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1.

China Scraps Customs Clearance Manifests in Favour of Online Processing

25 June 2018

As of 1 June 2018, the use of Customs Clearance Manifests for inbound / outbound cargo has been scrapped in line with a new directive from the General Administration of Customs (GAC)....Read More

2.

China Cuts Average Import Tax on 1,449 Consumer Products by 60%

22 June 2018

Import tariffs on some 1,449 consumer products are to be cut as of 1 July this year. The move, which will affect a wide range of goods, including cosmetics, pharmaceuticals and home appliances, was ap...Read More

3.

China Customs Reappraises Solid Waste Pre-Shipment Inspection Agencies

21 June 2018

The General Administration of Customs (GAC) is to have a watching brief over all pre-shipment inspection agencies active in the imported solid waste sector, while also being responsible for overseeing...Read More

4.

China Business Registration Time to be Cut From 20 Days to 8.5 by Mid-2019

19 June 2018

The processing time for the registration of a new mainland business is to be cut from 20 working days to just 8.5 on average by the end of Q2 2019....Read More

5.

China Spells Out Future Roles for the Guangdong, Tianjin and Fujian Free Trade Zones

15 June 2018

Greater autonomy has been promised to three of the country’s Pilot Free Trade Zones – Guangdong, Tianjin and Fujian....Read More

6.

China Cuts Import Tariffs on Designated Motor Vehicles and Automotive Parts

14 June 2018

Import duty is to be cut from 25% to 15% for all motor vehicles in one of 135 tariff code groups. Similarly, in the case of motor vehicles covered by one of four additional tariff groups and currently...Read More

7.

China Looks to Internet+ Model to Transform Healthcare Services

12 June 2018

In a bid to bring the management of the country’s medical and healthcare sector into the digital age, the State Council recently issued its Opinions on Promoting the Development of Internet Plus Healt...Read More

8.

China Cuts VAT on Cancer Medication

11 June 2018

In a bid to nurture the development of the cancer treatment industry and to reduce the financial burden on patients requiring anti-cancer medication, new regulations relating to the application of VAT...Read More

9.

China Cuts Import Tariffs and Bolsters Access and Support for Overseas Investors

8 June 2018

Overseas investors are to get improved market access, while their legitimate interests are to be better protected, according to a number of decrees issued by the State Council in the wake of its 30 Ma...Read More

10.

China Customs Updates Enterprise Credit Management System

7 June 2018

New credit management procedures have been introduced by China’s General Administration of Customs (GAC)....Read More

11.

Guangzhou Looks to Upgrade Local Cross-Border E-Commerce Resources

5 June 2018

Guangzhou has adopted a number of measures intended to bolster the transformation and upgrading of its traditional foreign trade....Read More

12.

Foreign Investors Approved to Hold Controlling Stakes in JV Securities Firms

4 June 2018

In a bid to reassure foreign investors that they are now entitled to hold controlling shares instead of minority shares in securities firms on the mainland, the Rules for the Establishment of Securiti...Read More

13.

China Streamlines Export Tax Refund Procedures

1 June 2018

Export tax refund (exemption) declaration procedures have been streamlined as of 1 May this year....Read More

14.

Planned Hainan Free Trade Zone and Free Trade Port Gain Official Assent

31 May 2018

Plans to push ahead with the construction of the China (Hainan) Pilot Free Trade Zone and an accompanying free trade port have now been granted official approval....Read More

15.

China Boosts Integrated Circuit Manufacturers with Raft of Tax Incentives

29 May 2018

China’s integrated circuit (IC) manufacturing sector is set to benefit from a range of corporate income tax (CIT) incentives....Read More

16.

China Clamps Down on Use of Hazardous Substances in Electrical Products

25 May 2018

The Ministry of Industry and Information Technology (MIIT) has initiated a crackdown on the use of certain hazardous substances in electrical and electronic products....Read More

17.

China’s Animation Industry to Enjoy Preferential VAT Terms

23 May 2018

China’s animation sector is set to benefit from a series of extended preferential VAT entitlements, according to a recent statement jointly issued by the Ministry of Finance and the State Administrati...Read More

18.

China Zero Rates Import Tax on Commonly-Used Medicines

21 May 2018

As of 1 May this year, import duties are no longer payable on a wide range of commonly-used medicines. Among the treatments that are now officially zero-rated are cancer drugs, cancer alkaloid-based d...Read More

19.

Hong Kong and Macau Research Bodies Urged to Bid for Central Government Funding

19 May 2018

Hong Kong and Macau-based research establishments, as well as universities / colleges, have been urged to fully take advantage of the funding opportunities offered by the central government’s Science ...Read More

20.

China Increases Restrictions on Solid Waste Imports

18 May 2018

Further restrictions on the import of solid wastes to China have been jointly announced by the Ministry of Ecology and Environment, the Ministry of Commerce and a number of other government bodies....Read More

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