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 Pudong to Pilot Paperless Import Clearance
Shanghai Customs recently announced that Pudong will introduce paperless clearance for imports on a pilot basis by the end of this year.For years, enterprises must complete customs declaration procedures of imported ... (full story)

 New Rules on Foreign-Invested Advertising Enterprises Take Effect from October
Recently, the State Administration for Industry and Commerce (SAIC) and the Ministry of Commerce (MOFCOM) jointly promulgated the revised ... (full story)

 China Issues Revised Catalogue of Technologies Prohibited and Restricted from Export
Recently, the Ministry of Commerce (MOFCOM) and the Ministry of Science and Technology jointly issued the revised Catalogue of Technologies ... (full story)

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Issue 09, 2008 (01 September)
 Leader
SOE Revamp and "Market Rescue" after the Olympics
As the Beijing Olympics came to a close, it is the concern of the outside world whether China will, like other Olympics host countries in the past ... (full story)
No Post-Olympic Economic Recession for China
On the relation of the Olympics and China's economic development, Wang Yiming, deputy director of the Macro Economics Research Institute under the National Development and Reform Commission ... (full story)

 Policy and Law
PBOC Sets up Exchange Rate Department
The recent movements of the value of renminbi have aroused much attention. Two major developments relating to the renminbi lately are worth noting ... (full story)
New Regulations on Government Procurement of Imported Products
In a bid to avoid illegal acts in the procurement process, the Ministry of Finance (MOF) has recently made two decisions. First, steps are taken to regulate issues related to government procurement ... (full story)

 Local Policy
Guangdong Quickens Pace of Economic Upgrade
In the face of a major downturn in economy across the province, Guangdong is set to expedite its pace of upgrading the provincial economy by introducing measures in six areas ... (full story)
Shanghai Lures MNCs to Establish Regional Headquarters
The people's government of Shanghai has recently issued a set of new regulations encouraging multinational companies (MNCs) to set up regional headquarters in the municipality ... (full story)

 Industrial Policy
First National Standard for Toilet Detergents Takes Effect in September
In future, toilet detergents may not have a hydrochloric acid content exceeding 12%. The first set of national standard for toilet detergents jointly issued by the State Administration of Quality Supervision ... (full story)
Guangzhou to Build China's Third Supercomputing Centre
Guangzhou is currently cooperating with the Chinese Academy of Sciences on a supercomputing centre project. The future centre with a supercomputing system will be built on a 12,000 sqm site ... (full story)

 Services Sector
Changsha to Encourage Service Outsourcing
Changsha is revising its policy of encouraging service outsourcing. Under the new plan, service outsourcing enterprises with headquarters in the city will be awarded up to Rmb5 million in subsidies ... (full story)

 Emerging Opportunities
Beijing Aspires to be International Copyright Trading Centre
Beijing's Chaoyang district will soon have another landmark. "The new building will mark an important milestone in the endeavours of the Beijing International Copyright Centre (BICC) ... (full story)
IBM Moves Global Procurement Headquarters to Shenzhen
According to senior executives of IBM Shenzhen, IBM has moved its global procurement headquarters to the city following the establishment of its China Procurement Centre (CPC) ... (full story)

 Human Resources
No Jobs for People without Temporary Residence Permit in Guangzhou
Guangzhou mayor Zhang Guangning recently signed Government Order No. 10 and promulgated the Regulations on Floating Population Management, which came into force on 18 August 2008 ... (full story)
Labour Cost for Software Industry Highest in Nanchang
Nanchang's labour and social security bureau recently announced the result of a survey on labour costs for 10 leading industries in 2007. Average annual labour cost for enterprises in the city ... (full story)

 Key to Economy and Trade
Insurance "Bubble" Likely to Burst under New Accounting Rules
The Ministry of Finance recently drafted the Explanations of Accounting Standards for Business Enterprises No. 2 (Draft for Comment) to gauge the response of relevant listed companies ... (full story)