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point.gif (302 bytes) Faster, cheaper internet services to boost demand, benefit people

China will extend 1,000-Megabyte broadband connection to more than 300 cities and cut the average service rates by 15 percent for small and midsized enterprises this year. The measures are designed to achieve multiplying effects of expanding domestic demand, boosting employment and improving people¡¯s lives.

The decision was made at the State Council¡¯s executive meeting chaired by Premier Li Keqiang on May 14.

The Chinese government puts high importance on work relating to broadband connections at reasonable rates. General Secretary Xi Jinping issued instructions on several occasions, stressing the need for enhanced information infrastructure building to provide people with accessible, affordable and user-friendly information services. Premier Li Keqiang emphasized that solid efforts must be made for faster and more affordable internet services and sharpen the country¡¯s international competitiveness in this regard.

Figures from the Ministry of Industry and Information Technology show that 1,000M broadband has been piloted in 100-plus Chinese cities. The country now has more than 3.76 million 4G base stations and 1.17 billion-strong 4G network users.

It was agreed at the meeting that as required by the Central Economic Work Conference and the Government Work Report, efforts must be intensified to make internet services faster at a lower rate. This will not only benefit and facilitate companies and the people, but will also help boost effective investment and harness the digital economy¡¯s role in driving China¡¯s economic and social development.

¡°We need to upgrade our internet services. This is a key measure to boost consumption and meet the needs of our massive cellphone users,¡± Premier Li said.

Participants at the meeting agreed that upgrading and expanding the capacity of internet infrastructure should be an important area in boosting effective investment. By the end of this year, fiber-to-the-home (FTTH) ports relative to all broadband ports will be raised to more than 90 percent, 1,000M broadband will be extended to more than 300 cities, and base stations for mobile internet will be upgraded with expanded capacity. The goal is to raise the speed of both fixed-line and mobile internet services to 1,000M.

Broadband networks will cover 97 percent of primary and middle schools nationwide this year, and dedicated internet services will be made available over time in hospitals and medical consortiums above the county level.

¡°The industrial internet, education and medical care are our priorities in upgrading internet services in order to boost industrial development, improve access to quality medical resources and promote fairness in education,¡± Premier Li said.

Basic telecommunication service providers will be encouraged to further lower prices. The goal this year is to cut the average broadband service rate for small and midsized enterprises by 15 percent, the average rate for mobile internet services by more than 20 percent, and roaming charges for internet traffic between the mainland and Hong Kong and Macao by 30 percent. A ¡°floor-price¡± rate will be set for low-income and elderly populations.

Basic telecommunication service providers will be urged to ensure that cellphone users nationwide can switch service carriers without changing phone numbers by the end of November, and any extra term required for this service will be looked into. These companies will also be urged to straighten out their service packages to trim the packages available by more than 15 percent within this year, bringing more benefits to consumers.

¡°There is huge consumer demand for internet services in our country. We must encourage fair competition, and ensure that our measures to lower internet service charges are fully delivered as they are an important part of our efforts in improving people¡¯s lives,¡± Premier Li said.(May 17,2019)  from english.gov.cn
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point.gif (302 bytes) 2nd Digital China Summit: More technologies to upgrade traditional sectors

With China¡¯s digital economy accounting for over one third of its GDP, many hope new policies can better protect data and properly regulate its usage. That¡¯s one reason why thousands have descended on the second Digital China Summit in East China¡¯s Fujian province.

More than 1,500 officials, company representatives and scholars are attending this second Digital China Summit in Fuzhou.

Industry leader Digital China Group is one of them. Its Chairman Guo Wei says the key is properly applying 5G and AI where needed.

¡°One of our major challenges is how to use the latest technologies to upgrade the infrastructure of traditional sectors. Many digital companies don¡¯t understand the real needs of traditional industries,¡± Guo said.

From e-governance to smart cities and factories, China¡¯s digital economy has produced a vast expanse of data. Many companies expect more policy support to share and make the best use of the data value.

Chen Tao, executive president of IFLYTEK Co Ltd said: ¡°Data among government departments is shared, but whether it is possible to open data sources to companies for public use, there is no clear policy.¡±

According to a recent white paper, China¡¯s domestic digital economy reached 31.3 trillion yuan in 2018. That¡¯s about $4.6 trillion, and roughly 34.8 percent of China¡¯s GDP. Through this summit, these companies hope that more collaboration will find new solutions for challenges ahead.  (May 11,2019)  from english.gov.cn
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point.gif (302 bytes) More pilot practices from FTZs to be replicated nationwide

The State Council issued a circular on April 30 that decided to replicate the fifth batch of pilot practices from free trade zones.

The circular covers a total of 18 practices, 17 of which are expected to be replicated nationwide and one within free trade zones.

In the investment management field, the circular decided to replicate five practices nationwide involving simplified notarization, tax files, online cross-region tax-related matters, optimized tax handling procedures, and application of company names.

As for trade facilitation, six items concerning facilitating import and export clearance of international vessels, export rebates of production-oriented export enterprises, transportation mode of China-EU freight trains, and other items will be promoted nationwide.

Six practices regarding public credit information management, inspection of imported grains quarantine, and supervision on bonded oil will also be replicated nationwide.

Pilot cooperative notary organizations will be replicated in the investment field of pilot free trade zones, according to the circular. (May 5,2019)  from english.gov.cn

point.gif (302 bytes) CPC Central Committee issues regulation on evaluation of officials

BEIJING ¡ª The Communist Party of China (CPC) Central Committee has released a regulation on the evaluation of Party and government officials, according to a CPC Central Committee circular.

Evaluation of officials is an important measure for adhering to and strengthening the overall leadership of the CPC and promoting the implementation of decisions and arrangements made by the CPC Central Committee, according to the circular.

It is also a major tool for encouraging officials to shoulder responsibilities and make achievements, and for advancing their career development, the circular said.

The regulation, with 11 sections, stresses that officials should be evaluated based on their morality, capability, work conduct, work performance and integrity.

It also defines awards and punishments based on evaluation results.

The regulation went into effect on April 7. April 26, 2019,     from english.gov.cn
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point.gif (302 bytes) New rules on inspecting, assessing government websites and new media outlets

Operations of nationwide government websites and new media outlets should be inspected semi-annually, and supervision of them be assessed annually, according to a circular released by the general office of the State Council on April 18.

According to the circular, a government website or new media outlet will be assessed as unqualified if any of the following problems are found: disclosure of state secrets, occurrence of safety accidents, or failure to update homepages, among others.

Their evaluation points will deducted if there are any defects in releasing news and policy analysis, offering government service, or responding to users¡¯ messages and inquiries, among others.

Meanwhile, a government website or new media portal will get bonus points if data can be updated in a timely manner, policies can be interpreted accurately, or high-quality government service can be provided, among others. April 22, 2019,     from english.gov.cn
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point.gif (302 bytes) Foreign investors benefit from opening-up of China¡¯s financial market

From April, China¡¯s yuan-denominated bonds start to become part of the Bloomberg Barclays Global Aggregate Index (GAI), a global benchmark, giving investors greater access to the world¡¯s third-largest bond market.

A total of 356 yuan-denominated government and policy bank bonds will be added into the Bloomberg Barclays GAI over the next 20 months, making Chinese bonds the fourth largest currency component. April 19, 2019,     from english.gov.cn
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point.gif (302 bytes) State Council urges government information publicity

Government at all levels should strengthen the publicity of government information, with the general office of the State Council and local governments at or above county level leading the work, according to a State Council circular released on April 15.

Government at all levels should establish a system for publicizing government information, and designate a department to take care of its daily work, the circular said.

All information, except for any involving State secrets, business secrets, individual privacy, and internal affairs of the government, should be open to the public by active disclosure or upon application, the circular added.  April 17, 2019,     from english.gov.cn
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point.gif (302 bytes) Division of tasks laid out for implementing govt work report

The State Council released a document on April 9 detailing the division of main work tasks among ministries and departments for implementing the 2019 Government Work Report.

A total of 98 tasks in 13 aspects are appointed in line with their functions.

The implementing of major social economic goals is the responsibility of the National Development and Reform Commission, Ministry of Finance, Ministry of Human Resources and Social Security, Ministry of Ecology and Environment, Ministry of Commerce, the central bank, General Administration of Customs, China Banking and Insurance Regulatory Commission, State Administration of Foreign Exchange and others.

According to the Government Work Report, the main targets for economic and social development in 2019 are set as follows: GDP growth of 6¨C6.5 percent; over 11 million new urban jobs, a surveyed urban unemployment rate of around 5.5 percent, and a registered urban unemployment rate within 4.5 percent; CPI increase of around 3 percent; a basic equilibrium in the balance of payments, and stable, better-structured imports and exports; a macro leverage ratio that is basically stable, and effective prevention and control of financial and fiscal risks; a reduction of over 10 million in the rural poor population; personal income growth that is basically in step with economic growth; a further improvement in the environment; a drop of about 3 percent in energy consumption per unit of GDP; continued reductions in the discharge of major pollutants.

The Ministry of Finance and State Taxation Administration will lead the job of implementing tax cuts. The policy of reducing employers¡¯ social insurance premium payment burden will be led by the Ministry of Human Resources and Social Security and Finance Ministry.

The General Office of the State Council will lead the implementation of the further reform of streamlining administration, delegating power and improving regulations and services.

According to the Government Work Report, the government will promote high-quality manufacturing, strengthen the foundations of industry and the capacity for technological innovation, boost the integrated development of advanced manufacturing and modernized services, and work faster to make China strong in manufacturing. That work will be taken by the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Science and Technology.

The National Development and Reform Commission, the Ministry of Finance, and the State Taxation Administration will be responsible to increase urban and rural personal incomes, boost capacity for consumption, and fully implement the revised Individual Income Tax Law to see that approximately 80 million taxpayers to whom reductions apply get the most out of these policies.

The National Development and Reform Commission also will lead the work of allocating 577.6 billion yuan ($86 billion) in the central government budget for related investment in 2019, an increase of 40 billion yuan from last year.

The State Council Leading Group Office of Poverty Alleviation and Development will lead the work of intensifying poverty alleviation in areas of extreme poverty, strengthen infrastructure development in such areas, and ensure social safeguards for the most vulnerable groups.

The National Development and Reform Commission and other relative departments will be responsible for promoting coordinated development across regions and improving the quality of new urbanization.

The Ministry of Ecology and Environment and other departments are responsible for preventing and controlling pollution. This year, sulfur dioxide and nitrogen oxide emissions should be cut by 3 percent, and there should be a continuous decline in PM 2.5 concentrations in key areas, according to the Government Work Report.

The State-owned Assets Supervision and Administration Commission, National Development and Reform Commission, and some other departments are responsible of accelerating state capital and SOE reforms, strengthening and improving the regulation of state assets, and continuing to conduct trial reforms to establish state capital investment and management companies.

According to the Government Work Report, China will follow the principle of competitive neutrality, treat enterprises under all forms of ownership equally when it comes to access to factors of production, market access and licenses, business operations, government procurement, public biddings, and so on. The National Development and Reform Commission, the Ministry of Industry and Information Technology and the Finance Ministry will be responsible to deliver that work.

The National Development and Reform Commission and the Ministry of Commerce will be responsible for further easing controls over market access, shortening the negative list for foreign investment, and permitting wholly foreign funded enterprises to operate in more sectors.

In 2019, government budgetary spending on education will remain above 4 percent of GDP, and central government spending on education will exceed 1 trillion yuan, which will be delivered by the Finance Ministry and the Ministry of Education.

The document also directs specific departments to implement policies on ethnic affairs, religion, overseas Chinese nationals, national defense, Hong Kong, Macao and Taiwan affairs, and diplomacy. April 11, 2019,     from english.gov.cn
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point.gif (302 bytes) State Council amends 6 regulations to fit online govt services

The State Council released an order on April 10 amending six administrative regulations that are not compatible with the development of online government services.

The amendments are meant to advance the reforms to streamline administration, delegate power, improve regulation and upgrade services, and to promote online government services, the order said.

After reviewing some regulations that go against the trend that all government services can be accessed through one website, the State Council decided to amend some articles of six regulations, according to the order.

The amended regulations are on urban road oversight, levying of social insurance premium, housing fund oversight, the operation of internet bars, immovable property registration and the development and operation of urban real estate. April 11, 2019,  from english.gov.cn
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point.gif (302 bytes) China to introduce policies to lessen burden on businesses and individuals

China will take measures to reduce government-levied charges and operating service charges in order to further lessen the burden on businesses and individuals. The personal postal articles tax rates will also be lowered to expand imports and boost consumption, the State Council executive meeting chaired by Premier Li Keqiang decided on April 3.

General Secretary Xi Jinping stressed at the Central Economic Work Conference that it is crucial to effectively reduce the burden on companies, make electric power transactions more market-based, and cut electricity and logistics costs. Premier Li Keqiang pledged in the Government Work Report this year to take reform measures to lower business-related charges. Electricity costs in manufacturing will be reduced, and the average utility rates for general industrial and commercial businesses will be cut by another 10 percent. A number of railway and port charges will be abolished or reduced. Average broadband service rates for small and medium-sized enterprises will be cut by another 15 percent, and the average rates for mobile internet services, by more than 20 percent.

