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1.

CEPA Zero Tariff Extended to Hong Kong Pineapples, Titanium, Vitamins and Motors

13 July 2018

Mainland imports of four further categories of Hong Kong-originated goods are to be zero-tariffed from 1 July this year onwards....Read More

2.

China Issues Shortest-Ever Foreign Investment Negative List

12 July 2018

The number of sectors proscribed by the 2018 edition of China’s foreign investment negative list has dropped to 48, a fall of 15 compared to the 2017 list....Read More

3.

State Council Takes Action to Boost China’s Future Foreign Investment Levels

10 July 2018

In a bid to maximise future foreign investment levels, the State Council has approved 23 new facilitative measures....Read More

4.

China Clears Life-Saving Drugs for Accelerated Approval Process

9 July 2018

In a bid to accelerate the market entry process for certain priority drugs, the required registration procedures have been substantially revised....Read More

5.

Shanghai Looks to Streamline Cross-Border Trade Procedures

6 July 2018

In a bid to optimise the cross-border trade environment, the Shanghai Municipal Government has introduced a raft of new measures....Read More

6.

China Set to Turn Economic Windfall to Environmental Benefit

4 July 2018

In line with expectations of improved economic growth, the State Council has resolved to leverage upon this upturn in financial performance in order to take action against the deterioration in air qua...Read More

7.

Dedicated Area Set to Trial Hainan’s Future Free Trade Policies and Practices

3 July 2018

As a precursor to Hainan’s shift to full Free Trade Zone status, a move scheduled to be completed by 2020, a 298 sq km site on the east coast of Haikou, the island-province’s capital, is to be develop...Read More

8.

China Imposes Retaliatory Tariffs on US$50 Billion Worth of US Imports

29 June 2018

China is to impose additional import duties of 25% on some US$50 billion worth of US imports. The move, announced by the Customs Tariff Commission of the State Council, will affect 659 product categ...Read More

9.

China Commits to Expanding Imports, Cutting Tariffs and Promoting Trade in Services

28 June 2018

China is looking to increase its import of everyday consumer items, as well as medical, rehabilitation and senior care devices....Read More

10.

Accelerated Depreciation of New Equipment Purchases Allowed on Corporate Income Tax

26 June 2018

Mainland businesses have been given the go-ahead to deduct the full cost of new equipment (those with unit cost up to RMB5 million) – from the taxable corporate income in the purchase year....Read More

11.

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

12.

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

13.

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

14.

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

15.

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

16.

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

17.

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

18.

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

19.

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

20.

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

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