East China

China Regional Spotlight: Hefei, Anhui Province

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Hefei-at-night-550

By Alex Tangkilisan

Oct. 28 – Dubbed the ‘City of Science and Education’ due to its more than 200 universities and research centers/laboratories scattered throughout the city, Hefei is the capital of the Anhui Province in Eastern China.

The city itself has five counties and four districts under its jurisdiction, and has a population of over 7.52 million. It is also serves as the political, economic and cultural hub of the province, and houses an administrative area covering 4,372 square miles. Continue reading…

Shanghai FTZ Launches Cross-Border E-Commerce Platform

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Oct. 11 – As one of the first waves of projects initiated in the Shanghai Free Trade Zone (“Shanghai FTZ”), Shanghai will be launching a pilot cross-border E-commerce platform called buyeasi.com (“跨境通”, pronounced as “kua jing tong”). A trial run of the platform was completed in the past few days, and it will officially commence operation once approval from the China’s General Administration of Customs (GAC) is issued. Continue reading…

Shanghai Releases ‘Negative List’ for Foreign Investment in Shanghai Free Trade Zone

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Sept. 30 – The Shanghai Municipal People’s Government released the “Special Administrative Measures on the Entry of Foreign Investment into China (Shanghai) Free Trade Zone (2013 Negative List) (hereinafter referred to as the ‘Negative List’)” on September 30, which details the different treatment for foreign investors and Chinese investors in the Shanghai Free Trade Zone (Shanghai FTZ). Detailed information can be found below. Continue reading…

Shanghai’s New Free Trade Zone – General Plan and Regulations

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The Translated Regulatory Plan Plus Additional Commentary

Sept. 28 – China’s Central Government released the “General Plan for the China (Shanghai) Free Trade Zone (guofa [2013] No. 38, hereafter referred to as the ‘Plan’)” late yesterday afternoon, which lists out the reform tasks and liberalizing measures for the Shanghai Free Trade Zone (FTZ). Detailed information on the three main tasks can be found below.

Geographical Scope
The Shanghai FTZ, the first of its kind in Mainland China, covers an area of 28.78 square kilometers, and consists of the four following existing bonded zones:

  • Waigaoqiao Free Trade Zone;
  • Waigaoqiao Free Trade Logistics Park;
  • Pudong Airport Comprehensive Free Trade Zone; and
  • Yangshan Free Trade Port Area. Continue reading…

Isolated Internet Freedoms in Shanghai’s Free Trade Zone

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Sept. 25 – The Chinese government has apparently endorsed a plan to allow uncensored internet access in the new Shanghai Free Trade Zone (FTZ), according to reports in the South China Morning Post quoting unnamed official sources. Foreign internet service providers would also be allowed to bid for licenses in the zone.

“In order to welcome foreign companies to invest and let foreigners live and work happily in the free trade zone, we must think about how we can make them feel at home. If they can’t get onto Facebook or read The New York Times, they may naturally wonder how special this zone is compared to the rest of China,” the source was credited as saying. Continue reading…

New Issue of China Briefing: Sourcing from China

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Sourcing-from-ChinaJun. 3 – The new issue of China Briefing Magazine, titled Sourcing from China, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the month of June.

While the United States and Europe continue to lead in the production of top-end manufacturing and smart technologies, China is slowly but surely climbing the technology ladder, and is actively trying to raise the human capital and managerial skills needed to lead such growth. Meanwhile, China continues to outpace competitors in the mass production of those basic, low value-added products necessary in the daily lives of people around the world. It has also managed to develop a fast and efficient national network of roads, railways, ports and airports coupled with a first-tier integrated logistics system. On top of these structural accomplishments, China has created a skilled workforce capable of producing anything an engineer can design, and a comprehensive supply chain that sources energy and raw materials from around the globe. Continue reading…

Utilizing Development Zones in China

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By Christian Fleming and Shirley Zhang

May 28 – Development zones are not a Chinese creation, but China in particular has found tremendous success with this economic tool. Historically, the liberal business environment in these areas have allowed foreign enterprises to operate more comfortably in the Chinese business environment, sheltered from the bureaucracy and red tape that often characterizes the rest of the country while at the same time such businesses could benefit from preferential policies, greater resource availability, and prime locations within regional hubs of creativity and innovation. Continue reading…

New Issue of Asia Briefing: An Introduction to Development Zones Across Asia

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Development-Zones-Across-Asia-cover-250May 10 – The new issue of Asia Briefing Magazine, titled An Introduction to Development Zones Across Asia, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the months of May and June.

The use of development zones in their different guises has been an effective model essentially brought to prominence by China over the past 25 years to help both foreign investors and domestic companies meet in a relationship that provides tax advantages to both. Development zones typically permit the foreign investor to bring component parts into a country for assembly without having to pay import duties. Investors may then add in locally-sourced components, assemble the final product, and warehouse it all duty free before then having the option of exporting the finished product (collecting some VAT rebates on the locally sourced portion) or entering the domestic market with a product assembled at local labor costs. Continue reading…

Asia Briefing Bookstore Catalogue 2013