It was decided at the meeting that starting from July 1, charges on real estate registration will be cut or canceled. The coverage of patent applications and annual fee reductions will be expanded.

Charges on exit and entry travel documents such as private passports, registration of certain trademarks, and radio frequency uses in electricity and the Internet of Vehicles will be further reduced. Significant reductions in these charges are part of the plan. For example, ownership registration fees for real estate such as garage and parking spots will be reduced from 550 yuan to 80 yuan each. And the registration fee for continued use of trademarks will go down from 1,000 yuan to 500 yuan.

Payments by airline companies to the civil aviation development fund and national major water conservancy construction fund will be halved. Charges for national cultural programs faced by centrally administrated enterprises and institutions will be cut by half, effective until the end of 2024.

It was also decided at the meeting that mobile internet service rates and broadband service rates for small and medium-sized enterprises will be reduced by about 180 billion yuan in 2019; average electricity rates for general industrial and commercial businesses will be trimmed; prices for rail freight transport will be lowered; port charges will be cut or merged, and the charge for citizens¡¯ ID information certification will be revoked.

The measures identified at the meeting are the most recent moves for fee reduction following the lowering of the social insurance contribution rate. Full delivery of these measures is expected to lighten the fee burden on companies and individuals by more than 300 billion yuan in 2019.

¡°Tax and fee cuts are a key measure to tackle the downward economic pressure this year. They are a major policy initiative. Cutting fees could serve multiple purposes. All government departments must do their best to effectively ease the burden on businesses and deliver real benefits to consumers,¡± Premier Li said. ¡°This will also boost our industrial development.¡±

The meeting also worked out measures for cutting personal postal articles tax rates. Starting from April 9, the tax rate on food and medicine will be cut from 15 percent to 13 percent, and the tax rate on textiles and electrical appliances will be trimmed from 25 percent to 20 percent. April 4, 2019,  from english.gov.cn
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point.gif (302 bytes) Premier Li stresses heavy price for food safety violations

¡°Those responsible for any serious food safety incidents must be punished to bankruptcy!¡± Premier Li Keqiang said at the State Council executive meeting on March 26.

The meeting adopted the draft regulation on the implementation of the Food Safety Law of the People¡¯s Republic of China.

The draft defines the main responsibility of production operators, supervision duties and accountability measures of the government.

It also outlines decisions to severely punish enterprises and their legal representatives who violate laws and regulations, and to improve food safety standards and risk monitoring.

¡°Although some progress has been made in food safety work in recent years, it is still far from the expectations of the people,¡± the Premier said, adding that the bottom line must be firmly held to ensure food safety and safeguard people¡¯s health.

Premier Li reiterated that penalties should be further increased for violators and their legal representatives, and study on a punishment mechanism to expel them from the market for life must be accelerated.

¡°It is necessary to clarify the departments responsible for executing large-scale fines according to legal procedures, ensuring reasonable punishment rules, and powerful law enforcement,¡± he said.

The regulation must be put into real practice to ensure that the punishment serves as a real deterrent, the Premier said. April 2, 2019,  from english.gov.cn
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point.gif (302 bytes) More preferential policies for foreign investment come into play
Premier Li Keqiang delivered a speech at the Boao Forum for Asia annual conference on March 28, introducing a round of preferential policies conducive to the expansion of financial market opening.

The proposed Foreign Investment Law, the Premier said, will play a significant role in establishing a law-based, international, and convenient business environment.

The Chinese government has set about enacting related regulations to underpin the Foreign Investment Law, with concrete rules. And the overall preparation campaign will be rounded out by the end of 2019, in a bid to implement the law on Jan 1, 2020.

China will stick to reform, opening-up, and a neutral stance on competition. In the meantime, any rules or regulations that go against the Foreign Investment Law should be amended or annulled.

China will continue with the expansion of its financial market opening for foreign investment, allowing the management mode of pre-establishment national treatment (PENT) with a negative list to come into full play.

The negative lists for foreign investment will greet a new amendment by the end of June, along with a guiding list of industries calling for active participation from foreign investors. Modern service sectors featuring medical institutions and education, transportation sectors, infrastructure and more will open to foreign investment.

Enterprises of all types of ownerships will receive equal treatment and compete on a level playing field. And costs for customs services will be substantially reduced, with customs clearance taking less time, Premier Li said.

China will protect the legal rights of enterprises across the board, whatever their ownership structure. And China will unswervingly safeguard intellectual property rights, with an amendment on the Patent Law under deliberation.

Harsher compensations for property rights violations will be taken into account. And forcible technology transferring will be banned, the Premier said.

Further improvements will be made in the complaint mechanism for foreign enterprises. Meanwhile, a widely accessible channel for coordination between the government and foreign enterprises will become an efficient platform to safeguard their legal rights.

China¡¯s finance industry will continue to open up, with an all-around market access expanding to the sectors of banking, bond, and insurance. And the business scope of foreign banks will also see considerable expansion.

Foreign investors will be encouraged to establish investment-oriented startups with more favorable policies offering support.

The bond market, the Premier said, will continue to open up, with improved policies conducive to overseas investment and transactions of Chinese bonds.

Playing a significant role in the process of China¡¯s opening-up, enterprises established by entrepreneurs from Hong Kong, Macao, and Taiwan will continue to enjoy preferential status.

More opportunities will come to the fore for these enterprises, highlighting wider market access to industries including finance, professional services, and high-end manufacturing, among others.

Additionally, measures conducive to the exchange of talent and production factors between the mainland and Hong Kong, Macao, and Taiwan will continue to come into play, in a bid to form a positive environment for investment.  March 29,2019,  from english.gov.cn
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point.gif (302 bytes) China to further improve business climate focusing on weak links

China will work harder this year for a more enabling business environment by tackling areas of weakness to better energize the market and stimulate social creativity, the State Council¡¯s executive meeting chaired by Premier Li Keqiang decided on March 26.

The Chinese government puts great emphasis on improving the business climate. General Secretary Xi Jinping stressed the need to improve the investment and market environment by advancing opening-up and cutting costs for market operations in an effort to create a fair, transparent and predictable business environment. Premier Li Keqiang said in the Government Work Report this year that the government will work to energize market entities, and maintain and increase their level of activity by improving the business environment and cutting institutional transaction costs.

The meeting on March 26 called for redoubled efforts to tackle the pressing issues and measure up to advanced standards in fighting the tough battle of improving the business environment.

The government will further streamline administration by cutting procedural requirements, including shortening the negative list on market entry, separating business licenses and operating permits, simplifying the review process for construction projects, and reducing the types of industrial production permits. The goal is to cut the time required for starting a business to within five working days, and for companies to access electricity service to within 45 working days before the end of this year.

¡°Governments at all levels must take improving the business climate as a key measure for stimulating market dynamism. Just as the tax and fee cuts are designed to lessen corporate burdens, improving the business climate is meant to serve the same purpose. In face of fierce international competition, we must tackle all the areas of weakness in our business environment, such as access to credit service and bankruptcy filing,¡± Premier Li said.

It was also decided at the meeting to implement the principle of competitive neutrality, and overhaul the policies and measures that hamper the growth of private businesses or fail to treat domestic and foreign investors as equals. The fair competition review system will be implemented in all governments, including and above the county-level, before the end of this year. Under this system, all business-related policies will go through fair competition review, and mechanisms for filing complaints and third-party evaluation will be established to forestall or redress any action that precludes or constrains competition. In the meantime, it is imperative to enhance impartial regulation and tackle inadequacies in government oversight or corporate enforcement of their primary responsibilities. In areas concerning public safety and health, a system of hefty fines and compensations will be set up to hold companies accountable for the grave consequences arising from their breach of law.

The meeting also urged comprehensively enhancing the protection of intellectual property and promoting credit rating-based regulation to foster a dynamic, fair and orderly market.

¡°We must move quickly to sort through existing decrees to see that our policies are open, transparent and pro-free trade,¡± Premier Li said.  March 27, 2019, from english.gov.cn
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point.gif (302 bytes) Premier pledges favorable policies concerning people¡¯s livelihoods
Premier Li Keqiang pledged to continuously improve people¡¯s well-being in the process of developing the Chinese economy and to put focus on the key areas and major difficulties faced by the people during a meeting with the press on March 15.

Provide public rental housing units for free to certain private operators

According to Premier Li, to address issues related to aged and child care, the government needs to provide policy support. For example, the government may provide public rental housing units for free to private operators as venues of facilities for providing assisted meals, assisted mobility, day care, rehabilitation, and even open senior colleges.

The government also may provide tax exemption or tax-free treatment for these service providers in terms of their expenses for water, electricity and natural gas, he added.

The main job of community-level officials and competent departments is to ensure fair market access and enhance oversight so that these services will be both safe and reliable, and those who break the rules will be driven out of the market, the Premier said.

¡°In this way, we will be able to keep our senior citizens, our children and all families reassured,¡± he said.

Provide more policy support for those companies that hire more

The status of the jobs-first policy is elevated to a macro policy with the fiscal policy and monetary policy this year for the first time, Premier Li said, adding that the tax cuts under the fiscal policy, as well as cutting real interest rates under the monetary policy, are all designed to ensure employment.

Efforts will be made to apply a combination of measures, including promoting employment for key groups of people, like college graduates, demobilized military personnel and laid-off workers, the Premier said.

To make sure there will be no zero employment families, the government will provide more policy support for those companies that hire more, while expanding the platforms to encourage business startups and innovation as a way to generate more jobs, he added.

The Premier also stressed that rural migrant workers must be treated with kindness, vowing to ensure that they will not only find jobs but also get paid for their work.

Lower the payout threshold and raise the reimbursement rate

This year the government plans to do its utmost in taking two major steps, Premier Li said. First, it will make outpatient drugs for chronic diseases, like high blood pressure and diabetes, reimbursable, and set the reimbursement rate at 50 percent.

Second, when it comes to the serious illness insurance plan, which already covers nearly 1.4 billion people, the government will lower the payout threshold and raise the reimbursement rate so that this can truly produce amplifying effects to benefit as many people as possible.

¡°The government and private entities must work together in this respect to meet people¡¯s health needs,¡± he said, ¡°Without health, there would be no happy life for our people.¡±

Concerning the question as to whether there would be a three-day national holiday for the May 1 Labor Day this year, Premier Li said, ¡°We would ask relevant departments to study this expeditiously, taking full account of the views of the general public.¡±March 20,2019, from english.gov.cn


point.gif (302 bytes) State Council to reshuffle flood control and drought relief headquarters

The State Council decided to reshuffle the panel of the State Flood Control and Drought Relief Headquarters, according to a circular on March 19.

State Councilor Wang Yong will become the commander of the headquarters. Other members are from various ministries and bureaus such as the Ministry of Emergency Management, the Ministry of Water Resources, and the Meteorological Administration.

The office is located at the Ministry of Emergency Management, headed by Li Kungang, who is also director of the department of flood control and drought relief at the ministry.March 19,2019, from english.gov.cn
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point.gif (302 bytes) "Bayuquan Marathon" was selected again "Chinese athletics association gold medal competition"
On March 11, 2018 Chinese athletics association marathon annual press conference was held in Xiamen, Bayuquan Marathon was listed in , and was selected as the gold medal event of Chinese athletics association again. March 14,2019

point.gif (302 bytes) Govt urged to heed advice from enterprises, industrial associations in making rules

The State Council released a notice on March 13, urging provincial-level governments and State Council departments and units to fully draw on advice from enterprises and industrial associations when making administrative rules and regulations.

The government should evaluate the rules to be established based on their influence on enterprises and industries, and collect opinions from representative enterprises, industrial associations, chambers of commerce and lawyers¡¯ associations.

Authorities should use the internet and media to collect public opinions, and build advice soliciting platforms on their official web portals. Measures such as holding symposiums, conducting surveys and field visits are encouraged, according to the notice.

The acceptance of opinions should be made public through government portals and newspapers, or be passed on to related units.

A reasonable buffer period should be set as preparation for enterprises to adopt the rules.

The circular also stressed stepping up filing and review of newly released rules and review of normative documents in terms of legality.

In addition, the government should actively learn about the needs and difficulties of enterprises.

According to the circular, the government should improve the work mechanism regarding enterprises and industrial associations¡¯ participation in institution building, establish constant contact with enterprises, and take the initiative to resolve major issues.  March 14,2019, from english.gov.cn
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point.gif (302 bytes) Administrative approval items further canceled or delegated

The State Council has decided to cancel 25 administrative approval items and delegate six to lower-level authorities, according to a circular released on March 6.

For another five administrative approval items set according to related laws, these laws will be submitted to the Standing Committee of the National People¡¯s Congress for revision, the circular said.

Approvals of overall plans for developing petroleum and natural gas with foreign companies, and those of transmission network construction projects, as well as 23 other kinds of administrative permits, will be scrapped.

Six approval items will be delegated to authorities at lower levels. For example, the issuance of permits for passenger vessel business and shipping of dangerous bulk liquid cargo between the mainland and Hong Kong and Macao will be delegated from the Ministry of Transport to provincial transport departments.

Related departments in various regions should ensure the implementation of the measures, and publish specific supervision rules within 20 working days after the circular¡¯s release. March 13,2019, from english.gov.cn


point.gif (302 bytes) China to reduce immovable property registration time

The State Council issued a circular on March 10 to reduce the time required for immovable property registration.

