HKTDC RESEARCH

Guangdong to Help Young People From Hong Kong and Macao to Work and Start Businesses in GBA

25 May 2022

Guangdong recently announced measures supporting Greater Bay Area (GBA) employment and entrepreneurship among young people from Hong Kong and Macao. More

Topics: Mainland China, Hong Kong, employment, start-up

SRI LANKA: New Rules Issued Curtailing Open Accounts Import Payments

25 May 2022

Importing goods to Sri Lanka through open account payment terms or consignment account terms has been banned by the Ministry of Finance effective 20 May 2022, according to a 9 May press release.More

Topics: ASEAN, Other Asian Countries, IMPORT PAYMENT, OPEN ACCOUNT PAYMENT

NIGERIA: Terminal Operators Given Two Months to Comply with POF

25 May 2022

Terminal operators and freight forwarders at Nigeria’s seaports have two months to implement the Practitioners Operating Fees (POF) requirement or face sanctions.More

Topics: Africa, Nigeria, freight forwarding, TERMINAL OPERATOR

INDIA: Details Released on Product Exclusions from the New UAE CEPA

24 May 2022

India has published a list of more than 1,000 goods excluded from the Comprehensive Economic Partnership Agreement (CEPA) signed with the United Arab Emirates (UAE), which entered into force on 1 May 2022.More

Topics: Other Asian Countries, Middle East, INDIA-UAE CEPA, tariff

Chengdu-Chongqing Economic Circle: Objectives and Planning Rationales

24 May 2022

The Master Plan for the Construction of the Chengdu-Chongqing Economic Circle issued by the CPC Central Committee and State Council in October 2021, identifies Chengdu, 27 districts (and counties) in Chongqing, and 14 other Sichuan cities as the “Chengdu-Chongqing Economic Circle”. This article introduces the Master Plan and analyses its guiding principles and planning rationale from a macro perspective.More

Topics: Architecture & Planning, Mainland China, ADVANCED MANUFACTURING, DUAL CIRCUALTION

China Announces Unemployment Insurance Rebate Scheme for Qualifying Businesses

20 May 2022

All enterprises participating in unemployment insurance schemes may apply for premium rebates until 31 December this year provided that they either make no layoffs or their layoff rate / total number of employees is deemed to be within acceptable parameters.More

Topics: Mainland China, unemployment insurance, employment

China Issues 14th Five-Year Plan for Advertising

20 May 2022

Released recently by the State Administration for Market Regulation, China’s 14th five-year plan for the development of the advertising industry sets out development targets as well as policies to reduce operating costs. The plan encourages technological innovation, digital transformation and more rational distribution of industrial resources.More

Topics: Advertising Services, Mainland China, DIGITAL TRANSFORMATION

China Unveils 14th Five-Year Plan for Bioeconomy

20 May 2022

According to the 14th five-year plan for the development of China’s bioeconomy released recently by the National Development and Reform Commission, by 2025 the country will have reached new heights in its bioeconomic development and strengthened its overall science and technology capabilities. By 2035, China should be a world leader in bioeconomics, with well-established systems and institutions in place.More

Topics: Technology, Mainland China, BIOECONOMY

China Issues Guidance on High-Quality Development of Industrial Textiles Manufacturing

19 May 2022

According to a set of guiding opinions recently released by the Ministry of Industry and Information Technology and National Development and Reform Commission on the high-quality development of industrial textiles manufacturing, enterprises above a certain size should aim to achieve 6% annual growth in industrial added-value by 2025.More

Topics: Garments, Textiles & Accessories, Mainland China, INDUSTRIAL TEXTILES

China to Launch Pilot Projects for Integration of Domestic and Foreign Trade

19 May 2022

The Ministry of Commerce and 13 other government departments recently issued a notice regarding the launch of pilot projects to advance the integration of domestic and foreign trade. Efforts will be made to improve the relevant regulatory and control systems, promote positive innovation in domestic and foreign trade laws, regulations, quality standards and monitoring systems, and foster enterprises that integrate domestic and foreign trade.More

Topics: Mainland China, INTEGRATION OF DOMESTIC AND FOREIGN TRADE

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