HKTDC RESEARCH

Moves to prioritise job creation via appropriate fiscal and monetary policies were endorsed during the 11 May executive meeting of the State Council. The meeting also addressed the need to keep prices and energy supplies at stable levels, while committing to both subsidising the utility bills of micro, small and medium-sized enterprises and individually-owned businesses and broadening the available channels for private investment.More

The State Administration for Market Regulation recently released a raft of national standards concerning various sectors, including personal consumption, textiles, ecology and the environment, and public safety. These include Wood-Based Flooring for Ground with Heating Systems, Textiles - Quantitative Chemical Analysis and Sand for Construction.More

The State Taxation Administration recently announced its decision to step up export tax rebate policies to support enterprises facing difficulties in operation. The measures, which came into effect from 1 May, include improving the management of enterprises eligible for rebates, improving rebates for the processing trade, and optimising record-filing procedures.More

The State Council recently gave the green light to upgrade five national agricultural science and technology parks into national agricultural high-tech industry demonstration zones. These are located in Changchun, in Jilin province, Jiamusi, in Heilongjiang, Zhoukou, in Henan, Bayannur, in Inner Mongolia, and Changji, in Xinjiang.More