According to the circular, the time required for general registration and mortgage registration of immovable property should be cut to no more than 10 and five working days, respectively, in all cities and counties across the country by the end of this year. And both should be reduced to no more than five working days before the end of 2020.

Information sharing and integration should be promoted among departments to increase information quality and usage efficiency. Related departments should provide information on immovable property registration in a timely manner and strengthen coordination with registration institutions to achieve connectivity and sharing before the end of 2019.

Efforts should be made to make full use of such technologies as the internet, big data, facial recognition and online payment to promote ¡°Internet Plus immovable property registration¡±, said the document. An online registration center with various platforms, like web and WeChat versions, should be established to make applications available at any time and any place.

Meanwhile, local government should accelerate the integration and quality improvement of stock data and complete data improvement and exchanges before the end of 2019, said the document.

Additionally, the circular also stressed the integrated process with optimized procedures and streamlined materials. A comprehensive window should be established at the administrative service hall or immovable property registration hall to deal with related items and collect all materials in one visit.

Unnecessary and similar procedures of property registration should be incorporated, and application materials should be streamlined. Materials that can be obtained through information sharing should not be submitted, and hard to obtain materials, such as certificates on death and relative relationships, should be replaced with a written document.

In places where information sharing and integrated process are not available, convenient services can be offered through centralized work, said the document. March 13,2019, from english.gov.cn
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point.gif (302 bytes)China unveils guideline to toughen supervision over food safety

China has unveiled a guideline to enhance the accountability system of local governments to strengthen supervision over food safety.

Food safety will be included in the performance assessment of the Party and government leading officials, according to the guideline released by the Central Committee of the Communist Party of China (CPC) and the State Council over the weekend.

The guideline aims to promote local government¡¯s food safety work and improve people¡¯s well-being.

Food safety, including the safety of agricultural products, will be included in the national economic and social development plan of local governments. It will also be put on local government¡¯s work priorities and subject to supervision of lawmakers and political advisers, according to the guideline.

The guideline specifies major requirements for local governments to toughen supervision over food safety, including improving the food safety supervision and accountability system, strengthening food safety supervision capability and efficiency, and formulating emergency plans for food safety incidents.

The guideline also outlines rewards and punishments for local authorities in managing food safety work. Feb.28,2019, from english.gov.cn

point.gif (302 bytes) Chinese govt¡¯s key words on boosting trade

Boosting foreign trade has always been on top of the government¡¯s agenda. The year 2018 witnessed some new measures from the State Council executive meetings to facilitate trade, which play a key role in connecting China with the world.

The measures, covering tariff cuts, customs clearance, rebates, and cross-border e-commerce, became buzzwords on the government¡¯s agenda, demonstrating China¡¯s decision to deepen reform and opening-up.

The video explains some of those measures. We hope it will help you get an idea about the government¡¯s work.  Feb.27,2019, from english.gov.cn

point.gif (302 bytes) Big data to reshape economic landscape

Core industries in China¡¯s big data sector could earn more than 720 billion yuan ($106.3 billion) this year, said a report on the sector¡¯s outlook from think tank CCID.

China¡¯s big data sector will witness 25 to 30 percent growth in 2019, facilitating the transformation and upgrading of regional economic structures, the report said.

Apart from East China where the sector is flourishing, Southwest China¡¯s Sichuan and Guizhou provinces and Chongqing municipality are expected to be front-runners for new growth, according to the report.

As part of the development of the digital economy, China is accelerating the integration of big data and the real economy, said Wei Kai, a researcher with the China Academy of Information and Communication Technology.

Wei said the development of big data in China is still unbalanced, such as unbalanced business types and uneven geographical distribution.

To maximize the use of big data, the country should make efforts to establish all-in-one big data platforms and effective mechanisms for data management, Wei added.

Officials in Guizhou province said they will boost the output value of big data, electronic information and other industries to over 100 billion yuan this year, as well as accelerate the development of intelligent terminal manufacturing and supporting facilities.

It will also focus on the development of electronic components and materials, and foster the development of integrated circuits and new display industries.

Since 2015, China International Big Data Industry Expo has been held for four times in Guiyang, capital city of Guizhou province. Last year, the expo attracted over 40,000 participants from nearly 30 countries.

As China¡¯s first big data pilot zone, the mountainous province of Guizhou has attracted heavyweight firms, including Apple, Qualcomm, Huawei, Tencent, Alibaba and Foxconn, to establish cloud computing and big data centers as well as regional headquarters.

In addition, Hunan has formulated six measures to boost the big data industry, such as cultivating enterprises engaged in big data industry, as well as promoting research and development and innovative applications of big data technologies and products.

The sales revenue of big data industry in Hunan is expected to surpass 100 billion yuan by 2021, with a compound annual growth rate of over 30 percent in the next three years, according to the local authority.

A booming digital economy is reshaping China¡¯s economic landscape as technology such as artificial intelligence, big data and cloud computing revives traditional industries and casts new light on high-quality development.

China¡¯s big data sector aims to increase its annual sales to 1 trillion yuan by 2020 from an estimated 280 billion yuan in 2015, said a plan released by the Ministry of Industry and Information Technology.  Feb.22,2019, from english.gov.cn

point.gif (302 bytes) China unveils development plan for Guangdong-Hong Kong-Macao Greater Bay Area

Chinese authorities unveiled the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area on Feb 18, aiming to develop the region into ¡°a role model of high-quality development.¡±

The plan was released by the Central Committee of the Communist Party of China and the State Council.

Promoting the development of the Greater Bay Area is a major decision made by the CPC Central Committee with Comrade Xi Jinping at the core, said an official in charge of the office of the leading group for developing the area.

¡°It is a national strategy General Secretary Xi Jinping has planned for, made decisions about and promoted in person,¡± the official said.

STRATEGIC ROLE

The bay area consists of the Hong Kong Special Administrative Region (HKSAR), the Macao Special Administrative Region (Macao SAR), as well as nine cities in Guangdong province ¡ª Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing.

Covering a total area of 56,000 square kilometers, the bay area had a combined population of about 70 million at the end of 2017 and its gross domestic product reached around 10 trillion yuan ($1.48 trillion) in 2017.

¡°As one of the most open and economically vibrant regions in China, the Greater Bay Area plays a significant strategic role in the overall development of the country,¡± says the plan.

The development of the area is hailed not only as a new attempt to break new ground in pursuing opening-up on all fronts in a new era, but also a further step in taking forward the practice of ¡°one country, two systems.¡±

The plan covers the period from now to 2022 in the immediate term and extends to 2035 in the long term.

The plan has 11 chapters: the background, the overall requirements, the spatial layout, developing an international innovation and technology hub, expediting infrastructural connectivity, building a globally competitive modern industrial system, taking forward ecological conservation, developing a quality living circle for living, working and traveling, strengthening cooperation and jointly participating in the Belt and Road Initiative, jointly developing Guangdong-Hong Kong-Macao cooperation platforms, and the implementation of the plan.

WORLD-CLASS CITY CLUSTER

The plan says the bay area will be turned into a vibrant world-class city cluster, a globally influential international innovation and technology hub, an important support pillar for the Belt and Road Initiative, a showcase for in-depth cooperation between the mainland and Hong Kong and Macao, and a quality living circle for living, working and traveling.

Efforts should be made to build on the four core cities of Hong Kong, Macao, Guangzhou and Shenzhen as core engines for regional development, continue leveraging their comparative advantages in striving for excellence and achievements, and strengthen the radiating effect in leading the development of nearby regions.

Setting development objectives, the plan says by 2022 the framework should essentially be formed for an international first-class bay area and world-class city cluster that is vibrant and highly innovative with an optimized industrial structure, a smooth flow of various factors and a pleasant ecological environment.

By 2035, the bay area should have an economic system and a mode of development mainly supported by innovation, with its economic and technological strengths vastly increased and its international competitiveness and influence further strengthened, it adds.

By then, the markets within the Greater Bay Area should basically be highly connected, with a very effective and efficient flow of various resources and factors of production; the coordination of regional development should remarkably improve, with the influence on neighboring regions further strengthened.

The people should become wealthier; the level of social civility should reach new heights, with cultural soft power demonstrably strengthened, Chinese cultural influence broadened and deepened, and exchange and integration between different cultures further enhanced, the plan says.

Meanwhile, the levels of conservation and efficient use of resources should be significantly improved, the ecological environment should be effectively protected, and an international first-class bay area for living, working and traveling should be fully developed.

PLAN HAILED

The People¡¯s Daily hailed the plan, saying the Greater Bay Area facilitates the enrichment of the implementation of the ¡°one country, two systems,¡± creates more opportunities for the socio-economic development of the two special administrative regions and for Hong Kong and Macao compatriots wishing to develop careers on the mainland.

We must ¡°free our minds, make active explorations and bold trials, and strive to play a pioneering role,¡± the article says.

Both HKSAR and Macao SAR governments issued statements welcoming the promulgation of the plan.

An HKSAR government spokesperson said the Greater Bay Area will help Hong Kong find new drivers for economic growth and advance the diversified development of local economy and industries, as well as expand the living and development space of Hong Kong residents.

¡°Bay areas play a big role in global economic powerhouses such as the United States and Japan,¡± said Liang Haiming, head of China Silk Road iValley Research Institute. ¡°China¡¯s bay area will become a world-leading one and demonstrate the vitality of our systems.¡±

Lin Jiang, vice-dean with the Center for Studies of Hong Kong, Macao and Pearl River Delta at Sun Yat-sen University, noted the complexity of building this bay area because different social and legal systems, three separate customs territories and three currencies are involved.

¡°Such uniqueness brings challenges,¡± Lin said, but adding that they can be overcome by improving the unified mechanism of regional public goods.

Ip Kuai Peng, pro-rector of the City University of Macau, said he is confident that the Greater Bay Area will evolve into a vibrant, innovative world-class area with high efficiency, rich resources, a strong economy, and good opportunities.

¡°The high degree of resource flow and integration in the area will truly enhance the well-being of Macao residents,¡± he said. ¡°For example, the ¡®one-hour living circle¡¯ will greatly facilitate the life and employment of bay area residents.¡±

Fang Zhou, research director of the Hong Kong-based One-Country-Two-Systems Research Institute, said developing the bay area will provide young people with new opportunities.

It will allow Hong Kong residents to further enjoy the benefits of the country¡¯s economic development and sustain Hong Kong¡¯s long-term prosperity and stability, he said.  Feb.19,2019, from english.gov.cn

point.gif (302 bytes) China reviews its commercial development in 2018

China saw stable commercial development last year in consumption, trade and foreign investment, Ministry of Commerce (MOFCOM) said in a media briefing on Feb 12.

Below is a summary of key points from the briefing:

Consumption plays a bigger role

Consumption has served as a primary driving force for economic growth for five consecutive years.

With the retailing of consumer goods in 2018 growing nine percent year-on-year to 38.1 trillion yuan ($5.6 trillion), consumption contributed 76.2 percent of economic growth, 18.6 percent higher than the previous year.

Backed by the development of e-commerce, supply chain and digital consumption, the online retailing reached nine trillion yuan in 2018, 23.9 percent up year-on-year.

New trade record

Last year saw a total trade revenue of 30.5 trillion yuan with a 9.7 percent year-on-year growth, according to data from MOFCOM, a new record for trade amount.

The new record came with better structure. China¡¯s trade with Belt and Road countries accounted for 27.4 percent of its total trade and the country¡¯s middle and western regions contributed 15.8 percent of China¡¯s total trade.

Meanwhile, private enterprises made up 48 percent of China¡¯s export, remaining the largest export entity.

The growing goods trade was also more balanced last year with the surplus dropping to 18.3 percent and service trade ranking second in the world for five consecutive years.

In terms of trade system and governance, China has continued to support the multilateral trade system and declared its principles and claims in the reform of the global trade system in a white paper named China and the World Trade Organization (WTO).

China also actively participated in global trade governance through G20, Shanghai Cooperation Organization Qingdao summit and BRICS summit.

China has made new progress in cooperation with Africa through 2018 China-Africa Cooperation Form Beijing Summit, and launched plans in eight fields, including technology, investment, trade, and communication.

Stably rising FDI & OFDI

While global cross-border investment saw a drop of 19 percent, China¡¯s foreign direct investment (FDI) embraced a stable and high-quality increase. Over 60,000 foreign-funded enterprises were established last year, a year-on-year increase of 69.8 percent.

The country¡¯s actual use of foreign capital was 885.6 billion yuan, growing by 0.9 percent, which was equivalent to $135 billion, up three percent.

Investment from developed economies grew rapidly. Investment from the UK, Germany, South Korea, Japan, and the US into China increased by 150.1 percent, 79.3 percent, 24.1 percent, 13.6 percent and 7.7 percent respectively.

China continued to optimize its use of foreign capital, with the proportion of foreign capital used in manufacturing sector increasing to 30.6 percent, and in high-tech manufacturing increasing by 35.1 percent.

China¡¯s outward foreign direct investment (OFDI) for the year stood at $129.8 billion, with an increase of 4.2 percent year-on-year. The investment into economies along the Belt and Road was $15.6 billion, up 8.9 percent.

The country¡¯s OFDI structure continued to be optimized, with investment mainly put into such fields as rental sector, business services, manufacturing, wholesale and retail, and mining industry.

