HKTDC RESEARCH

Shanghai Releases Plan to be Global Consumption Centre

08 October 2021

On 18 September, Shanghai released an implementation plan to establish itself as a ‘global consumption centre’. The city, which hopes to promote its “Shanghai Shopping” brand, will strive to make itself a global consumption centre with global influence, competitiveness and prestige by the end of the 14th Five-Year Plan period in 2025.More

Topics: Mainland China, GLOBAL CONSUMPTION CENTRE CITY

New Rules on Import and Export Commodity Classifications to Take Effect in November

08 October 2021

The General Administration of Customs will start implementing its updated import and export commodity classifications rules on 1 November. Under the new rules, commodity classifications shall be based on the actual condition of cargo on arrival at customs supervision areas.More

Topics: Mainland China, IMPORT AND EXPORT COMMODITY CLASSIFICATION

Customs in China and Chile Implement AEO Mutual Recognition Arrangements

08 October 2021

In accordance with the mutual recognition of authorised economic operator (AEO) status, agreed between China and Chile in March of this year, the customs authorities of both countries will provide each other’s AEOs with customs facilitation measures on their export goods starting from 8 October.More

Topics: Mainland China, Central & South America, Authorised Economic Operator, aeo

China Releases Plan for Development of IPR

08 October 2021

According to the 15-year plan (2021-2035) on the development of intellectual property rights (IPR) recently issued by the central authorities, the added value of China’s IPR-intensive industries is expected to account for 13% of GDP by 2025, with the added value of its copyright industry making up 7.5% of GDP. The total annual import/export value of IPR royalties is expected to reach RMB350 billion.More

Topics: Legal Services, Mainland China, intellectual property rights, ipr

Dongguan Firms Eligible for New Cross-Border E-Commerce Funding

08 October 2021

Dongguan has announced it will offer dedicated funding to support cross-border B2B business, including direct exports, exports to overseas warehouses and bonded import bazaars. These measures are effective from 24 August 2021 to 31 December 2023.More

Topics: Mainland China, cross-border e-commerce

China Announces 17 Additional National Food Safety Standards

08 October 2021

The National Health Commission and the State Administration for Market Regulation jointly released 17 additional national food safety standards and one amendment sheet on 7 September. These have to do with food additives, food nutrient fortifiers and limits on pathogens in prepackaged and bulk ready-to-eat foods.More

Topics: Food & Beverages, Mainland China, national food safety standard

China to Stop Issuing GSP Certificates of Origin for Exports to EEU Countries

08 October 2021

The General Administration of Customs has announced that when the Eurasian Economic Union (EEU) stops granting generalised system of preferences (GSP) benefits to goods from China, from 12 October, it will also stop issuing GSP Certificates of Origin to goods for export to EEU countries.More

Topics: Mainland China, GSP CERTIFICATE OF ORIGIN

Nansha Releases 14th Five-Year Plan for Port and Shipping Development

08 October 2021

A development plan for the port and shipping logistics industry in Nansha district during the 14th Five-Year Plan period (2021-2025) was recently released by Guangzhou. The plan aims to increase Nansha’s container throughput to 30.50 million TEUs and cargo throughput to 540 million tons and to achieve complete modernisation of its maritime governance system and capacity by 2035. More

Topics: Mainland China, Nansha, PORT DEVELOPMENT

China Bans Virtual Currency “Mining” Activities

08 October 2021

The National Development and Reform Commission and 10 other regulatory bodies announced, on 24 September, that China will step up its crackdown on virtual currency “mining” activities and strictly ban new “mining” projects. The orderly termination of existing projects will be stepped up and efforts will be made to optimise associated reductions in carbon emissions. More

Topics: Finance & Investment, Environmental Protection, Mainland China, VIRTUAL CURRENCY

Customs Facilitation Measures Revealed for Canton Fair

08 October 2021

Guangzhou Customs has announced it will adopt an integrated customs clearance mode for goods temporarily imported for the 130th China Import and Export Fair (Canton Fair) to be held from 15-19 October. Customs declarations will be handled by the China Foreign Trade Centre or its commissioned official transportation service provider at a dedicated Canton Fair Complex Customs Office. Inspection and release will be carried out by the port customs office.More

Topics: Mainland China, canton fair, facilitation measures

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