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Event: Examining the online scene in China


Amcham Beijing is holding a seminar on September 19 at which Chris Devonshire-Ellis, founding partner of Dezan Shira & Associates and publisher of China Briefing, 2point6billion, India Briefing, China Expat and several books on China business law and tax will be speaking. The event details are as follows: Under the Digital Influence: Eight Experts Examine […]

Policy shift on guarantee deposits for processing trade


Process manufacturers are now able to pay standing book deposits with bank guarantees rather than cash according to a statement released by the Ministry of Commerce on Wednesday. Notice No. 71, jointly released by the Ministry of Commerce, China Customs, and the China Banking Regulatory Commission, stipulates the ways by which enterprises engaged in processing […]

The world’s chimney: A pollution crises looms in a land of big statistics


Much has been written lately about China’s environmental woes. From polluted lakes and rivers to air quality issues that are putting Olympic events in question, the spectacular growth the country has seen has resulted in a burgeoning environmental disaster. As Pan Yue, the vice minister for China’s State Environmental Protection Agency (SEPA) warned in 2005 […]

Manufacturers moving inland from Hangzhou as central province VAT reform kicks in


Textile manufacturers in and around Hangzhou, long one of the region’s pillar industries, are beginning to move their operations inland as China reduces the VAT burden in the central provinces. Beginning July 1, 2007, the Ministry of Finance and the State Administration of Taxation reduced the VAT burden in eight sectors within 26 specified industrial […]

Tax inspection on offices premises in Shanghai


Earlier this year, a new policy of conducting an on-sight tax inspection for any new representative office (RO) or wholly foreign owned enterprise (WFOE) has come into practice in Shanghai. Under this current practice, the tax inspection on the office premises will have to be conducted before tax registration can begin. Because the tax officer […]

Yingkou port set to play larger role in Northeast China’s development


Sept. 1 – Yingkou is a third-tier Chinese city located on the northeastern edge of the Bohai gulf, just a few hours drive from the regional powerhouses of Shenyang and Dalian. An otherwise fairly ordinary provincial Chinese city, Yingkou is set to capitalize on the increasing exporting power wielded by enterprises in Liaoning, Jilin and […]

Overseas bourses now allowed representative offices on mainland


Aug. 31 – As the China Securities Regulatory Commission announced earlier this year, foreign stock exchanges are now able set up representative offices to promote their organizations and conduct research on the mainland. The Measures for the Administration of Foreign Stock Exchanges’ Representative Office in China, which came into effect July 1, permits overseas bourses […]

New restrictions on processing trade come into effect


China announced a new policy restricting processing trade in an effort to reduce a growing trade surplus. As approved by the State Council, the Ministry of Commerce and the General Administration of Customs jointly issued Announcement No. 44 introducing a new catalogue of restricted commodities on July 23. The new policy, which took effect August […]

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