China¡¯s contracted projects overseas promoted the host country¡¯s economic and social development, creating annual turnover of $169 billion and 840,000 local jobs. The projects also drove China¡¯s export of equipment and materials to $17 billion.

Three major tasks

Vice-Minister of Commerce Qian Keming reviewed three major accomplishments last year: the hosting of the first International Import Expo (CIIE), dealing with trade frictions with the US and promoting Hainan Free Trade Zone.

In 2019, the ministry will continue efforts for the second CIIE, the ongoing trade friction and for FTZs as well as free trade ports, in a bid to achieve a strong domestic market and comprehensive opening-up. Feb.14,2019, from english.gov.cn


point.gif (302 bytes) State Council encourages vocational education reform

The State Council issued a circular on Feb 13, detailing the reform plan for China¡¯s vocational education to cultivate high-quality workers and technical personnel.

The circular said that by 2022, 50 high-level advanced vocational schools with 150 key majors should be established, and a national standard system of vocational education that covers most industries and meets international advanced levels will be created. Enterprises will show more willingness to participate in vocational education, and teachers with both theoretical and practical skills will account for over half of the total number of professional teachers.

To achieve these goals, efforts should be made to improve the framework of the national vocational education system, enhance secondary vocational education, and promote the high-quality development of advanced vocational education, as well as intensify the training system for high-level, application-oriented personnel, according to the circular.

It also emphasized the fundamental role of standards in improving the quality of vocational education, and decided to initiate the pilot work of academic certificates plus vocational skill level certificates (1+X) system, encouraging students to learn more skills while obtaining a diploma.

Vocational training in about 10 industries that are short on skilled talent will be conducted, and enterprises are also encouraged to participate, the circular added.

The circular also urged the integration of production and education by encouraging universities and enterprises to work together to make training plans, promoting comprehensive and deepened cooperation, and constructing a number of high-level training bases.

Benefits for technical personnel will be improved, as will the educational fund investment mechanism, according to the circular.

It also urged improving the quality evaluation and supervision system of vocational education. Feb.14,2019, from english.gov.cn
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point.gif (302 bytes) China steps up 5G commercial use, adding value up to $4.4t

Despite the complicated international and domestic economic environment in 2018, the scale of the industrial sector in China continued its expansion, and the total national industrial added value surpassed 30 trillion yuan ($4.4 trillion) for the first time in 2018. Leading China to rank first in the world, said Miao Wei, head of the Ministry of Industry and Information Technology (MIIT) on a news release conference on Jan 29 this week.

Miao also said that China¡¯s industrial output above designated scale grew 6.2 percent year-on-year, which is better than expectations. The profit of industrial enterprises above designated size also increased by 10.3 percent year-on-year.

Another uptick is China¡¯s industrial investment. Manufacturing investment rose by 9.5 percent year-on-year in 2018, increasing for the past consecutive nine months, and investment in high-tech manufacturing saw growth of 16.1 percent, according to Miao.

Among the manufacturing investment, about 50 percent of total new investment was used at technologies upgrading, which is in line with China¡¯s goal of becoming a more advanced manufacturing powerhouse.

China will continue to push forward the development of quality manufacturing in 2019, boosting connected vehicles, 4K (Ultra HD) video transmission, cruise ship-building industry, information technology sector and telecommunication sector.

In 2018, China also lifted its access restrictions to foreign manufacturers of ship, plane and new-energy car. Meanwhile, the government also clarified the open-up schedules of other types of car manufacturers to international businesses. As of 2018, China has opened up it¡¯s entire general manufacturing to foreign investors. The country¡¯s manufacturing industry used $41.2 billion in 2018, grew 22.9 percent year-on-year.

While the Chinese companies hit blocks while push 5G technologies overseas, it has made breakthrough domestically in 2018.

According to Miao, the third stage test of technical experiments for 5G research and development has been finished, and the 5G system¡¯s devices have the ability for pre-commercial use.

The development of 5G will significantly boost the Chinese economy; an MIIT official said that the first five years of implementing 5G would generate 10 trillion economic output and over three million new jobs. MIIT also released a time map for 5G commercial use, during the first half of 2019, China will launch 5G terminal chip, and in the middle of 2019, China will roll out 5G smartphone terminal. The commercialization of 5G will create many new opportunities, give the entire industrial chain of the chip, terminal, system and the application a strong boost.

China will also continue to improve the internet coverage rate in small cities and villages, by the end of 2020, 98 percent of the poverty strike villages will have the internet connection, letting more Chinese share the dividends of the information communications technology development. Jan.30,2019 From:english.gov.cn


point.gif (302 bytes) State Council calls for development of bonded zones

The State Council recently issued a circular, outlining plans for the increased development of bonded zones.

Comprehensive bonded zones, according to the circular, need further innovation and upgrading, along with more contributions to opening-up, in a bid to let bonded zones blossom into international hubs of manufacturing, research and development (R&D), design, and maintenance.

Manufacturing enterprises will be allowed to engage in overseas projects with their spare capacity, the circular said.

A number of items produced inside the comprehensive bonded zones will be exempt from the cargo-handling list for automatic import licensing, including key products like mobile phones and automobile accessories, to facilitate their domestic sales.

With preferential policies in comprehensive bonded zones, departments concerned should support the development of national centers for industrial innovation, technical innovation, and engineering research, as well as emerging R & D institutions inside the zones.

Logistics distribution centers should be established, with trade procedures further simplified inside the bonded zones.

Goods not subject to import tariffs, trade restriction certificates, and tax reimbursement, will have an easier journey entering and exiting the bonded zones.

Enterprises in bonded zones will be allowed to conduct high-technology and high added-value tests and global maintenance services.

Remanufacturing operations will be allowed in the bonded zones, including aerospace and engineering machinery, according to the circular.

Centers for marketing services will be established to cultivate new drivers of development, the circular said.

Cross-border e-commerce, outsourcing services, and future delivery will also be encouraged in the bonded areas. Jan.29,2019 From:english.gov.cn
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point.gif (302 bytes) State Council promotes development of cities without waste

The State Council decided to promote a pilot program for cities without waste, according to a circular issued on Jan 21.

Cities without waste means an urban development model that is aimed at minimizing landfills and the environmental impact of solid waste by promoting green development modes and lifestyles, reducing solid waste from the source and transforming them into resources.

A total of 10 cities with necessary conditions and moderate scale will be selected nationwide to carry out the pilot program.

According to the circular, by 2020, an index system, an integrated management system and a technical system for construction of cities without waste should be established, and significant progress should be made in key areas in the pilot cities.

The circular emphasized macro guidance by the government while implementing green production in industrial and agricultural sectors.

It also advocated a green lifestyle to reduce household waste at the source and transform them into resources.

Comprehensive safety control of hazardous waste should be strengthened, it said, adding that new models of industrial development should be cultivated to energize market players.

Financial support and supervision of the pilot program should be enhanced, the circular stated.
Jan.23,2019 From:english.gov.cn


point.gif (302 bytes)The 13th Liaoning snow and ice hot spring tourism promotion season was launched in Bayuquan District
On the evening of January 14th, the 13th Liaoning snow and ice hot spring tourism promotion season launching ceremony and Liaoning four seasons tourism promotion film launching ceremony was held in Bayuquan District Honghai river snow and ice carnival.Yu Gongbin, deputy secretary of the CPC Yingkou committee and mayorof Yingkou municipal government, Wang Xiaojiang, deputy director of the provincial department of culture and tourism, Zhong Weiliang, chairman of the provincial tourism investment group, Ji Zhaohui and Fang Jingguang, city leaders attended the opening ceremony. Jan.17,2019


point.gif (302 bytes)Free trade port efforts gain traction

China will step up efforts to accelerate free trade port construction this year, a further step to build on the success of free trade zones across the country, the Ministry of Commerce said.

Assistant Minister of Commerce Ren Hongbin said one of the ministry¡¯s priorities in 2019 is to advance the building of free trade zones and explore steps to construct free trade ports in China.

The ministry will draw on international experience and come up with policies and institutional systems for building free trade ports ¡°as soon as possible¡±, Ren said at a news conference on Jan 16.

Free trade ports are regarded as the world¡¯s most open form of economic zone, which has brought prosperity to places such as Singapore thanks to broad-based preferential policies on trade and investment.

It is open to all commercial vessels on equal terms. Goods may be unloaded, stored and shipped without the payment of customs duties.

According to last year¡¯s government guidelines, a free trade port system will be ¡°basically established¡± in Hainan by 2025. Last April, China announced it would develop the island into a pilot free trade zone, through which Hainan will be granted more capacity to reform, and speed up the fostering of a law-based, international, and convenient business environment.

Zhao Ping, a senior researcher at the China Council for the Promotion of International Trade Academy, said: ¡°It is necessary to create a high-tech talent pool to help to speed up the pace of transforming Hainan into a free port. Key focus areas would include shipping, logistics and finance, so talent in these sectors should be valued.¡±

Sang Baichuan, a professor at the University of International Business and Economics, said specially tailored policies are also needed in terms of market access, financial systems and taxation.

Tianjin, a coastal city in northern China, plans to apply for the establishment of a free trade port, which can further integrate the development of the Beijing-Tianjin-Hebei region, said the administration of China (Tianjin) Pilot Free Trade Zone. In a recent emailed interview with China Daily, the administration revealed that the construction plan will be submitted to the higher authorities ¡°in due course¡±.

About five years ago, China set up its first FTZ in Shanghai as a way to promote trade and investment. Since then, pilot FTZs have sprung up across the country. In all, 12 have been built or planned.

Ren said in 2019, the ministry will support Shanghai to boldly innovate in facilitating investment and trade.

The ministry will further reduce the negative list for foreign investment access in the pilot FTZs, and accelerate the further opening of key areas such as medical care and education, Ren said.  Jan.16,2019    from:english.gov.cn
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point.gif (302 bytes)Larger-scale tax cuts to be introduced for small, micro businesses

China will unveil larger-scale tax cuts and tax exemptions for micro and small enterprises (MSEs), a State Council executive meeting chaired by Premier Li Keqiang decided on Jan 9.

Further tax and fee cuts reflect intensified implementation of the proactive fiscal policy and are an important step in deepening supply-side reform. At the annual Central Economic Work Conference held in December 2018, President Xi Jinping stressed the need to introduce tax and fee cuts on a larger scale and more inclusive tax breaks for MSEs. Premier Li Keqiang said at the conference that MSEs, as major job creators, should be given priority in such tax cuts.

Reducing tax burdens for MSEs has been on the agenda of the State Council¡¯s executive meetings four times throughout 2018. Statistics from tax authorities show that from January to November 2018, tax cuts for MSEs totaled 184 billion yuan ($27 billion). These tax cuts have helped to lower the cost of entrepreneurship and innovation and help businesses gain vitality, create more jobs and ease their financing woes.

¡°Amid increasing downward pressure, it is essential to introduce tax and fee cuts for small and micro firms, as this will be conducive to boosting employment and shoring up private businesses at the same time,¡± Premier Li said.

The meeting rolled out a host of inclusive tax breaks for MSEs. The eligibility of small and low-profit businesses to benefit from preferential corporate tax will be significantly expanded, and deeper cuts on corporate tax will be introduced. Small and low-profit businesses with an annual taxable income of less than 1 million yuan and between 1 million and 3 million yuan will be eligible to have their tax calculated based on 25 percent or 50 percent of their taxable income. This is expected to reduce tax burdens of such enterprises to 5 percent and 10 percent. The adjusted tax incentives are expected to cover 95 percent of corporate tax payers, 98 percent of which will be private businesses.

At the same time, VAT threshold on small-scale tax payers, which mainly includes MSEs and individual businesses and other types of individuals, will be raised from 30,000 yuan to 100, 000 yuan of monthly sales.

Provincial-level governments will also be given the authority to cut taxes up to 50 percent for small-scale VAT taxpayers under several local tax items, including resources tax, as well as education and local education surcharges.

The scope of tax incentives applied to investment in high-tech start-ups will be expanded to give more tax breaks to venture capital firms and angel investors investing in these businesses.

At the same time, central government finance will provide stronger general transfer payment to local authorities to make up for possible funding gaps at local levels caused by large-scale tax and fee cuts.

The tax incentives will cover all taxes incurred since Jan 1, and will be effective for a tentative three years. They are expected to save about 200 billion yuan for small and micro businesses every year.

¡°Since last year, the government has spent within its means and enacted several rounds of tax incentives for small and micro firms. The latest round of tax cuts will be the most substantial so far, and it is also appropriately structured,¡± Premier Li said. ¡°The government must tighten its belt to give more benefits to businesses and energize the market.¡±  Jan.11,2019    from:english.gov.cn
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point.gif (302 bytes)Mayor Yu gongbin met with guests fromNorway

Yesterday morning, deputy secretary of CPC Yingkou committee and mayor Yu gongbin met with the mayor and his delegation of Nangaranga city, Finmark province, Norway at the Yingkou Guest House.Municipal standing committee, vice mayor Dong xu was present at the meeting. Jan.8,2019

point.gif (302 bytes)A new chapter of opening up and development of Yingkou city

The press office of Yingkou municipal government held a press conference. Yingkou comprehensive bonded zone has passed the inspection, marking a new chapter of opening up and development of Yingkou city. Jan.3,2019

point.gif (302 bytes) State Council unveils policy support for SME growth

Premier Li Keqiang visits Luolai Lifestyle Technology Co during an inspection in Jiangsu province on Nov 29.

