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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

Regulation on prevention and settlement of medical disputes, which was passed at the State Council executive meeting on June 20, was recently promulgated.
The regulation is meant to protect the legitimate interests of medical staff and patients by preventing and resolving disputes to maintain order and ensure security in medical care.
It advocates mutual respect in medical treatment and the rule of law in safeguarding rights. Fairness, justice and promptness should be upheld in dealing with medical disputes.
Governments above the county level should enhance leadership in tackling medical disputes, and include it in the governance system of public security. A coordinating mechanism should be established to divide responsibilities among government departments, as required in the regulation.
Medical institutes and their staff are asked to put patients first, giving them humane care. And medical institutes should enhance training on related laws and professional ethics.
When disputes occur, medical staff and patients can pursue the following: negotiating on a voluntary basis, applying for mediation, asking for administrative conciliation, filing a lawsuit with the people¡¯s court and other approaches regulated by the law.
The regulation will be enforced starting on Oct 1, 2018.
(Sep.04,2018)  from:english.gov.cn

point.gif (302 bytes) Premier Li: China to adopt stricter IPR protection system
 
Premier Li Keqiang said China will adopt stricter rules to protect intellectual property rights, during his meeting with Francis Gurry, director general of the World Intellectual Property Organization (WIPO) in Beijing on Aug 28.
Protecting property rights is the cornerstone of the market economy, while protecting intellectual property rights is a prerequisite for innovative development, according to Premier Li.
To protect IPR is to protect innovation and passion of creative talent, which is of great importance to a nation¡¯s development. And developing countries will not achieve transformation without innovation, he said.
As the world¡¯s largest developing country, China is at a critical stage of economic upgrading, said Premier Li, adding that China will adopt a stricter IPR protection system, in which acts of compulsory transfer of and infringement on intellectual property rights will be severely punished.
China rises to 17th in 2018 Global Innovation Index
Gurry presented Premier Li the 2018 Global Innovation Index report released recently by WIPO.
¡°Congratulations to China for moving up another five spots from last year. Since 2013, China¡¯s ranking has moved from 35th to 17th. I believe China will continue its development,¡± Gurry said during the meeting.
¡°We are aware that China is a developing country, with a long way to go to realize modernization. Chinese people are expecting better lives. To meet their demand faster, an important measure is to promote innovation,¡± Premier Li said.
The Premier said that in recent years, China has been implementing an innovation-driven strategy and promoting mass entrepreneurship and innovation. This can help gather wisdom to push forward innovation, while creating a large number of job vacancies. People can start their own businesses through innovation, and also innovate through entrepreneurship.
¡°There is still a big gap between China and developed countries at the moment. We are eager to learn advanced technologies from developed countries. We are also willing to let companies cooperate on paid-transfer of IPR through consultations on an equal footing, based on respect for and protection of IPR as well as commercial and market rules,¡± he said.
(Aug.30,2018)  from:english.gov.cn
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point.gif (302 bytes) Integrated medical reform to be cemented

Reform on medical care, insurance and medicine should be reinforced to relieve the difficulty of receiving treatment, Premier Li Keqiang said in a written instruction to a national teleconference on medical reform in Beijing on Aug 27.
Premier Li said the new round of medical reform has brought significant achievement with Chinese special methods. This is mostly due to contributions by reform participants and medical staff, who have dedicated themselves to carrying out medical reform and protecting the public¡¯s health.
In the new era, tough measures will be taken on the integrated reform of medical care, insurance and medicine, the Premier said. Breakthroughs must be made in reducing extortionate drug prices, deepening reform on public hospitals, improving basic healthcare insurance and the tiered diagnosis and treatment system, as well as developing Internet Plus healthcare.
All these efforts are being made to encourage society to respect healthcare workers and value health, and to build a healthy China, the Premier stressed.
Vice-Premier Sun Chunlan attended the meeting. She noted the current reform needs more efforts to help policies settle in and eliminate any major problems. Sustainable financial input should be given to reform to bring real benefits to the public and incentives to medical staff, then the healthcare cause can welcome prosperity.
Local governments and related departments should coordinate medical care, and insurance and medicine systems to enhance the construction of a basic medical and health system with a focus on addressing the issues, such as unbalanced medical sources and expensive medical treatment, the vice-premier said.
Efforts should be made to accelerate the price reduction of anti-cancer drugs, promote pilot work on national centralized procurement of drugs, and improve basic medicine system to squeeze drug prices and ensure quality and safety.
She also called for further reforms in medical service prices, financial input and salary systems to improve hospital management and performance appraisal, and mobilize the enthusiasm of medical staff.
The vice-premier urged reforming medical insurance payment methods and strengthening comprehensive medical assistance to prevent patients and their families from falling into or returning to poverty due to illnesses.
Allocation of medical resources should be optimized; there should be an improved grassroots talent incentive mechanism covering general practitioners and family doctors, and social forces¡¯ participation in this move should be promoted to provide qualified healthcare services for the general public, according to the vice-premier.
(Aug.28,2018)  from:english.gov.cn


