOFCOM Designates 15 National Pharmaceuticals Export Bases
To promote the export of pharmaceuticals with high technology content and high value-added, as well as optimise the industrial structure of China's pharmaceuticals exports ... (full story)

 Emerging Opportunities
Custom-made Home Appliances Popular in Wuhan
Over the years, competition based on price has been the name of the game in Wuhan's home electrical appliances market and sales promotions have been centred around offering price discounts ... (full story)

 Key to Economy and Trade
Eight Priorities to Top Industrial Restructuring Agenda
The National Development and Reform Commission (NDRC) has recently issued the Provisional Rules for Promoting Industrial Restructuring, listing out eight development priorities ... (full story)