MAINLAND CHINA

Low-Value Shipments Could Become Subject to Section 301 Tariff

14 September 2020

Imported low-value goods shipped directly to U.S. consumers could become subject to Section 301 tariffs under a proposed rule being developed by U.S. Customs and Border Protection. This proposal could also result in such goods being assessed regular most-favoured-nation duties. More

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Online Canton Fair Returns in October

14 September 2020

The Ministry of Commerce (MOFCOM) announced at its 10 September press briefing that the 128th China Import and Export Fair (Canton Fair) will be held online from 15-24 October. More

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Navigating Covid-19: A ‘Big Health’ Promoter

14 September 2020

Social changes and Covid-19 have encouraged - if not obliged - Hong Kong businesses to move online and make use of cross-border e-commerce in order to open up the mainland market. With the health awareness of many mainland consumers having improved since the launch of the Healthy China Initiative, the ‘big health’ industry could be set to create many new opportunities for Hong Kong businesses despite the currently challenging environment. More

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China to Support New Business Models for New Types of Consumption

14 September 2020

The State Council executive meeting chaired by Premier Li Keqiang on 9 September confirmed measures to support new business formats and models to boost new types of consumption and promote economic recovery and growth. More

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Mainland Customs Adjusts Regulatory Requirements for Some Incoming and Outgoing Goods

10 September 2020

The General Administration of Customs announced on 28 August that the regulatory requirements for some incoming and outgoing goods have been adjusted with immediate effect (Announcement No. 99 [2020]). More

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White House Budget Office Focuses on U.S. Spending Related to Mainland China

09 September 2020

The White House Office of Management and Budget sent a memo on 27 August requiring all federal agencies to submit “cross-cutting data” on funding used for mainland China-related programmes. The “Strategic Competition with China Crosscut” reporting requirement will ostensibly be used to inform policymakers of Trump administration efforts to ensure that funding continues to reflect strategic priorities. More

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Ministry of Commerce Hosts Domestic Sales Promotions

09 September 2020

The Ministry of Commerce announced at a press conference on 3 September that, starting 8 September, a series of promotions to sell goods intended for export would be launched in Tianjin Jinjie Pedestrian Street, Harbin Central Avenue Pedestrian Street and Shenzhen Dongmen Pedestrian Street. More

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Guangzhou Passes Action Plan for Implementation of Financial Measures for the Greater Bay Area

09 September 2020

The Guangzhou city government executive meeting chaired by Mayor Wen Guohui on 2 September passed an action plan for implementation of financial measures to support the development of the Greater Bay Area. More

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New Resource Tax Collection Rules Take Effect

09 September 2020

According to an announcement (No. 14 [2020]) recently issued by the State Taxation Administration, taxpayers who mix-purchased and self-exploited raw ores for sale as raw ores, or mix-purchased and self-exploited ore-dressing products for sale as ore dressing products, may directly deduct the purchase value or quantity of their purchased raw ores or ore dressing products when calculating the sales value or quantity of the taxable goods starting from 1 September 2020. More

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The Greater Bay Area: Water Solutions

09 September 2020

Scottish company Barr + Wray Ltd specialises in designing and building pools, spas, and wave machines for hotels, spas, swimming pools and water parks around the world. Established in 1959, it now has a portfolio of more than 2,000 projects in over 40 countries around the world. In 2011, it made Hong Kong its Asian headquarters and is now preparing to ride the new wave of opportunity created by the Greater Bay Area initiative. More

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