China will intensify its support for the development of the private sector, and small and medium-sized enterprises (SMEs) to boost the vitality of market entities and enhance their confidence, an executive meeting of the State Council, China¡¯s cabinet, decided on Dec 24. The meeting was chaired by Premier Li Keqiang.

The growth of SMEs has been high on the Chinese government¡¯s agenda. An array of policy incentives in the fiscal, tax, and financial fields and in relation to the business climate and public services has been introduced to support SME development. These policies have paid off.

President Xi Jinping emphasized on several occasions the need to protect the lawful rights and interests of private enterprises. Premier Li Keqiang called for giving stronger support to private businesses and SMEs to ease their financing woes and promote the integrated development of businesses of all sizes.

The private sector in China, which is mainly composed of SMEs accounting for 90 percent of all businesses, now contributes more than 50 percent of tax revenue, over 60 percent of GDP, more than 70 percent of technological innovations and over 80 percent of urban employment. Private businesses have become a key driving force for economic growth and social progress.

¡°Intensified support for growth of the private sector, especially SMEs, helps enhance the internal dynamism for economic growth,¡± Premier Li said. ¡°To boost the private sector of the economy and micro and small businesses, it is crucial to create a level-playing field, especially in property protection and market access for these businesses to compete in a law-based, neutral environment.¡±

Efforts will be made to foster a fair and convenient business environment. The views of businesses must be heeded in deciding business-related policies, and reasonable transition periods should be arranged. Businesses of all sizes and all types of ownership will be treated as equals in the tendering, land use and other respects under the principle of competitive neutrality.

Unless otherwise stipulated, all restrictions on the minimum registered capital and the equity structure of private firms will be removed when the firms in question invest in resources development, transportation and public utilities.

Stronger innovation capacity will be supported. Catalogues of recommended products and services will be issued to help high-tech SMEs gain better access to the market. Private firms will also be supported in participating in the R&D of core technologies and the formulation of national standards.

Deeper tax and fee cuts will be introduced. Financing services will be improved. The required reserve ratio cuts targeting inclusive finance will be refined. The re-lending policy targeting small firms will be expanded to qualified small and medium-sized banks and new-type internet banking.

The permitting processes for the listing of private firms and re-finance will be accelerated. Asset management products and insurance funds will be employed in addressing the risks of equity ¡ª backed mortgage of listed private firms.

The lawful rights and interests, including their safety and property, of private entrepreneurs will be protected in accordance with the law, the meeting on Dec 24 urged. No government department, public institution or State-owned enterprise should defer contractual payments owed to private businesses.

Premier Li stressed the importance of keeping policies well-coordinated, consistent and credit-worthy to provide businesses an enabling environment and anchor market expectations.
Dec.27,2018,from:english.gov.cn
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point.gif (302 bytes) China gears up for upcoming New Year, Spring Festival holidays

BEIJING ¡ª Transport authorities have been told to thoroughly prepare for the upcoming busiest travel season, the New Year and Spring Festival holidays, according to an official directive published on Dec 23.

Administrations of railway, highway, waterway, civil aviation and urban public transport have been ordered to top their capacity and prioritize migrant workers and students, according to a directive issued by the general offices of the Communist Party of China Central Committee and the State Council.

The transport authorities should step up efforts to crack down upon ticket scalpers and dangerous driving and try their best to prevent serious traffic accidents and traffic jams, the document said.

The directive also ordered authorities of civil affairs to take good care of disadvantaged people, commercial departments to maintain market order, and the workplace safety authorities and the police to look out for serious public security accidents.

Senior officials were warned against violations of the Party¡¯s frugality rules during the upcoming festivals, such as spending public money on expensive dinners, handing out and taking gifts, and holding luxury ceremonies.Dec.25,2018 , from:english.gov.cn
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point.gif (302 bytes) Premier calls for joint efforts from all countries
¡°In its 40 years of reform and opening-up, China has taken both developed and developing countries¡¯ development as its opportunity,¡± Premier Li Keqiang said while meeting with representatives at the third Understanding China Conference on Dec 17.
Over the past few years, China has learned a lot while expanding its opening-up and strengthening all-around cooperation with other countries. And China is willing to further expand its opening-up, and reinforce complementary advantages with other countries, achieving common development and prosperity, the Premier said.
Premier Li also heard speeches from former Mexican president Ernesto Zedillo, former British prime minister Gordon Brown, former Danish prime minister Helle Thorning-Schmidt, former Greek prime minister George Papandreou and former World Trade Organization director-general Pascal Lamy, and answered their questions.
The Understanding China Conference is an important platform for the world to understand China¡¯s development. More than 30 former politicians, strategists, entrepreneurs and scholars attended the conference.
The delegates shared their concerns about the current international situation.
Zedillo said that world politics and the economy are facing unprecedented challenges.
Schmidt called for strengthened dialogue and cooperation in the era of globalization to make contributions to human progress.
Brown said that countries should join hands and promote the reform and improvement of international rules, avoiding a lose-lose situation due to protectionism.
Achievements in world peace and poverty alleviation over the past 70 years mainly benefited from multilateralism, free trade and a rules-based international order, the Premier responded. He added that the world should reinforce multilateralism and free trade under the complicated political and economic situation, and solve the problems arising in globalization and world trade in light of development.
He said it is necessary to uphold the purposes and principles of the UN Charter, safeguard the framework and basic rules of the WTO, and solve problems through reform, rather than reversing globalization or even interrupting free trade.
Reform needs joint efforts from all over the world, he added.
China supports the reform and improvement of the WTO rules to advance with the times, and the reform must stick to the general direction of free trade, accommodate the concerns and interests of all parties, defend the development rights of developing country members, and narrow the gap between the North and the South, the Premier said, while responding to Lamy about how to reform the WTO.
¡°No matter what kinds of contradictions or frictions, the basic direction of safeguarding lasting peace and common prosperity and development of the world should not be violated,¡± the Premier said, quoting a Chinese saying that minor principles should be subordinated to major ones.
This basic direction is the major principle, because everyone wants a better world, he added.
According to Zedillo, the third Understanding China Conference was held at the right time, as China is celebrating the 40th anniversary of its reform and opening-up. Brown congratulated China on its great achievements in economic development, poverty reduction and education since the reform and opening-up policy was adopted.
Premier Li said China has seen remarkable achievements over the past four decades, which brought benefits to not only the Chinese people but the world at large, and was the result of painstaking efforts made by the Chinese people.
As it did in the past, the country¡¯s development will rely on reform and opening-up in the future, the Premier said, adding that China will continue to promote reform and opening-up, and make efforts to create a level-playing field for both domestic and foreign companies and develop an open economy at a higher level.
China has become the second-largest economy in the world, but its per capita income is still below the world average, he said. According to current standards of any international organization, China remains a developing country, which is quite special from either a historical or a global perspective.
¡°Development is the foundation of and key to addressing all problems in China,¡± the Premier noted. ¡°China will continue to pursue economic development as its central task and properly handle its internal affairs to maintain stable economic operation and boost high-quality development.¡±
Premier urges efforts from all countries
¡°I¡¯m paying close attention to some major economies, whose fluctuations are never gains for the Chinese economy,¡± Premier Li said. ¡°On the contrary, I hope other countries could regard China¡¯s development as an opportunity.¡±
A complete global industrial chain has been formed with the development of globalization, and it will suffer if any part of it goes wrong, the Premier said, adding that China has become a key part of the chain, and is providing irreplaceable energy to it.
¡°The prosperity of human society is not a zero-sum game, but the result of mutual development, so China is willing to complement its advantages with other countries to achieve win-win cooperation,¡± Premier Li added.
Responding to a question by Schmidt concerning IPR protection, the Premier said China will further improve related laws and regulations, strengthen the crackdown on IPR infringement, and will never break international rules in this field.
¡°We should continue to abide by the rules and consensuses we made in the past, push on reform and improve the global governance system,¡± Premier Li stressed. Dec.21,2018 .from:english.gov.cn


point.gif (302 bytes) China to promote competitive sports industry

The State Council released a circular to speed up development of the competitive sports industry, in an effort to tap consumption potential, improve livelihoods, and build a new driver for economic growth.
According to the circular, by 2025, the scale of the competitive sports industry will reach 2 trillion yuan, and an industrial system with abundant products, reasonable structure, and balanced development should be established.
A number of cities and clusters will be built for sporting events and performances, and 100 influential sports events will be organized.
Meanwhile, a group of competitive sports enterprises will be supported, with 100 brands built with independent intellectual property rights, making the industry an important force for social and economic development.
As the circular stated, the nation will develop professional sports, with particular emphasis on football, basketball, volleyball, table tennis, badminton, and ice hockey. Irrational investments and disorderly competition should be curbed.
Top international competitions with popular brand recognition and a wide market potential will be introduced, and amateur sports events such as marathons, martial arts, and outdoor sports will be supported.
As the Beijing Winter Olympics approach, ice and snow sports will also be promoted, the circular said.
To optimize the market environment, efforts are also pledged to reform the commercial system, cultivate independent and legitimate industrial organizations, encourage consumption in sports events with better fan etiquette, and promote scientific planning and operation of sports venues.
Tourism, traffic, entertainment and other support services are also stressed in the circular.Dec.20,2018 from:english.gov.cn
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point.gif (302 bytes) Premier Li urges easing VC firms¡¯ tax burdens

Premier Li Keqiang has called for efforts to reduce tax burdens on individual partners of Chinese venture capital firms at the State Council executive meeting on Dec 12.

The Premier also urged for improvements in preferential tax policies for venture capital funds.

Following his remarks, a decision was made to introduce more income tax incentives to promote venture capital investment and increase support for innovation and entrepreneurship.

China¡¯s venture capital industry, ranked second in the world in terms of scale, plays a significant role in innovation and entrepreneurship as well as employment, and is of great importance to capital market development, Premier Li said.

As small and micro-sized enterprises still encounter difficulties in financing, many have received funding from venture capital, he added.

He called for the continuing promotion of employment driven by entrepreneurship, with more support from the government pledged at the meeting.

Meanwhile, the market was also encouraged to play its role to raise efficiency of innovation and entrepreneurship, and expand employment and commercialization of research achievements.

It was decided at the meeting that venture capital income tax will be calculated on a single investment fund from Jan 1 next year, as 70 percent of seed investments was considered deductible.

For individual partners, incomes from share transfer and dividends of taxable funds will be subject to a 20 percent individual income tax.

Venture capital firms¡¯ income tax can also be levied based on annual incomes, and incomes of individual partners will be subject to a progressive rate of five to 35 percent.

The policy will be in place for five years, in an effort to reduce tax burdens for individual partners of venture capital firms.

¡°The overall principle is to reduce tax burdens for enterprises to send a clear signal and stable expectation to the market,¡± Premier Li said. Dec14,2018 .from:english.gov.cn


point.gif (302 bytes) China grants more support to local governments with good performance

The Chinese government will increase the number of incentive measures to local governments scoring obvious results in implementing major policies from 24 in 2016 to 30, according to a circular released by the State Council on Dec 10.

Compared to the former 24 items, the government added nine incentive measures, removed three and improved the 21 measures that remained.

Those local governments will be given priority treatment on development projects, pilot reforms, and use of funds, according to the circular.

Local governments with remarkable achievements in business reform will be included in related pilot programs first, and those largely promoting foreign trade and foreign investment will be supported with precedence in growing bases for foreign trade transformation and upgrade, the circular said.

Eligible projects in a provincial region, where annual fixed-asset investment retained stable growth and investment projects performed well within the budget of the central government, would be granted certain investment funds within the central budget, the circular stated.

Provinces, autonomous regions and municipalities directly under the central government that performed well in fiscal management will be given incentives to support model cities and counties.

In provincial regions that met the annual target in transportation construction, put in place local investment and rolled out effective measures in bringing in private capital, eligible local transportation construction projects will be placed on top of the three-year rolling plan, according to the circular.

Also, those that performed well in financial risk control, building sound financial order and protecting financial consumers¡¯ rights, will be given support to conduct pilot projects in financial reform, the circular stated.

All departments are asked to put the incentive measures in place and improve assessment of local governments¡¯ work in inspection. Local governments that win praise are required to build a work mechanism to implement those incentive measures, according to the circular.Dec.13,2018 from:english.gov.cn
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point.gif (302 bytes) Yingkou Area of Liaoning Free Trade Zone was commended by State Council
The general office of State Council recently conducted the fifth major inspection on the implementation of major decisions and arrangements, and commended the typical practices found in the inspection. Yingkou Area of Liaoning Free Trade Zone was listed as one of the areas with experience in continuously optimizing the business environment through institutional innovation. Dec.7,2018,
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point.gif (302 bytes) State Council promotes stable employment

The State Council emphasized stable employment in a circular released on Dec 5.

The circular said that enterprises with no or few layoffs can get back 50 percent of actual unemployment insurance premiums paid in the previous year.

It also stated that governmental-secured financing institutions should provide more support to small and micro enterprises with a lower rate of security.

Self-employed entrepreneurs can apply for guaranteed loans for entrepreneurship of up to 150,000 yuan, and small and micro enterprises with 25 percent of their employees hired as required by the loan could get up to 3 million yuan.