point.gif (302 bytes) Tailored measures to help financing for SMEs

China will improve the transmission mechanism of its monetary and credit policies to ensure full delivery of measures to make financing more accessible and affordable for small and micro businesses, the State Council¡¯s executive meeting chaired by Premier Li Keqiang decided on Aug 22.
The Chinese government attaches great importance to financial services for small and micro businesses. President Xi Jinping stressed that serving the real economy is the central mission of the financial sector and underlined the need for better financial services for micro and small firms. Premier Li Keqiang said that employment and growth prospects hinge on a vibrant micro and small business community. He called for more effective and efficient transmission channels for monetary and credit policies to ensure that all policy incentives targeting SMEs are fully delivered.
¡°There is now a pressing need for the financial sector to serve the real economy, micro and small businesses in particular, as these businesses play a critical role in creating jobs,¡± Premier Li said.
Making financing more accessible and affordable for small and micro businesses has been on the agenda of the State Council¡¯s executive meeting many times since the start of this year. In June, re-lending and rediscount quota for small companies and for agriculture and rural areas was increased by 150 billion yuan ($23.11 billion). Application requirements for such lending facilities were eased, new lending formats were introduced, and the scope of qualified collateral widened. In July, re-lending and rediscounts for small companies and for rural areas rose by 19.1 billion yuan.
¡°There have been some new developments both internally and externally this year, while financing difficulties facing micro and small businesses are acutely felt,¡± Premier Li said. ¡°It is imperative to smooth the transmission mechanism of financial policies and keep our measures well-calibrated to ensure that liquidity remains reasonably ample.¡±
The country will stick with prudent monetary policies and refrain from resorting to a deluge of strong stimulus policies, it was stressed at the meeting. The government will work to improve the transmission mechanism of its monetary and credit policies to ensure full delivery of measures aimed at lowering financing costs for small and micro businesses.
More financing support will be given to small and micro businesses, including setting proper time frames and options for loan payment and shortening the time required for credit approval for small and micro businesses, and increasing the share of mid- and long term loans as appropriate.
An incentive mechanism linking performance assessment of financial institution with the amount of loans they issue to small and micro businesses will be established, and a more accommodating approach will be exercised over the loan-to-deposit ratio of financial institutions to further motivate them to better serve small businesses.
Regulatory and evaluation mechanisms will be improved. An indicator on small and micro businesses loans will be added to the evaluation mechanism. Irregularities such as linking loans with deposits and arbitrarily requiring the purchase of financial products will be resolutely prohibited.
All policy incentives introduced must be implemented to see results delivered as soon as possible, and it is important to give equal emphasis to promoting development and staving off risks and help ensure a better economic performance in the remainder of the year, Premier Li stressed.
(Aug.23,2018)  from:english.gov.cn


point.gif (302 bytes) Inter-ministerial joint conference system on left-behind children established

