China will adopt three measures to encourage its enterprises to “go out”, according to an official from the Ministry of Commerce (MOFCOM) in charge of the outline plan for commercial development under the 11th Five-Year Programme.
As the official explained, encouraging enterprises to “go out” will propel China to participate in international economic cooperation and competition [...]
Shandong’s provincial development and reform commission, department of finance, economic and trade committee, administration of industry and commerce, and local taxation bureau will be introducing a series of preferential policies to promote the development of the service sector.
According to the administration of industry and commerce of Shandong, service companies will be allowed to pay up [...]
The State Food and Drug Administration (SFDA) announced its provisional system for the re-examination of advertisements for drugs, medical equipment and health food on 11 October. From now on, advertisements for drugs, medical equipment and health food approved by local food and drug administrations must be re-examined by SFDA. Advertisements that fail the re-examination may [...]
The State Administration of Taxation (SAT) has issued a circular on strengthening the administration of real estate transfer as personal gift and the collection of taxes on immovable property. Under the circular, tax administration will be strengthened in three areas, namely property transfer on a gratis basis, sale of property received as personal gift, and [...]
To further improve forex settlement under trade in goods, the State Administration of Foreign Exchange (SAFE) has issued a circular on the introduction of an annual review system with effect from 1 November 2006. The annual review is intended to offer greater convenience to enterprises in forex utilisation on the one hand, and boost the [...]
To strengthen supervision on direct selling activities, the Ministry of Commerce (MOFCOM) has recently issued the Measures for the Administration of the Establishment of Direct Selling Service Outlets, which came into force on 20 October 2006.
Formulated on the basis of the Regulations on the Administration of Direct Selling, the measures specify that enterprises’ applications for [...]