Meanwhile, authorities were urged at all levels to relax requirements for application of guaranteed loans, the circular said.

The State Council also encourages the establishment of start-up incubators to provide low-cost venues, guidance and policy support for entrepreneurs, and those that perform well will be rewarded.

Trainee subsidies will be extended from unemployed graduates to unemployed youth aged 16 to 24, according to the circular.

Weak companies are encouraged to conduct on-the-job training for employees, the circular said, adding that colleges, vocational training institutions, and qualified enterprises are encouraged to carry out vocational and entrepreneurship training for the unemployed.

Those with vocational qualification certificates can apply for skills promotion subsidies, and the condition will be relaxed from three years payment of unemployment insurance to one year, according to the circular.

The unemployed can register at the public employment service agencies of their permanent residences, and enjoy local employment and entrepreneurial services, employment support policies, and tax incentives.

Eligible unemployed persons also can receive unemployment insurance benefits, and laid-off workers with financial difficulties will be offered interim living subsidies.

Local governments at all levels should play an effective role in promoting employment in the region, the circular said.

The circular also urged relevant departments to ramp up publicity about the policies, optimize workflow, and strengthen supervision, ensuring that recipients can benefit from the policies and the funds.

The social responsibilities of enterprises also are mentioned in the circular. Dec.5 2018, from:english.gov.cn

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point.gif (302 bytes) China¡¯s January-October industrial profits up 13.6%

China¡¯s major industrial enterprises achieved a total profit of 5.52 trillion yuan ($795.4 billion) from January to October, up 13.6 percent year-on-year, data showed on Nov 27.

The figure was down 1.1 percent compared with that from January to September and it came from weakening demand caused by the China-US trade frictions.

¡°There are signs that overall demand is weakening. That could lead to production decline and falling profits,¡± said Xu Wei from Development Research Center of the State Council.

In October alone, the total profits of China¡¯s major industrial enterprises with annual revenue of more than 20 million yuan (about $2.89 million) increased 3.6 percent year-on-year to reach 548.02 billion yuan ($78.97 billion), 0.5 percentage points lower than last month.

Analysts attributed the slowdown to easing factory-gate inflation, despite a strong rebound in output.

Profits of major industrial enterprises in the first ten months registered a decrease of 1.1 percentage points compared with last year, but remained a steady growth on the whole, according to He Ping, from the Industrial Division of the National Bureau of Statistics (NBS).

Those with more new profits were heavy industries like steel, petroleum, chemical, and building materials. The Steel industry, for example, enjoyed a profit increase of 63.7 percent from January to October.

The debt-asset ratios of major industrial firms dropped 0.5 percentage points year-on-year to 56.7 percent by the end of October. Nov.30,2018, from:english.gov.cn

point.gif (302 bytes) State Council reshuffles National Textbook Committee

The State Council announced the reshuffle of the National Textbook Committee on Nov 28, appointing Vice-Premier Sun Chunlan as the head.

Minister of Education Chen Baosheng, Vice-Minister of Publicity Department of the CPC Central Committee Wang Xiaohui, and Deputy Secretary General of the State Council Ding Xiangyang will serve as deputy heads of the committee.

Deputy Minister of Education Zhu Zhiwen will serve as secretary general.

Group members are senior officials from State Council departments and experts from academic institutions across the country.

The group office was set up at the Ministry of Education.Nov.28 ,2018, from:english.gov.cn
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point.gif (302 bytes) Measures rolled out for further reform, innovation in pilot FTZs

The Chinese government has rolled out a series of measures to support pilot free trade zones and deepen reform and innovation, according to a circular released on Nov 23.

The 53 measures improving the investment environment, trade facilitation, financial innovation and the human resources sector can help improve the quality of pilot FTZs, according to the circular.

To improve the business environment, the ratio requirement for foreign technical personnel in foreign-invested construction and engineering design enterprises, as well as restrictions on recruitment agencies, will be relaxed.

Also, land use for pilot FTZs in some provinces and municipalities should be given priority in the overall layout.

In an effort to facilitate trade, qualified pilot zones will be encouraged to conduct pilot programs on parallel import automobile businesses.

The circular also stressed financial innovation to serve the real economy. Efforts should be made to simplify administrative approval procedures for insurance branches, and establish and improve the information sharing system about enterprises¡¯ demand for insurance in pilot FTZs, the circular stated.

Pilot practices in the human resources sector were also encouraged. The authority to approve Sino-foreign joint ventures and wholly foreign-owned agencies with talent intermediary service in pilot FTZs will be delegated to local authorities in the zones, according to the circular.

The circular also urged local governments and all related departments to put importance on improving construction and management of pilot FTZs, and promote implementation of those measures.Nov.22,2018, from:english.gov.cn

point.gif (302 bytes) New patent agency regulations issued

The amended patent agency regulations, which were passed at the State Council executive meeting on Sept 6, were released on Nov 19 according to a State Council decree signed by Premier Li Keqiang.

They will be put into effect on March 1, 2019.

The regulations are aimed at standardizing patent agent behaviors in order to protect the legitimate interests of agencies and agents.

The State Council department in charge of patent administration shoulders management and supervision of patent agency nationwide, the regulations state.

The regulations set certain rules in terms of regulations on agencies and agents. For example, the organization form of patent agencies shall be a partnership or limited liability company, among others.

Chinese citizens with science and engineering majors in degrees higher than junior college are eligible to participate in the national examination for patent agents, the regulations read.

As to agent practice, it was stated agencies and agents are liable for keeping secrets for creations they have knowledge of, except for those patents already published.

Illegal behavior will have consequences. Qualification certifications will be revoked if obtained via dishonest means, and fines up to 100, 000 will be imposed if agencies let out the content of their bailers¡¯ creation, to give some examples.

Foreign patent agencies setting up representative institutions in China shall first be approved by the State Council¡¯s patent administration department, according to the regulations. Nov.20,2018, from:english.gov.cn

point.gif (302 bytes) Leading group for 2nd pollution census reshuffled

The State Council released a circular on Nov 12, stating a national group for the second census on pollution source will be readjusted and renamed.

The leading group will be led by Vice-Premier Han Zheng, with three deputy heads ¡ª Ding Xuedong, deputy secretary general of the State Council; Li Ganjie, minister of ecology and environment; and Ning Jizhe, head of the National Bureau of Statistics.Nov.15,2018, from:english.gov.cn

point.gif (302 bytes) Multi-pronged measures to help ease financing woes of small firms

China will make more targeted efforts to boost the financial sector¡¯s support for the real economy and tackle financing difficulties for small and micro businesses, the State Council¡¯s executive meeting chaired by Premier Li Keqiang decided on Nov 9.

The meeting heard a report on delivery of the policies regarding accessible and affordable financing for micro and small businesses.

The Chinese government places great importance on financial services targeting micro and small businesses. President Xi Jinping stressed the need for better financial services and smooth channels for financial services to flow to the real economy, especially smaller companies. Premier Li Keqiang underlined the importance of smoothing the policy transmission channels with targeted measures and encouraging financial institutions to raise the share of loans to micro and small companies and cut their financing costs.

The People¡¯s Bank of China, China¡¯s central bank, has conducted targeted cut to required reserve ratio (RRR) four times this year, releasing a liquidity of 2.3 trillion yuan. By the end of September, outstanding loans for micro and small firms totaled over 33 trillion yuan, up by 11.4 percent year on year.

¡°Government departments are encouraged to take a multi-pronged approach, and we must waste no time in helping small firms tackle their liquidity difficulties,¡± Premier Li said. ¡°No loans extended should be willfully withdrawn.¡±

Greater efforts will be made to enhance financial services for the private sector, especially micro and small firms.

Financing channels will be widened. The scope of qualified collateral for the Medium-term Lending Facility (MLF) will be expanded to cover loans for micro and small firms with a credit quota of up to 10 million yuan per company. Support will be given to more firms for equity and bond financing.

Financial institutions will be encouraged to make their lending businesses to micro and small firms part of the internal performance evaluation, and allocate corresponding incentive rewards.

The meeting urged hitting the target of lower lending rate for micro and small firms. Major commercial banks were called upon to work hard to cut their average lending rate by one percentage point in the fourth quarter compared with the first quarter, and any unnecessary procedures or surcharges in financing will be removed. The meeting also called for effective measures to prevent credit risks.

Financial institutions will be encouraged to take substantive measures to further tilt policies in favor of micro and small firms as well as other private companies, Premier Li said.

The government must also provide support in terms of guarantee and taxation, he added.

The meeting also discussed how to better leverage government-managed guarantee funds to make more financial resources available to micro and small companies. It was decided at the meeting that supporting agricultural and rural development as well as small companies should be the primary business of all government-managed guarantee and re-guarantee institutions, with priority given to micro and small firms as well as entities engaged in agricultural and rural development with a guarantee volume of up to 5 million yuan per entity.

Financing costs will be lowered. The State Financing Guaranty Fund should not set its guarantee fee rate higher than provincial institutions. Risks should be shared, with both the State Financing Guaranty Fund and financial institutions shouldering no less than 20 percent of risks.Nov.9,2018, from:english.gov.cn
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point.gif (302 bytes) Intensive platform of government websites on pilot run

The State Council issued a circular for the pilot run of intensive platforms of government websites.

The move is set to integrate scattered websites, connect data, and resolve inconveniences through intensive platforms built on a unified information and resource base.

The circular called for active application of new technologies, coordinated top-level design, strict budget and project management, and stable progress in the pilot stage.

According to the circular, intensive platforms should be completed before the end of December 2019 in 10 municipalities, regions, and autonomous regions.

Intensive platforms should be built with unified standards, technical platforms, security control, and maintenance, for integrated and connected data, services, and application, the circular stated.

The intensive platforms should be able to support management of websites, columns, resources, authorization, content release, interaction, user registration, complaint report, security control, and other functions necessary for government websites and services.

Construction of the pilot platforms should set requirements on information classification, formats, and interfaces, and establish standards on data, for unified resource usage and monitoring, the circular said.

Meanwhile, a unified information and database should be built, featuring scientific classification, collective management, and sharing, with the goal of resource utilization across websites, systems, and levels.

Local government service platforms should be connected with the intensive platform of the region to provide unified and convenient information services for the public.

The platforms should enhance security levels with preferential procurement of domestic hardware and software, and IPv6 will also be supported, the circular stated. Nov.9,2018, from:english.gov.cn
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point.gif (302 bytes) Govt to issue policies easing businesses¡¯ concerns

The State Council released a document on Nov 8 focusing on improving the business environment, urging policies to be accurately carried out regarding easing enterprises¡¯ burdens.

Fairness is highlighted on the list of priorities. A revised negative list must be finished and put into practice by the end of 2018, which will lower the market threshold for social capital in civil aviation, railroad and other areas, and give the green light to more projects that represent public-private partnerships.

A slew of favorable policies to help relieve financing difficulties for medium-sized, small and micro enterprises should be issued and implemented in a timely manner, local protection and administrative monopolies should be eradicated, and government credit must be enhanced, as requested in the document.

Opening-up is set to be increased to a higher level. It is asked that access limitation outside the negative list for foreign investment be canceled before next March. Large-scale foreign investments eligible for major project development plans will receive support such as land and sea-use approval procedures. Quickened custom clearance procedures and export rebates are also urged.

Moreover, cutting red tape in administrative approval must be stepped up, and a unified government service mode should be spread nationwide.

Fees will be reduced in a more extensive way, especially in logistics, certification, inspection and testing and public use sectors. Illegal charges from industry associations, intermediate agencies and institutions under government departments should be stopped, so as to eliminate unreasonable margins for enterprises. The burden of the social insurance rate also needs to be cut down for enterprises.

Meanwhile, protection to intellectual property rights will also be scaled up. The censoring period for trademark registration should be compressed to six months, and regulations over law enforcement in online shopping, export and import should be formulated before the year¡¯s end.

Divisions of responsibility for supervision and organization are made explicit to ensure the policies are thoroughly enacted.
Nov.8,2018, from:english.gov.cn


point.gif (302 bytes) China advances to global top 50 in business climate

China is now one of the top 50 economies in the world for ease of doing business, due to a record number of reforms carried out last year, according to the World Bank Group in its annual doing business report released on Oct 31.

¡°China advanced to a global ranking of 46 this year, up from 78 last year, as the country implemented the largest number of reforms in the East Asia and Pacific region,¡± the report said.

Bert Hofman, World Bank country director for China, said: ¡°China has made rapid progress in improving its business climate for domestic small and medium enterprises in the past year. The progress signals the value the government places on nurturing entrepreneurship and private enterprise.¡±

China¡¯s reforms in areas including cutting administrative red-tape earned the country a spot in this year¡¯s top 10 global improvers, according to the report.

Progress made in the areas of starting a business and getting electricity was particularly impressive.

Since last year, three procedures were removed and consequently it now takes 9 days to start a business, on par with most OECD high-income countries.

¡°Beijing is now one of only two cities in the world where the process of starting a business is completely free. China is now ranked 28 in the area of starting a business,¡± the report said.

Getting an electricity connection is also entirely free in China. Japan and the United Arab Emirates are the only two other countries in the world to have this distinction. As a result, China has earned a global rank of 14 in the area of getting electricity.

