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 Hong Kong Manufacturers Enjoy Priority in PRD Power Supply Increase
Guangdong plans to increase its installed capacity by 8.35 million kw this year to ease the problem of power shortage, which has forced many factories to "open for three days and close for four days" a week ... (full story)

 Proven Track Record Needed When Applying for Foreign-Invested Design Enterprise Qualifications
On 1 February, the Ministry of Construction and Ministry of Commerce jointly issued the Implementing Rules for Regulations on the Administration ... (full story)

 Foreign Brands Dominate Shanghai Market
According to statistics released by the Shanghai Municipal Business Information Centre on 5 February, foreign brands accounted for 54.8% of best-selling brands in 2006, up 2.2 percentage points from 2005 ... (full story)

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Issue 01, 2007 (01 January)
 Leader
Guangdong's New Measures to Facilitate Industry Relocation
Certain backward industries in Guangdong are slated for relocation to other regions within the province. In a move to implement the decision of the recent provincial meeting ... (full story)
New Wave of Industry Relocation in PRD
A new wave of industry relocation is underway in the PRD as various cities have teamed up with their counterparts in the mountainous regions to establish industry relocation parks ... (full story)

 Policy and Law
No New Entertainment Establishments in Residential Districts
The Ministry of Culture (MOC) has recently issued a set of opinions regarding certain issues relating to the implementation of the Regulations on the Administration of Entertainment Establishments ... (full story)
Clear Policy Guidelines on Network Music
To further strengthen the management of music distributed through different kinds of networks, the Ministry of Culture (MOC) recently issued a set of opinions on the development and management of network music ... (full story)

 Local Policy
Tianjin's Binhai New Area to Pioneer Voluntary Forex Settlement
According to Dai Xianglong, mayor of Tianjin, the Binhai New Area in Tianjin will pioneer reforms in the forex system, and one important measure will be to replace the mandatory forex settlement system in the past ... (full story)
State Electrical Appliances Safety Testing Centre Sets Up in Guangzhou
China Guangdong Electrical Safety Testing Institute (CEST), a national quality supervision and testing centre for the safety of electrical appliances, was established in Guangzhou at the end of November in 2006 ... (full story)

 Industrial Policy
Adjustment in Retail Prices of Proprietary Chinese Medicine for Treating Tumours
The National Development and Reform Commission (NDRC) has recently promulgated a circular on adjusting the retail prices of 32 types of proprietary Chinese medicine for treating tumours ... (full story)
Output Value of Chengdu’s Auto Industry to Top Rmb40 Billion by 2010
According to information released by the auto industry promotion office of Chengdu, the number of auto enterprises in Chengdu makes up over 60% of the provincial total ... (full story)

 Services Sector
Implementation Rules on Administration of Foreign Banks Took Effect
The China Banking Regulatory Commission (CBRC) has recently promulgated the Implementation Rules for the Regulations on the Administration of Foreign Banks, which came into force on 11 December 2006 ... (full story)
Annual Reports for 2006 to be Based on Existing Accounting Standards
The new enterprise accounting standards will apply to listed companies starting 1 January 2007, and any non-compliance will be deemed violation of the law ... (full story)

 Market Development
Hunan's Textile Industry Faces Reshuffling After Export Rebate Cut
Hunan's textile sector rebounded during the 10th Five-Year Plan period. In 2005, the output value of large-scale Hunan enterprises amounted to Rmb19.483 billion, soaring to the 13th place in national ranking ... (full story)

 Human Resources
Overtime Pay, Food and Lodging Subsidies Not Part of Minimum Wage
Based on investigations, the labour and social security bureau of Guangzhou recently announced two major malpractices in relation to minimum wage payment ... (full story)

 Key to Economy and Trade
Shenzhen Five Years After WTO
China became the 143rd member of the WTO at the Doha Ministerial Conference on 11 December five years ago. The five years since China's entry to the WTO are an important period of economic and social transformation for Shenzhen ... (full story)