MAINLAND CHINA

China Unveils Measures for Stabilising Employment

17 January 2020

Pressure to stabilise employment in China is growing as risks and challenges at home and abroad grow. Opinions on Further Stabilising Employment (Guo Fa No. 28 [2019]), a directive recently issued by the State Council, proposes measures to ward off the risk of mass unemployment and ensure overall employment stability. More

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China Implements New Annual Returns and Reporting Procedures for Foreign-invested Enterprises

17 January 2020

New foreign investment information reporting procedures came into effect as of 1 January this year. As outlined in the Measures of the Foreign Investment Reporting System (MOFCOM Order No. 2 [2019]) – legislation jointly formulated by the Ministry of Commerce and the State Administration for Market Regulation – these supersede the previously mandatory approval, record-filing and joint annual report requirements. More

life & style

Licensed to thrive

17 January 2020

Whether the business is fashion, entertainment or food, taking on a high-profile brand is a sure way into consumers’ lives, delegates at this month’s Asian Licensing Conference learned. More

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Industrial Structure Adjustment Guidance Catalogue Takes Effect alongside New Import Tariff Concessions

16 January 2020

A new Industrial Structure Adjustment Guidance Catalogue (2019), released by the National Development and Reform Commission, came into force on 1 January 2020. More

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China Issues Judicial Interpretation on Foreign Investment Law

16 January 2020

The Supreme People’s Court of the People’s Republic of China recently issued new guidelines on the laws applicable in cases involving investment contract disputes between subjects of equal standing. More

venture hong kong

Fresh boosts for Hong Kong SMEs

16 January 2020

Small and medium-sized enterprises (SMEs) in Hong Kong face unprecedented challenges, but revolutionary progress in technology and China’s keystone projects – the Belt and Road Initiative and Guangdong Hong Kong Macao Greater Bay Area – present many equally unprecedented opportunities. More

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China and US Sign Phase One Economic and Trade Agreement

16 January 2020

China and the US formally signed their phase one economic and trade agreement on 15 January 2020, with Chinese Vice Premier Liu He and US President Donald Trump inking the papers in the White House. More

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U.S. and Mainland China Sign Phase One Trade Deal

16 January 2020

The United States and mainland China signed on 15 January a phase one trade agreement under which the United States has suspended some tariff increases and will roll back others in return for what the White House called “structural reforms and other changes to China’s economic and trade regime.” Formal notice of the reduction in the tariff on List 4 goods from 15 percent to 7.5 percent will be published in the next few days and will apply from 14 February. More

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Mainland China Delisted as Currency Manipulator

16 January 2020

The U.S. Treasury Department has rescinded mainland China’s designation as a currency manipulator in its most recent semi-annual foreign exchange rate report. Treasury states that in the phase one trade agreement, which was signed on 15 January in Washington, D.C., mainland China “has made enforceable commitments to refrain from competitive devaluation and not target its exchange rate for competitive purposes.” More

hktdc research

Full Details of Phase One of China-US Trade Agreement Released

16 January 2020

Full details of the Economic and Trade Agreement Between the Government of the People’s Republic of China and the Government of the United States of America, as signed by both parties in Washington, were released on 16 January. More

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