The State Council recently issued a written reply to the Ministry of Civil Affairs, in which permission was given to establish an inter-ministerial joint conference system on caring for left-behind children and securing the well-being of children in need.
Under the leadership of the State Council, the system will coordinate and conduct overall plans to help children who are either left behind or living with difficulties. That includes formulating related policies and measures, presenting motions to the State Council, organizing and steering daily routine work, and promoting ministerial cooperation.
The conference system consists of wide-ranging ministries and commissions, highlighting the Ministry of Civil Affairs, the political and judiciary commission under the Central Committee of the Communist Party of China, the Office of the Central Cyberspace Affairs Commission, and the National Development and Reform Commission.
Huang Shuxian, the minister of civil affairs, will serve as the convener, with 26 members from other ministries and commissions.
A plenary session will be held once a year, presided over by the convener or anyone entrusted by the convener. A provisional session may be organized if instructed by the State Council or called for by administrative work.
There should be a liaison¡¯s session prior to the plenary session, which should take on the discussions on motions and related matters to be presented to the plenary session. And the latter should have minutes to specify items for discussion. Significant matters should be presented to the State Council.
All member units should take on their fair share in accordance with their respective duties, hinging on organization by the Ministry of Civil Affairs. And the office of the joint conference system should follow up with the implementation of agreed items and report their progress to all related members.
(Aug.22,2018)  from:english.gov.cn
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point.gif (302 bytes) Tax cuts to benefit people far and wide

The State Council has long been introducing tax reduction policies on a consistent basis. These measures have ushered in ample benefits to market entities, as well as citizens, which has helped people save a substantial amount of money.
As Premier Li Keqiang stated at a press conference during the two sessions this year, reduction on taxes and fees is an out-and-out pragmatic reform by the government, which should be pushed forward at full capacity. With less fiscal revenue, more money will be saved for people at large.
According to the report on the final State accounts in 2017, the lump sum of the annual newly-added tax reduction outstripped 380 billion yuan ($55.23 billion).
When it comes to 2018, the figure will be larger than that again for enterprises and citizens. It¡¯s worth noting that there are two milestone dates in the process of realizing the 800 billion yuan tax cuts, May 1 and July 1.
On May 1, the government rolled out a slew of VAT reform policies that benefit both domestic and overseas enterprises, which will effect a 400 billion yuan tax reduction. Logistics enterprises were granted a 50 percent reduction valid from May 1 to Dec 31, 2019 on urban land utilization taxes and import tariffs on 28 drugs, including cancer treatment medication, came into force on May 1.
On July 1, China introduced an average 8.8 percent tax rate decrease on import tariffs for 1,449 taxable items that are daily consumer goods. An average 46 percent tax reduction was enforced on automobile products¡¯ import tariffs and a preferential policy was carried out, benefiting venture capital firms, personal angel investment at the seed stage and technology start-ups with taxable income deduction on 70 percent of the investment volume. A preferential policy was implemented catering to scientific and technical personnel, for whom only 50 percent of the cash bonus translated from professional technology achievements is subject to individual income tax payment. A 50 percent reduction on the vehicle purchase tax was put into effect for trailer purchasers, which remains valid until June 30, 2021.
Additionally, a draft of the amendment to the Law on Personal Income Tax was presented to the Standing Committee of the National People¡¯s Congress on June 19 for discussion. The amendment proposed raising the threshold of individual income tax from 3,500 yuan to 5,000 yuan per month. In addition, expenses on children¡¯s education, further education and medical treatment for serious diseases, house loan interest, and house rents and the like will be deducted for the very first time.
(Aug.14,2018)  from:english.gov.cn


point.gif (302 bytes) Measures end unnecessary certificates

T
he Chinese government has rolled out measures with a clear timetable to end unnecessary certificates, or certificates with no legal basis, to bring convenience to citizens and enterprises in handling government-related affairs, according to a circular issued by the State Council in June.
It came after an announcement on relaxing market entry made by Premier Li Keqiang during the news conference for the first session of the 13th National People¡¯s Congress in March.
The circular urged departments and local governments to study and offer advice on canceling or reserving certificates item by item, and remove certificates no later than the end of 2018, to ensure any license without a legal foundation will be canceled.
For necessary certificates, a list of their legal bases, issuing departments and process guidance should be published, and any government organ is banned from creating certificates beyond the list, according to the circular.
Any government unit issuing unnecessary certificates or raising requirements should be investigated, and those who cause adverse social impact should be held accountable.
Also, the circular stressed enhancing technical support for information sharing among and within government departments, to thoroughly address the problem.
(Aug.14,2018)  from:english.gov.cn
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point.gif (302 bytes) State Council vows to cut red tape via better e-services

