China Briefing News

China Clarifies Filing Process for Foreign-Funded Venture Capital Enterprises

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In order to improve the management of foreign-funded venture capital enterprises, China’s Ministry of Commerce (MOFCOM) issued a circular on May 7 clarifying the filing procedures for foreign-funded venture capital enterprises.

China Releases 12th Five-Year Plan for Foreign Trade Development

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By Xiaolei Gu May 4 – China’s Ministry of Commerce released the 12th Five-Year Plan (FYP) for Foreign Trade Development last week, which aims at an annual growth of 10 percent during 2011-2015 and a total of US$4.8 trillion by 2015. The 12th FYP outlines the fruitful achievements made during the 11th FYP, analyzes the […]

Chinese Gov’t Expects 10% Rise in Foreign Trade in 2012

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Mar. 7 – During a press conference conducted in Beijing this morning on China’s international trade and domestic consumption, China’s Minister of Commerce Chen Deming expressed optimism towards the country’s target of 10 percent growth in foreign trade set in Premier Wen Jiabao’s 2012 Government Work Report. This comes despite a slowdown to 7 percent […]

U.S. and China Ramp up Clash over Cross Jurisdiction Audits

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Oct. 20 – The United States, its financial regulators, and now its courts are locked in a battle with Chinese regulators over the provision of documents related to alleged fraud committed by Chinese companies listed in the United States. China’s financial regulators have forbidden the Big Four audit firms from releasing any documentation concerning Chinese […]

China to Impose Anti-dumping Duties on US and EU Caprolactam Imports

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China will start levying anti-dumping duties on imports of caprolactam – the organic compound that is used in the manufacture of synthetic fibers – from the United States and the European Union, according to the Chinese Ministry of Commerce.

China Officially Opens Cross-Border RMB-Denominated FDI

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Following the issuance of a circular draft concerning cross-border RMB-denominated FDI in August, China has recently fixed and released the official legal document, which can be used as a guidance for foreign investors who intend to conduct FDI with RMB legally obtained overseas.

MOFCOM Ranks China’s Top Development Zones

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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 […]

China Issues Industrial Guidance for Outbound FDI

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Recently, the Ministry of Commerce in conjunction with the National Development and Reform Commission and the Ministry of Foreign Affairs promulgated the “Industrial Guidance for Outbound Foreign Investment in Different Countries (2011)”.

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