MAINLAND CHINA

CPSC Recalls Various Products Made in Mainland China

06 August 2019

The CPSC has announced a recall of the following products made in mainland China. Products: Magnetic Trivets, Inclined Sleepers, Infant Sock and Rattle Sets, and Trampolines. More

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Shenzhen Revises Tax Deductions and Exemptions Schedule

05 August 2019

Shenzhen has revised its policy with regard to tax deductions and exemptions. The changes, announced by the Shenzhen Tax Service, took effect as of 1 June 2019. More

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U.S. to Impose 10 Percent Additional Tariff on All Remaining Imports from Mainland China on 1 September

05 August 2019

President Trump has announced that beginning on 1 September he will impose a 10 percent additional tariff on virtually all of the remaining US$300 billion worth of goods imported from mainland China that are not already subject to Section 301 tariffs (List 4 goods). More

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USTR Lighthizer Offers Administration’s Views on Various Trade Issues

05 August 2019

On 18 June, USTR Lighthizer appeared as the sole witness before the Senate Finance Committee. Given the limited time in the public hearing, senators were able to submit additional questions for the record to Lighthizer and his team. The questions and answers from committee members of both parties have now been made public, consisting of 66 pages encompassing all aspects of U.S. trade policy. More

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Miscellaneous Latin American AD Actions on Mainland Chinese Products

05 August 2019

Topics: Mexico Launches AD Probe of Slide Fasteners; Argentina Issues Results of AD Anti-Circumvention Review of Footwear; More

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Commodity Reserve Management Companies Enjoy Preferential Tax Treatment

02 August 2019

Commodity reserve management companies are to be exempt from stamp duty on books of accounts and the purchase and sale contracts concluded in the course of conducting commodity reserve business. More

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China Announces Changes to Port-of-Exit Duty-Free Operations

02 August 2019

The geographic and category restrictions governing port-of-exit duty-free shops are to be relaxed. This will see any business with a five-year track record of successfully operating port-of-exit / downtown duty-free facilities eligible to bid for any duty-free franchise. More

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China Unveils New Funding Arrangements for Small, Private Sector Businesses

02 August 2019

The Ministry of Finance has announced a range of measures designed to boost the development of small and micro firms in the private sector, particularly with regard to funding and access to financial services. More

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Jiangsu Looks to Accelerate Development of High-Tech Sector

01 August 2019

Jiangsu has unveiled a raft of measures designed to accelerate the growth of micro, small and medium-sized tech-focused businesses. More

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China Announces Further Opening Up of Financial Sector

01 August 2019

A raft of 11 measures relating to the further opening up of China’s financial markets have been announced. These include foreign-invested institutions being permitted to conduct credit ratings relating to all the bonds traded on China’s inter-bank and exchange-traded bond markets. More

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