MAINLAND CHINA

Guangdong Releases Development Plans for Zhuhai, Shantou and Zhanjiang

21 April 2021

On 2 February, the provincial party committee and provincial government of Guangdong issued three plans for the development of Zhuhai, Shantou and Zhanjiang respectively through until 2035. More

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China Updates Registration Procedures for Infant Formula Milk Powder Products

21 April 2021

In line with the requirements of the new national safety standards for infant formula food products promulgated on 22 February 2021, which will take effect on 22 February 2023, the State Administration for Market Regulation issued an announcement on matters concerning the registration of formulas for such products (No. 10 [2021]) on 23 March. More

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Price tag on carbon footprints

21 April 2021

Businesses in Mainland China, a leading exporter of manufactured goods and importer of commodities, need to keep a weather eye on a host of prices – from gold and crude oil to iron ore and bauxite. More

hktdc research

China Offers Tax Incentives for Import of Next-Generation Display Devices and Equipment

20 April 2021

The Ministry of Finance, General Administration of Customs and State Taxation Administration recently issued a joint circular (Cai Guan Shui No. 19 [2021]) on tax incentives for the import of display devices. More

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China Offers Enhanced Pre-Tax Deductions of R&D Expenses

19 April 2021

On 31 March, the Ministry of Finance and the State Taxation Administration issued an announcement (No. 13 [2021]) on the policy of enhanced pre-tax deductions of R&D expenses. More

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SAMR Unfolds 2021 Plan for Product Quality Supervision and Sampling Inspection

19 April 2021

On 25 March, the State Administration for Market Regulation (SAMR) announced details of a plan for product quality supervision and sampling inspection in 2021 (Announcement No. 11 [2021]). More

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IRAN: 25-Year Cooperation Agreement with China Signed

19 April 2021

Iran and China have signed a 25-year strategic cooperation agreement aimed at deepening trade, economic and transport cooperation. Signed on 27 March 2021, few specific details have yet been released on the Comprehensive Strategic Partnership (CSP), as the agreement has been called, but it will cover a variety of economic activities ranging from oil and mining to promoting industrial activity in Iran More

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Section 301 Tariffs on Certain Mainland Chinese Watch Cases Could Be Removed

16 April 2021

A recent proposal from U.S. Customs and Border Protection would eliminate Section 301 tariffs on certain watch cases made in mainland China. This proposal would also affect continued eligibility for duty preferences when these components are manufactured under free trade agreements or preference programmes incorporating a substantial transformation rule of origin test. More

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China Extends Preferential VAT Policies for Small-Scale Taxpayers

16 April 2021

On 31 March, the State Taxation Administration issued an announcement concerning the exemption of small-scale taxpayers from the collection of value-added tax (VAT) (Announcement No. 5 [2021]). More

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China Simplifies CCC Alteration Procedures

16 April 2021

On 18 March, the Certification and Accreditation Administration issued a circular to designated compulsory product certification institutions (Guo Ren Jian No. 2 [2021]). More

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