Other Briefings
Alibaba Hikes Fees for Global Members
May 5 – China’s biggest e-commerce company, Alibaba, has announced that it will hike fees by as much as five-fold for its international members starting June 15. The new annual fee is priced at US$2,999 and will give members the same pricing and level of service that local domestic exporters receive. The new package is […]
CHINICT Founder Looks Forward to Successful IT Entrepreneurship Conference
May 5 – From May 21 to May 22, Beijing will play host to the largest networking, communication and brand-positioning event in Asia for the world’s fastest growing IT corporations. CHINICT [pronounced China-ICT] aims to bring together established industry heavyweights with up and coming IT companies, providing insight into market trends and introducing cutting-edge technologies. […]
New China Briefing and Technical Guide Examine Transfer Pricing in China
May 4 – The May issue of China Briefing magazine is online and available for download (complimentary subscription available). Transfer pricing is a reality for most multinational companies in China, and with the implantation of the new Enterprise Income Tax Law, the arm’s length principle for pricing group transactions is now being actively enforced. In […]
Guangdong Reports Boost in Ship Exports
May 4 – Guangdong province reported an increase of ship exports when it sold 42,000 vessels for the first quarter of the year at an increase of 230 percent. The total exports were made up of 49.1 percent or US$200 million by foreign-funded companies and the rest worth US$160 million was sold by state-owned enterprises. […]
China Signs Deals Worth US$10 Billion with U.S. Companies
Apr. 28 – At yesterday’s forum hosted by the U.S. Chamber of Commerce and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, Chinese companies signed 32 contracts with American companies worth US$10.6 billion. These companies included Ford Motor Co., International Business Machines Corp., Dell Inc., Cisco Systems Inc., Hewlett-Packard […]
China to Spend US$10B in Next Phase of Stimulus Plan
Apr. 27 – As part of the next phase of its stimulus plan, Beijing is set to spend RMB70 billion or US$10.3 billion to be used mostly for infrastructure projects. The amount is part of the total RMB4 trillion yuan stimulus package announced by Beijing last November to help the economy cope with the global […]
Food Safety Law to Require Registration for Foreign Importers
Apr. 24 – Following the draft of a new food safety law, foreign food importers will need to register with the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) every four years to ensure the safety of their products. The new law is set to take effect on June 1. A draft implementation rule […]
New Postal Law May Limit Foreign Companies
Apr. 24 – China’s new legislation for postal services may restrict foreign companies from competing with domestic firms. The new Postal Law on the express delivery of documents is currently in its final stages and is expected to be approved soon when the standing committee of the National People’s Congress meet. There is an article […]