China also remains one of the best economies in the world to resolve a commercial dispute. It takes 496 days and costs 16 percent of the value of the claim, far better than the OECD high-income average of 582 days and 21 percent.

Despite progress made since last year, China still has room for improvement in terms of dealing with construction permits, with a global rank of 121 in the area. Nov.01,2018, from:english.gov.cn

point.gif (302 bytes) Premier Li underlines China-Japan relations
Premier Li Keqiang held a talk with the visiting Japanese Prime Minister Shinzo Abe in Beijing on Oct 26.

Premier Li said China and Japan are important neighbors, so developing a long-term healthy and stable relationship is in accordance with the benefits of the two countries and its people, and also has huge significance to the region and the international community. China attaches great importance to bilateral relations and President Xi Jinping will also meet with the prime minister soon, he said.

On the basis of four political documents between the two countries, including China-Japan Treaty of Peace and Friendship and Sino-Japanese Joint Statement, China is glad to join hands with Japan to promote the new development on back-on-track bilateral relations and will try to achieve further development, said the Premier.

He said Prime Minister Shinzo Abe has expressed positive views many times toward Sino-Japan relations, so he hopes the two countries could cherish and secure the positive trend in bilateral ties, strengthen sound interactions, manage historical issues, Taiwan question and East China Sea issue to promote the continuous improvement of bilateral relations.

China is also willing to carry out dialogues with Japan in political and economic fields, strengthen policy connection and coordination, deepen cooperation in tech innovation, energy saving and green development, medical field and senior care, finance, disaster prevention and agriculture, making the third-party market a new pillar for the pragmatic cooperation of the two countries, said the Premier.

He called for boosting the establishment of related projects as soon as possible through well-organized dialogues on innovation. Premier Li also urged the two sides to open the direct liaison hotline under the China-Japan maritime and air liaison mechanism, increase the communication between maritime law-enforcement institutions, making East China Sea a place of peace, cooperation and friendliness.

Efforts should also be made to promote the cooperation on judicial law-enforcement, exchanges on teenagers, sports and local fields, and effective measures to facilitate the exchanges of people in the two countries, he added.

Under the current international background, China and Japan, as major economies of the world, should jointly safeguard multilateralism and free trade and promote the establishment of an open world economy, said the Premier.

Efforts should be made to accelerate negotiations on China-Japan-ROK free trade zone and the Regional Comprehensive Economic Partnership (RCEP) to facilitate regional trade and investment.

Abe said, Premier Li¡¯s visit to Japan this May has brought bilateral ties back to normal, which should be taken as a chance to start a new era of China-Japan ties, featuring cooperation instead of competition.

China and Japan are important neighbors and strategic partners without threats for each other, he said, adding that China¡¯s development is an important opportunity for Japan.

Japan is willing to strengthen high-level exchanges with China and expand cooperation in the fields, such as economy and trade, investment, finance, innovation, third-party market, teenagers, sports, and regional cooperation on the basis of the four political documents between the two sides, Abe said.

Cooperation between China and Japan is the current trend, and is helpful to solve common concerns facing the whole world said the prime minister.

The two sides should work hard to promote the RCEP negotiation to achieve practical results, enhance the establishment of free and fair international economic order and contribute to free trade and world economic development.

During the meeting, both sides also exchanged ideas on international and regional issues of common concerns.

After the meeting, the two prime ministers witnessed the signing of cooperation agreements on politics, innovation, finance, customs, and sports.

Before the meeting, Premier Li held a welcome ceremony for Abe at the Great Hall of the People.

State Councilor and Foreign Minister Wang Yi, Vice-Chairman of Chinese People¡¯s Political Consultative Conference (CPPCC) Yang Chuantang, and CPPCC Vice-Chairman and Head of the National Development and Reform Commission He Lifeng attended the meeting. Oct.27,2018, from:english.gov.cn
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point.gif (302 bytes) More enabling business environment to be created

The government will do more to resolve the concerns of businesses identified during State Council inspection tours, ensure full delivery of all pro-business policies and build a national Internet Plus regulation system to make government regulation smarter, more standardized and better targeted, the State Council decided during an executive meeting chaired by Premier Li Keqiang on Oct 22.

The government places high importance on improving the business environment. President Xi Jinping stressed the need to improve the investment and market environment, cut the cost of market operations and foster a stable, fair, transparent and predictable business environment. Premier Li pointed out that it is critical to deepen the reform of government functions for notable improvement in the business environment to improve market exceptions and boost market confidence.

¡°We need to foster a market-driven, law-based business environment that meets international standards,¡± Premier Li said. ¡°The reform of government functions in the past several years has delivered real benefits to market entities. The international community also regards the improvement of our business environment as an important condition for cooperation with China.¡±

The government must redouble its efforts for a more enabling business environment by resolving the pressing concerns of businesses, delivering on all policy incentives and eliminating the obstacles to business development to bolster corporate confidence and competitiveness, those at the meeting decided.

Market access restrictions on private investors will be further eased. An updated version of the market access negative list will be released and fully implemented by the end of the year. All market access restrictions on foreign investors that are not on the negative list will be eliminated by next March, creating a level playing field for investors from both home and abroad.

The number of items subject to government approval will be cut. All existing items requiring government approval will be thoroughly reviewed, and a list of administrative review items will be released by the end of next March when any administrative review conducted outside the list¡¯s purview will be seen as a breach of regulation.

The reviewing procedures for corporate investment will be further streamlined. Measures for reforming the process of business registration cancellation will be formulated by the end of the year.

The meeting also urged reducing the tax and fee burden on enterprises, as well as their social security contribution rate. More concrete measures shall be formulated in these respects.

The government must enhance the efficacy of its services. These services must be standardized. The items subject to administrative penalty will be streamlined and measures to regulate the exercise of discretion will be formulated. No arbitrariness or a one-size-fits-all approach will be allowed in law enforcement.

¡°There is a direct linkage between the state of a business environment and efforts of the government,¡± Premier Li said. ¡°It is important that the government works out a law-based list of items subject to government approval. Issuance of a business license and that of administrative permits must be decoupled.¡±

To improve compliance oversight and build on the regulatory approach of random selection of inspectors and market entities to be inspected, as well as public release of the inspection results, it was decided at the meeting that an Internet Plus regulation system will be established based on the national government service platform.

This will enhance oversight of the regulatory work of local authorities and government departments, and help forestall and detect lurking problems and cross-sectoral, inter-regional risks by pooling and sharing information. This system will be uploaded online with the national government service platform by the end of next September.

¡°We must lose no time in building a ¡®nerve center¡¯ for government regulation, and the Internet Plus approach is a good way to start,¡± Premier Li said. ¡°Given the uneven regulatory capacities across regions and departments and lack of information sharing, the key to a successful Internet Plus regulation platform is to ensure that all information is shared and open to the public. This will help level the playing field for all businesses.¡±  Oct.24,2018, from:english.gov.cn
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point.gif (302 bytes) State Council adjusts leadership of openness in government affairs group

The national leading group for openness in government affairs is to be reshuffled, according to a circular released by the State Council on Oct 17.

State Councilor and Secretary General of the State Council Xiao Jie will become the group leader, and Deputy Secretary General of the State Council Peng Shujie will become the deputy head.

Deputy Director of the State Council Information Office Guo Weimin and 18 other officers from different ministries will become members of the group.

The office for the leading group is located in the General Office of the State Council, which will undertake the daily work, make policy suggestions for promoting openness in government, and implement decisions made by the leading group.

Any changes in membership need approval from the group leader, the circular said.

(Oct.018,2018)
  from:english.gov.cn
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point.gif (302 bytes) Govt approves Hainan Free Trade Pilot Zone

A free trade pilot zone in Hainan was approved by the State Council in a circular released on Oct 16.

According to the circular, the pilot zone will cover the whole island of Hainan.

It also said the development and utilization of the land and sea area must strictly abide by national laws and regulations, as well as the integrated plan of Hainan province.

While intensively using the land and sea, uninhabited islands should be used in strict accordance with the Law of the People¡¯s Republic of China on Protection of Islands, it said.

The scope of special customs oversight areas and the application of taxation policies in Hainan Free Trade Zone will remain unchanged.

The Hainan provincial government, the Ministry of Commerce and other related departments should carry out the organization and implementation of the overall plan, the circular added.
(Oct.016,2018)  from:english.gov.cn
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point.gif (302 bytes) Zhao Changfu meets with guests attending the 2018 national conference on private enterprise cooperation
Wu Shaowei attended the meeting.
Last night, Zhao Changfu, secretary of CPC Yingkou committee and director of the standing committee of the municipal people's congress, met with guests from China association for individual investors and the state administration of market supervision who attended the 2018 national conference on private enterprises cooperation held in Yingkou.
(Oct.11,2018)


point.gif (302 bytes) Yu Gongbin meets with entrepreneurs attending the 2018 national conference on private enterprise cooperation
Yesterday afternoon, mayor Yu Gongbin met with entrepreneurs attending the 2018 national conference on private enterprises cooperation.
(Oct.011,2018)

point.gif (302 bytes) Yingkou Beihai Economic Development Zone held a special promotion meeting for health care in Beijing

From September 25 to 29, the provincial government launched a series of activities to promote investment promotion week in Beijing, during the time Beihai Economic Development Zone of Yingkou, in combination with its own industrial development reality, held a special promotion meeting for "keeping good health in North East China " in the afternoon of September 26 at Liaoning Building in Beijing.
Vice mayor Weng yongcai attended the meeting and made a comprehensive introduction on city's the urban construction, development of medical and health industry advantages and business environment.
(Oct.08,2018)

point.gif (302 bytes) China to introduce more measures to facilitate foreign investment

The Chinese government will roll out more measures to facilitate the delivery of major foreign-invested projects, lower tariffs on some imported goods and streamline customs clearance procedures at a faster pace, in an effort to expand opening-up and foster a fairer, more convenient and more enabling environment for foreign investment, it was decided at the State Council executive meeting presided over by Premier Li Keqiang on Sept 26.

The Chinese government places great importance on foreign investment facilitation. President Xi Jinping has underscored China¡¯s firm commitment to pursuing the fundamental national policy of opening-up, promoting high-standard investment, protecting lawful rights and interests of foreign investors, and fostering a more attractive investment environment. Meanwhile, Premier Li Keqiang has emphasized on many occasions the pledge to widen market access, give equal treatment to Chinese and foreign companies, more effectively protect intellectual property rights, and better facilitate foreign investments in China.

It was decided at the meeting on Sept 26 that an online filing process will be introduced in regulating foreign investment in China. Unified market access criteria will be applied to both Chinese and foreign investment in areas outside of the negative list. Large-scale foreign investments eligible for major project development plans will receive support on land and sea-use approval procedures, and accelerated environmental impact assessment and their logistic costs will be reduced.

More areas will be open to foreign investment. The withholding tax deferral policy for reinvestment by foreign investors in China will be expanded from the designated encouraged projects to any areas and projects that are not prohibited. The meeting also called for intensified protection of intellectual property rights.

¡°This year marks the 40th anniversary of reform and opening-up in China. Given the evolving situation at home and abroad, it is important to firmly commit to fostering a greater opening-up and attracting foreign investment to help anchor market expectations,¡± Premier Li said.

Statistics from the Ministry of Commerce show that paid-in foreign investment reached $86.5 billion between January and August 2018, a 6.1 percent increase year-on-year.

More steps were approved at the meeting to cater to diverse consumer needs and facilitate industrial upgrading. Starting from Nov 1 this year, import tariffs on a total of 1,585 tax items will be slashed. The average tariff rate for high-demand products in domestic markets such as machinery and industrial instruments will be cut, from 12.2 percent to 8.8 percent, textile and construction materials from 11.5 percent to 8.4 percent, paper and other resource-based products and primarily processed goods from 6.6 percent to 5.4 percent. Tax brackets will be consolidated for goods in the same or similar categories.

Tariff cuts introduced to date will help reduce corporate and consumer tax burdens by nearly 60 billion yuan and lower China¡¯s overall tariff rate from 9.8 percent last year to 7.5 percent.

More efforts will be made to expedite customs clearance. The meeting decided that by Nov 1 this year, the number of customs clearance documents subject to verification at ports will be reduced from 86 to 48. The list of administrative charges at ports will be released before the end of October. Compliance costs for containers clearing will be reduced by at least $100 by the end of this year.

Overhaul of fees must be completed without delay in order to abolish unreasonable charges and cut compliance costs, Premier Li urged at the meeting.

¡°Competent departments must make concerted efforts to enhance oversight and treat foreign and domestic businesses as equals,¡± he said.
(Sep.28,2018)  from:english.gov.cn
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point.gif (302 bytes) Ten years after first spacewalk, China aims more ambitious space mission

Exactly 10 years ago, Chinese astronaut Zhai Zhigang emerged from the airlock, in space, of Shenzhou-7 spacecraft and became the first Chinese to conduct a spacewalk.

Ten years on from Sept 27, 2008, astronauts at the China Astronaut Research and Training Center have been training hard in a neutral buoyancy pool, a very deep pool used to simulate zero gravity in space, to prove the validity and rationality of China¡¯s future plan for extravehicular missions, and to prepare for future space missions.

