Other Briefings
China Releases Implementation Regulations for Labor Contract Law
By Cathy Gao SHANGHAI, Sept. 24 – China’s State Council has released the implementation regulations for the new Contract Labor Law. While the labor law was hailed as a landmark step in protecting employee’s rights, many complained it only served to increase a company’s operational cost. A brief rundown of the new regulations: If an […]
China Dissolves Stamp Duty on Stock Purchases
Sept. 19 – Starting today, the stamp duty on stock purchases will be abolished in an effort to rescue the falling domestic stock market. The move to dissolve the 0.1 percent was done, “to encourage market confidence,” reported Xinhua. The new rule does not include sellers of shares which are still required to pay the […]
China Reduces Import Taxes on Equipment Spare Parts
Sept. 16 – China has reduced import taxes on spare parts of large equipment in an effort to aid domestic manufacturing. Taxes paid by domestic manufacturers of large equipment for imports made after Jan. 1, 2008 will be refunded. These include key spare parts of large equipment such as ultra- and extra-high voltage transmission equipment […]
China to Issue One Year Multi-Entry Business Visas “After the October National Holiday”
Sept. 12 – Sources close to China’s Public Security Bureau have told Dezan Shira & Associates that China will relax its current strict visa issuance policies for business visas following the national holiday in October. Beginning in the second week of October, China will start issuing one year multi-entry F visas, making it far more […]
China Bans Coal-to-Oil Projects
Sept. 11- China’s National Development and Reform Commission (NDRC) has released a notice on its website immediately banning converting coal to liquid fuels (CTL) projects except those by Shenhua, the country’s largest coal producer and a joint venture between Shenhua and South Africa’s Sasol. As far back as 2006, the agency had already issued a […]
China Issues New Regulation to Restrict Land Development
Sept. 10 – Beginning this month, a new regulation will require developers to reclaim land from the local arable land reserve or pay local land authorities for the amount of land they reclaim. It will also allow reclaimed land to be primarily reserved for farmers. The regulation calls for local governments to expand their land […]
The Basics of Arbitration in China
Sept. 3 – Arbitration on contracts involving a Chinese party is a concern for international counsel and overseas-based lawyers. Chinese parties will usually insist upon the clause in contracts, which can be a good thing, as no one wants to see disputes end up in courts if there is another way to resolve matters. Moreover, […]
Latest Draft of Representative Office Amendments Now Online
Sept. 2 – The State Council’s Office of Legislative Affairs has released the latest draft of administrative measures for representative offices in China. The measures are posted in Chinese on their web site found here. The public is invited to comment on the proposed amendments until September 25, either through the web site or by […]
