Technology

China’s Software Developers Can Enjoy VAT Refunds

Nov. 4 – Starting from January 1, 2011, enterprises which develop their own software products or redesign imported software products can have part of their value-added tax (VAT) refunded, said China’s State Administration of Taxation (SAT) and Ministry of Finance recently.

Nationwide VAT refund on software products
According to the “Circular on VAT Policies for Software Products (caishui [2011] No.100)” released on October 13, when VAT general taxpayers sell software products that are developed by themselves or imported and then redesigned for localization reasons, VAT shall be charged at the rate of 17 percent, but the part of VAT in excess of 3 percent of the taxpayers’ actual VAT burden shall be refunded upon collection. Continue reading →

Posted in Business, Finance, Tax and Accounting, Legal and Regulatory, Regulatory Update, South China, Technology | Tagged China Intellectual Property Right, China Ministry of Finance, China Software, China Software Copyright, China Value Added Tax, China VAT Exemption, China VAT General Taxpayers, China VAT Refund, State Administration of Taxation | Leave a comment

China Renewable Energy Industry Report: Nov. 2

Nov. 2 – This is a regular series of relevant industry news from around China.

Solectria Renewables to open plants in China, India
U.S. photovoltaic inverter maker Solectria Renewables LLC has announced plans to open plants in China and India with capacity of 300 megawatts and 200 megawatts, respectively.

The company said that the expansion of its manufacturing activities into the two countries had been prompted by the significant growth opportunities they offer for commercial and utility photovoltaic projects.

Solectria Renewables’ president Phil Vyhanek stressed that no jobs would be shifted out of North America as a result of the plans and that the company continued to expand its manufacturing operations in Massachusetts and Ontario.

Chief executive James Worden noted that the company had lifted its North American capacity to 1 gigawatt in the current year and said that the expansion into India and China was a strategic move designed to put the company “at the forefront of the three most dynamic solar economies in the world.” Continue reading →

Posted in Aviation, Business, FDI and Foreign Trade, Markets, Science and Tech, Technology | Tagged China Biofuels, China Gogreen, China Hydropower, China Nuclear Power, China Renewables, China Solar Power, China Wind Power, Hanas, Renewable Energy Asia, Samba Energy, Solectria China, Three Gorges Dam, Vestas | Leave a comment

Shenzhen Introduces Favorable Policies to Promote E-commerce Development

Oct. 28 – Shenzhen was approved by China’s National Development and Reform Commission and the Ministry of Commerce to be the first e-commerce model city in September 2009, following the State Council’s issuance of “Certain Opinions on Accelerating the Development of E-commerce (Guobanfa [2005] No. 2)” in 2005, which provided general guidance for the development of e-commerce in China.

To further the development of the e-commerce industry, the Market Supervision Administration (MSA) of Shenzhen Municipality spearheaded the reform in the registration of companies in the e-commerce sector. These changes are codified in “Several Measures on Servicing the Healthy and Rapid Development of the E-commerce Market” (Shenzhen Municipality Jianzhuzi [2010] No. 16, “Measures”), issued by the MSA on June 7, 2010. The Measures permit e-commerce companies to register without establishing an address and meeting capital requirements. Continue reading →

Posted in Business, Finance, Tax and Accounting, Legal and Regulatory, Regulatory Update, Science and Tech, Technology | Tagged China Corporate Establishment, China E-Commerce, China Ministry of Commerce, National Development and Reform Commission, Setting Up in China, Shenzhen, Shenzhen Incentives | Leave a comment

China Renewable Energy Industry Report: Oct. 18

Oct. 18 – This is a regular series of relevant industry news from around China.

Japanese scientists see huge solar potential in Himalayas
According to Japanese researchers the Himalayas could become one of the hot spots for solar power development in the future.

A team of researchers have found that some of the coldest and highest places around the globe have better solar resource than some deserts. The Andes and Antarctica are among the other cold regions with solar power potential, according to the research. Continue reading →

Posted in FDI and Foreign Trade, Manufacturing, Markets, Science and Tech, Technology | Tagged China Clean Tech, China Energy, China Hydropower, China Longyuan, China Photovoltaics, China Renewables, China Solar Power, China Wind Power, GC Solar, Himalayas, Israel Electric, Sungrow Power Supply, Suntech, Voltaix, Yingli | Leave a comment

China Renewable Energy Industry Report: Oct. 10

Oct. 10 – This is a regular series of relevant industry news from around China.

NCKU, Taiwan Generations venture into offshore wind power
The National Cheng Kung University (NCKU), the Metal Industries Research and Development Center and Taiwan Generations Corp have joined hands on an offshore wind power project of up to 200-megawatt capacity.

The partners intend to build an offshore wind farm off Taiwan that would be capable to produce around 640 million kWh of power a year, the university said. The targeted output would be enough to meet the electricity needs of 130,000 local households. Continue reading →

Posted in Business, FDI and Foreign Trade, Manufacturing, Markets, Science and Tech, Technology | Tagged China Clean Tech, China Energy, China Hyrdopower, China Longyuan, China Renewables, China Solar Power, China Wind Power, Clean Development Mechanism, JinkoSolar | Leave a comment

China’s Soft WWW Policy – Access Only through Chinese Servers

Potential implications for all online sales, marketing and publishing platforms targeting China

Op-Ed Commentary: Chris Devonshire-Ellis

Oct.9 – Spending the National Holiday week relaxing in Beijing, one thing that became immediately apparent was the worsening of connections to the worldwide web. Overseas web sites that were previously always accessible are now erratic in terms of performance, and even our webmail server (based in the United States) has had access problems.

The web access situation began to worsen at the beginning of the year, itself a slow downgrade from the so-called “freedom of access” promised by China for the 2008 Beijing Olympics. Indeed, one of the Olympic legacies was intended to be greater opening of China’s internet to the world. It’s hard to say that the Olympics did not succeed, but the event turned out to be more of a platform to promote the legitimacy of China’s one party state than one bringing a lasting legacy of openness. Continue reading →

Posted in Business, Economy and Politics, Technology | Tagged Censorship, China Internet, China Regulatory, Chris Devonshire-Ellis, Great Firewall of China | Leave a comment

MOFCOM Ranks China’s Top Development Zones

Sept. 29 – China’s Ministry of Commerce (MOFCOM) released its 2010 Rankings of National Economic and Technological Zones on September 21. At present, China has 128 national-level development zones, 90 of which were included in the 2010 MOFCOM rankings.

According to the rankings, the top 10 development zones remained unchanged from 2009. Most notably, TEDA has been ranked the best national development zone in China for the 14th consecutive year. Continue reading →

Posted in Automotive, Business, Chemical & Pharmaceutical, Economy and Politics, FDI and Foreign Trade, Manufacturing, Markets, Technology, Textiles | Tagged Development Zones, Great Wall Motors, Jiangsu Province, John Deere, Ministry of COmmerce, Motorola, TEDA | Leave a comment

China Revises Measures on Clean Development Mechanism Projects

Sept. 28 – In an attempt to boost Clean Development Mechanism (CDM) projects and to ensure the healthy development of the CDM market in China, the National Development and Reform Commission (NDRC) and other departments on August 3, 2011 jointly issued the revised “Administrative Measures for the Operation of Clean Development Mechanism Projects (‘the Measures’)” in accordance with the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol. Continue reading →