China¡¯s current space lab, Tiangong-2, has been in orbit for two years. However, it was designed more as a test bed for technology rather than long-term space station and is set to be decommissioned next year.

China is planning to launch a space station, much larger, with a longer lifespan. Zhai¡¯s spacewalk lasted for 19 minutes and 40 seconds. However, for missions on China¡¯s future space station, the spacewalk will be much more frequent and complex. The Astronaut Center has designed specific training for this.

¡°For our future space station, under our current plan each spacewalk will last for about six hours,¡± said Yin Rui, deputy commander of the astronaut system at the Astronaut Center of China, ¡°This will bring a heavy workload and difficult mission for our astronauts.¡±

So Chinese astronauts are training hard for future missions.

¡°Every maneuver needs to be perfect. We practice each move thousands of times, so that we can complete every maneuver even subconsciously,¡± said Chen Dong, who traveled to space in Shenzhou-11 mission and stayed in Tiangong-2 space lab for a month.

¡°There are margins for error. I mean, spacecraft engineers have left margins for error for us. But we reduce that room intentionally during training.¡±

However, more training means less time for family. China is extremely tough when picking its astronauts, and even more so when training them. Chen trained for six years before his first mission.

¡°One¡¯s time is limited. I think every astronaut has to make sacrifices. I spent very little time with my family during my six-year training,¡± Chen admitted. ¡°My wife had to carry up all the family responsibility. I think families of astronauts are also making sacrifices and their support is also essential to China¡¯s space program.¡±

China¡¯s manned space program has made tremendous progress since the first spacewalk.

In November 2011, unmanned Shenzhou-8 made China¡¯s first space rendezvous and docking with the ¡°target spacecraft¡± Tiangong-1. Less then a year later, Shenzhou-9 made the first manned docking with the same spacecraft.

In June 2013, crews of Shenzhou-10 made a short-term stay on Tiangong-1 and conducted 27 experiments on board. In September 2016, China launched its first space station Tiangong-2 and Shenzhou-11 docked with the space station a month later with astronauts Jing Haipeng and Chen Dong, who lived and conducted experiments aboard the space station for a month.
(Sep.27,2018)  from:english.gov.cn
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point.gif (302 bytes) China to further develop private economy
Premier Li Keqiang received three rounds of applause during his opening speech at the 2018 Summer Davos Forum in Tianjin on Sept 19, especially when he spoke about the private economy.

Premier Li reiterated that China will unswervingly consolidate and develop the public sector of the economy, while encouraging, supporting and guiding the development of the nonpublic sector of the economy.

He also said that China will further implement and improve policies and measures to support the development of the private economy, and eliminate obstacles that hinder that development.

He added that the Chinese government will make more efforts to ease market access for private enterprises.

The Chinese government has taken various measures to ease difficult and costly financing for small and medium-sized enterprises, and most among them are private enterprises, the Premier said, adding that private enterprises not only contribute more than 50 percent to the tax revenue of the country, but also supply China¡¯s largest employment.
(Sep.19,2018)  from:english.gov.cn
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point.gif (302 bytes) Xi calls for strengthening cooperation in Northeast Asia for regional peace, prosperity
President Xi Jinping addresses the plenary session of the fourth Eastern Economic Forum (EEF) held in Vladivostok in Russia¡¯s Far East, on Sept 12, 2018. [Photo/Xinhua]

VLADIVOSTOK ¡ª President Xi Jinping called on countries in Northeast Asia to seize the historical opportunity and conform to the trend of the times to strengthen cooperation in the Russian Far East and Northeast Asia for a better future of the region.

He made the remarks while addressing the plenary session of the fourth Eastern Economic Forum (EEF) in Vladivostok in Russia¡¯s Far East on Sept 12.

¡°Under new circumstances, we should join hands and strengthen cooperation to promote peace, stability, development and prosperity in the region,¡± Xi told the forum, which was also attended by Russian President Vladimir Putin, Mongolian President Khaltmaa Battulga, Japanese Prime Minister Shinzo Abe and Prime Minister of the Republic of Korea Lee Nak-yon.

President Xi Jinping (3rd L, rear) attends the plenary session of the fourth Eastern Economic Forum (EEF), together with Russian President Vladimir Putin, Mongolian President Khaltmaa Battulga, Japanese Prime Minister Shinzo Abe and Prime Minister of the Republic of Korea Lee Nak-yon, in Vladivostok in Russia¡¯s Far East, on Sept 12, 2018. [Photo/Xinhua]

Xi proposed that countries in Northeast Asia should build up mutual trust to safeguard regional peace and tranquility; deepen cooperation to achieve mutually-beneficial and win-win outcomes; learn from each other to consolidate their traditional friendship; and take a long-term perspective to realize integrated and coordinated development.

¡°A harmonious, united and stable Northeast Asia with mutual trust conforms to the interests of all countries and the expectations of the international community, and is also significant for safeguarding multilateralism and promoting a more just and equitable international order,¡± Xi said, noting that the international situation is now undergoing profound and complicated changes with rising power politics, unilateralism and protectionism.

The Chinese president said that the six Northeast Asian countries account for 23 percent of the global population, and their gross domestic product make up 19 percent of the global economy.

As a member of Northeast Asia, China has always upheld the concept of peaceful development to create a harmonious and friendly neighboring environment; participated in regional cooperation in the spirit of mutual respect and in a constructive manner; and endeavored to promote exchanges and dialogues while taking into consideration the concerns of all parties, Xi said.

¡°The Chinese side is willing to continue to work with all other sides to constantly consolidate unity, build up mutual trust, explore effective ways to maintain lasting peace and stability in Northeast Asia, and make unremitting efforts to achieve peace, stability and development in the region,¡± he said.

Xi said the regional countries should actively align their development strategies, strengthen policy communication and coordination, improve cross-border infrastructure connectivity, promote trade and investment liberalization and facilitation, jointly build an open regional economy, and boost sub-regional cooperation to benefit the people in the region.

¡°In this regard, the Chinese side supports the Asian Infrastructure Investment Bank and the Silk Road Fund in playing a greater role by guaranteeing the project fund,¡± he said.

Xi expressed the hope that the regional countries can expand ways of communication, innovate forms of cooperation, and facilitate the exchanges among the people of all age groups.

The President also called on the regional countries to explore new models for coordinated development in Northeast Asia, speed up scientific and technological innovation, foster a resource-saving and environment-friendly industrial pattern and way of life, and jointly tackle the regional environment issues that all countries are facing.
(Sep.14,2018)  from:english.gov.cn

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point.gif (302 bytes) Premier promises level playing field

Premier Li Keqiang promised a level playing field for both domestic and overseas enterprises while meeting with Darren Woods, CEO and chairman of ExxonMobil, in Beijing on Sept 7.

ExxonMobil discussed a $10 billion exclusively funded petrochemical project in South China¡¯s Guangdong province with the Chinese side.
Premier Li said that a thriving two-way investment mode between China and the United States is conducive to both parties, the stable development of the global economy, and growth in international trade. Nations around the globe should join hands to safeguard free and convenient trade, as well as investment.
China is a huge market where investors can get a fair and reasonable return, the Premier added.
ExxonMobil regards this investment as an important step toward its long-term cooperation with China, Woods said, adding that the company appreciates recent moves by the Chinese government in opening-up, business environment optimization and protection of intellectual property rights.
These measures will help China realize its development goals, and provide broad opportunities for ExxonMobil and other foreign enterprises, he said.
¡°The Chinese government will adopt a stricter intellectual property protection system. If foreign companies encounter infringements of intellectual property rights in China, they can complain to relevant departments or to the State Council directly. We will crack down on them according to law with severe punishments,¡± Premier Li assured the foreign guests.
It will protect not only the legitimate rights and interests of foreign-funded enterprises, but also the enthusiastic Chinese science and technology personnel, thus promoting transformation and upgrading of the Chinese economy, the Premier added.

¡°Competition is welcomed and we will grow better from that,¡± Woods responded when learning of the 10 billion-euro investment from BASF Group of Germany to construct a fine chemical integrated base in Zhanjiang, Guangdong province.
Competition creates a fair market, which incubates advanced enterprises, the Premier concluded, saying that it is the responsibility of the Chinese government to provide a level playing field and continuously optimize the business environment for all types of enterprises.
China hopes that US enterprises, including ExxonMobil, will make an active move to expand their investment in this country, and mirror China¡¯s reform and opening-up and development to the world with an objective and fair voice.
China will further deepen reform and expand opening-up, provide more convenience for foreign companies to invest in China, and remain an ideal place for foreign investment, the Premier said.
ExxonMobil is willing to boost China¡¯s manufacturing with world-leading technologies and efficient products, and conduct more long-term cooperation, Woods said, showing confidence in the project.
(Sep.12,2018)  from:english.gov.cn
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point.gif (302 bytes) Inspired by new policy, new energy vehicles on a roll

Workers assemble electric vehicles at a new energy vehicle factory in Zhejiang province. [Photo provided for China Daily]
Both sales and production of new energy vehicles in China continued to rise in the first half of this year, and are expected to sustain the growth momentum during the second half, analysts said.
New energy vehicle sales increased 111.5 percent year-on-year to 412,000 units in the first half, while production rose 94.9 percent to 413,000 units, according to data from the China Association of Automobile Manufacturers.
According to Kou Nannan, senior associate with Bloomberg New Energy Finance¡¯s advanced transport sector, the upsurge in new energy vehicles during the first half reflects the ¡°consumption in advance¡±, a response to Beijing¡¯s gradual reduction of subsidies.
Kou expects the growth rate to be less drastic in the second half. Manufacturers, especially those producing low-end products, are likely to raise prices to avoid death due to decline in government subsidies.
¡°Those making high-end products might maintain their prices as subsidies for this sector have actually increased this year,¡± he said.
Headroom for price cuts has been sufficient for certain new energy vehicles, especially e-buses, as well as cost savings through economies of scale and battery technology improvement.
According to a new policy, subsidies for new energy vehicles with a driving range below 150 kilometers stopped from June 12, while vehicles with a 150 km to 300 km driving range will receive minimal subsidies.
Battery power/weight requirements for receiving subsidies have been also increased from 90 watt-hours/kilogram to 105 wh/kg, according to the new policy released by the Ministry of Finance.
Authorities had said subsidy for new energy vehicles will reduce in phases from 2017 to 2020, with tighter technical requirements.
Industry insiders said the subsidy cut, which is meant to aid the industry¡¯s development in high quality segments and avoid blind expansion, would further boost sales as the sum accounts for only a small percentage of the cars¡¯ price tags.
¡°The new policy will enhance energy density and upgrade the industry,¡± said Cui Dongshu, secretary-general of the China Passenger Car Association.
According to Fitch Ratings, thanks to policies like consumer purchase incentives and license-plate restrictions, China¡¯ new energy vehicle market will expand steadily to meet its sales target of 2 million units by 2020, from around 507,000 in 2016 and 777,000 in 2017.
However, the development of the new energy vehicles for the medium- to long-term market will have to ensure advances in battery technology and charging infrastructure, it said.
China has remained the world¡¯s largest new energy vehicle market for three consecutive years, as the country intensified efforts to encourage the use of such vehicles to ease pressure on the environment by offering tax exemptions and discounts for car purchases.
The government expects annual new energy vehicle output to hit 2 million units in 2020, and sales to make up 20 percent of the overall auto market by 2025.  
(Sep.10,2018)  from:english.gov.cn
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point.gif (302 bytes) From Silk Road to Silk Railroad

With its origins in the Han Dynasty (207 BC-220 AD), the Silk Road was an ancient network of trade routes that extended from China, across Central Asia, as far as Europe.
Historically, the Silk Road was a key link between China and the West. Along with it, not only goods but also ideas were exchanged between the two great civilizations of Rome and China.
However, a trip along the ancient Silk Road was never a romantic journey as the name suggests. While traveling thousands of kilometers, merchants had to contend with extreme climates and terrains as they had to cross snow-capped mountains and vast deserts, among other hardships.
Due to such hardships, it was rare for anyone to undertake the entire journey. Instead, goods would usually be carried by teams of caravans, working in relays.
Time flies, today, the camel caravans have been replaced by trains.
And goods are being shipped at a pace that the ancient merchants could never have imagined.
Two thousand years ago, it would take a year for merchandise to be transported between China and Europe. But today, consumer goods from China can reach London in just 14 days, thanks to the Silk Railroad ¡ª an international freight railway network that connects China to cities across Europe.
A key stop on this network is Yiwu, in East China¡¯s Zhejiang province. Today, the city is one of China¡¯s leading trade hubs.
Until recently, Europe bound goods from Yiwu would take two hours by the road just to reach the nearest seaport in China, followed by a two-month journey across the ocean. Today, Yiwu is thriving, thanks to a direct overland rail connection to Europe ¡ª the Silk Railroad.
One of the destinations is Madrid. The 10,000- kilometer journey from Yiwu, across Kazakhstan, Russia, Belarus, Poland, Germany, France and into Spain, takes 16 days, compared to the six-week journey-time by sea.
The trains, when they return, carry cargoes that include fine Spanish wines and other luxury items that are finding a growing market in China.
The Yiwu-Madrid line and other rail routes that are being established are carrying trade between China and Europe into a new era of connectivity.
(Sep.05,2018)  from:english.gov.cn

point.gif (302 bytes)Medical disputes to be settled legally