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 What's New

 New Regulations on Valuation of Dutiable Import Commodities Traded on Formula Pricing
In response to the use of formula pricing for goods in international trade and to standardise the valuation of dutiable import and export ... (full story)

 Changes in the Labels Approval System for Import and Export of Food and Cosmetics
The State Administration of Quality, Supervision, Inspection and Quarantine (AQSIQ) issued a circular on implementing changes ... (full story)

 90% of US Companies in Guangdong Optimistic About PRD
The American Chamber of Commerce in Guangdong has recently published a survey report entitled Economic Situation in Guangdong and the Pearl River Delta ... (full story)

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Issue 03, 2006 (01 March)
 Leader
Seven Acts Disqualify Enterprises from Export Tax Rebate
(Exemption)
In order to standardise export operations, the State Administration of Taxation (SAT) and Ministry of Commerce (MOFCOM) recently issued a joint circular ... (full story)

 Policy and Law
Issuing Export Invoices at Artificially Low Prices to be Punished
Starting from 11 April 2006, foreign trade operators found to be issuing export invoices at artificially low prices are liable for suspension of foreign trade right for three years ... (full story)
Export Quota Bidders Have to Meet Environmental Protection and Social Responsibility Criteria
During the first round of industrial goods export quota tenders for 2006, environmental protection and social responsibility were for the first time introduced as eligibility criteria ... (full story)

 Local Policy
Shenzhen Boosts Development of Cultural Industry
In spring this year Shenzhen adopted four documents, namely Economic Policies for Accelerating the Development of Cultural Industry ... (full story)
Fujian Assigns Strategic Importance to Pharmaceuticals Industry
The provincial government has recently adopted the 2006-2008 Action Plan for the Development of Pharmaceuticals Industry in Fujian and will assign great importance to this sector ... (full story)

 Industrial Policy
Control over Pollution Caused by Electronic Information Products Tightened
The Ministry of Information Industry has recently announced its Administrative Measures for the Control of Pollution Caused by Electronic Information Products ... (full story)
Car Makers Responsible for Recycling Their Own Vehicles from 2010
The National Development and Reform Commission, Ministry of Science and Technology and State Environmental Protection Administration announced the Technology Policies on the Recycling of Auto Products on 14 February ... (full story)

 Emerging Opportunities
Hunan: Green Food Generates Business Worth Rmb40 Billion
Statistics from the Hunan Agriculture Department's Green Food Office show that the sales volume of the province's 253 types of agricultural products carrying the green food label ... (full story)
Production of Hubei Sedan Cars Enters an Era of Diversification
The launching ceremony of Wuhan Dongfeng Peugeot Citroen Automobile (DPCA)'s new 2006 Dongfeng Peugeot sedan car model will soon be held in Wuhan ... (full story)

 Human Resources
Survey in 23 Cities: Pay Rise Expected in Over 60% of Mainland Enterprises
An employment survey conducted in 23 major cities in the Pearl River Delta, Yangtze River Delta and Bohai Rim regions by the Ministry of Labour and Social Security found that the demand for workers is strong in spring ... (full story)
Anhui: Government Approval Required for Lay-offs of Over 200 Employees
A new set of regulations has recently been promulgated by the Anhui government to regulate enterprises' lay-off actions. Enterprises wishing to lay off more than 200 workers or 20% of their total workforce ... (full story)

 Key to Economy and Trade
Bars and Cyber Cafes Outside the Scope of Regulations on Entertainment Establishments
The Regulations on the Administration of Entertainment Establishments introduced recently prohibit entertainment establishments from operating from 2 am to 8 am daily. Zhang Xinjian ... (full story)