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 Base for Overtime Pay Includes Fringe Benefits and Bonus
According to the labour and wage department of the Guangdong Provincial Labour and Social Security Office, the correct way of calculating overtime pay in Guangdong is to take daily wage under normal working hours (8 hours) as the base ... (full story)

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Issue 12, 2007 (01 December)
 Leader
China Bans or Restricts Import of 126 Technologies
The Ministry of Commerce (MOFCOM) recently issued the revised Catalogue of Technologies Prohibited and Restricted from Import into China ... (full story)

 Policy and Law
China Bans Backward Production Facilities
The National Reform and Development Commission recently issued a circular calling on governments at all levels and the departments concerned to strictly prevent the spread of backward equipment ... (full story)
Guizhou Cuts Power Supply to Guangdong and Raises Electricity Tariff
Guizhou started making a cut in power transmission to Guangdong in November to ensure normal power supply within its own province ... (full story)

 Local Policy
Business Tax Threshold Raised to Rmb5,000 in Guangdong
The Guangdong local taxation bureau has passed the Notice on Raising the Business Tax Threshold in Guangdong Province. Beginning 1 January 2008 ... (full story)
Dongguan Imposes 20% Personal Income Tax on Second-Hand Property Transactions
Dongguan has recently introduced two major tax policy changes in relation to second-hand property transactions with immediate effect ... (full story)

 Industrial Policy
Growing Risk for Hong Kong Furniture Makers in Mainland
A large number of Hong Kong furniture makers are operating on the mainland. As part of the macro-control measures introduced by the state recently, the export tax rebate rate of furniture has been reduced from 13% to 11% or 9% since 1 July 2007 ... (full story)
Four New Areas Open to Individually-Owned Businesses by Hong Kong and Macau Residents Next Year
With the approval of the State Council, starting from 1 January 2008 the business scope of individually-owned businesses established by Hong Kong and Macau permanent residents ... (full story)

 2008 Olympics
Black-out Dates for Large Exhibitions in Beijing
The 29th Olympic Games and the 13th Paralympic Games will be held in Beijing in August and September 2008 respectively. In view of this, the Ministry of Commerce has issued the following guidelines ... (full story)

 Market Development
Dalian IC Industry Tops US$10 Billion
More than 250 suppliers of Intel from around the world and 400 representatives of mainland enterprises recently took part in the first Dalian chip supplier summit organised jointly by Intel and the Dalian municipal government ... (full story)

 Human Resources
New Labour Contract Law Calls for Clear Remuneration Package
When the new Labour Contract Law comes into effect next year, labour recruitment procedures on the mainland will become more stringent. Hong Kong companies should take note ... (full story)
No Discrimination Provisions in Job Ads
Under the Rules on Employment Service and Employment Management promulgated recently by the Ministry of Labour and Social Security (MOLSS), employers in China are required to comply with the following starting from 1 January 2008 ... (full story)

 Key to Economy and Trade
Customs-Approved Enterprises May Declare Imports and Exports in Advance
Is it possible for an enterprise to make customs declaration before the arrival of the means of transport carrying the import goods or before export goods have arrived at the customs supervision zone in order to speed up customs clearance? ... (full story)
New Enterprise Income Tax Law Gives Designated Areas Five-Year Grace Period
As disclosed by some experts, the final draft of the Implementing Rules for the Enterprise Income Tax Law was submitted to the State Council in mid-November ... (full story)