The State Council has vowed to cut red tape by building a better national e-government service platform and integrating online and offline service, according to a notice issued in June.
A unified identity authentication system will be adopted for online government services across the country.
E-government services will be extended to Weibo, WeChat and the app platform. State Council departments are encouraged to connect to the State Council app.
According to the notice, by the end of 2019, 90 percent of government services at the provincial level should be accessible online, and 70 percent of municipal government services should be online.
On-site paperwork will be reduced and put online, such as registration and making appointments.
On June 11, a complaint platform was opened at the State Council website. People can use it to report any inconveniences in government services.
Premier Li Keqiang also asked the State Council General Office to launch inspections for the implementation of a red-tape cutting campaign.
During the two sessions in 2018, the Premier pledged to ease market access through a slew of measures, including cutting the approval process for starting a business, reducing permitting time for construction project, and building a better e-government.
(Aug.11,2018)  from:english.gov.cn
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point.gif (302 bytes) Lives improved since Government Work Report issued

Since the Government Work Report was released in March, many promises in the report have been fulfilled. Social-economic indicators are as expected.
Projected annual GDP growth rate: 6.5 percent
Actual GDP growth rate in first half: 6.8 percent
Projected rise in CPI: 3 percent
Actual half-year rise in CPI: 2 percent
Projected new jobs in 2018: 11 million
Actual new jobs created in first half: 7.5 million, or 68 percent of projected number
Projected urban unemployment rate in 2018: below 5.5 percent
Actual urban unemployment rate: 4.8 percent; the number is below 5 percent for three months in a row
Cancel data traffic roaming charges
From July 1, domestic data roaming charges were canceled. Provincial data were upgraded to domestic data, excluding Hong Kong, Macao and Taiwan.
Raise personal income tax threshold, and add expense deduction items for children¡¯s education and treatment for serious diseases
In the draft amendment for personal income tax law, the personal income tax threshold will be raised to 5,000 yuan a month, with expense deductions for items such as children¡¯s education and treatment for serious diseases, home loan interest and home rent. The draft has been submitted for review by the standing committee of the National People¡¯s Congress.
Lower import tariffs on automobiles, some everyday consumer goods
From July 1, import tariffs on automobiles and their parts were reduced, as well as most-favored-nation tax rates on some everyday consumer goods.
Continue raising basic pension for rural and nonworking urban residents
Minimum monthly pension for rural and nonworking urban residents was raised from 70 yuan per person to 88 yuan.
Establish central adjustment system for employees¡¯ basic pension funds to be used inter-provincially
From July 1, the central adjustment system for employees¡¯ basic pension funds to be used inter-provincially was launched.
(Aug.03,2018)  from:english.gov.cn
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point.gif (302 bytes) China gets tough on forex violations

BEIJING ¡ª China¡¯s foreign exchange regulator dealt with 1,354 forex-related violation cases in the first half of this year, up 19.7 percent year-on-year, an official statement said on July 24.
The State Administration of Foreign Exchange said in an online statement that it fined and confiscated a total of 345 million yuan ($50.8 million), nearly 60 percent higher than the same period last year.
Among those cases, 559 were committed by individuals, 455 by financial institutions, while the rest were by enterprises.
The regulator has stepped up inspections of financial institutions to ensure a healthy and orderly forex market.
The administration said it would continue to crack down on market irregularities such as fraud and underground bank cases to safeguard economic and financial security.
 (July 25,2018)  from:english.gov.cn
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point.gif (302 bytes) Fiscal, financial policies to bolster real economy
China will continue with stable macro policies and adopt a combination of fiscal and financial measures in an effort to boost domestic demand and bolster support for real economy, the State Council¡¯s executive meeting chaired by Premier Li Keqiang decided on July 23.
The government will give targeted and well-timed regulation in face of external uncertainties and maintain that economy performs within a reasonable range, adding that it will firmly refrain from resorting to a deluge of strong stimulus policies, the meeting announced.
The Chinese government puts developing the real economy high on its agenda. President Xi Jinping underlined the importance of improving the fiscal spending structure by prioritizing funding in key areas and projects. In this year¡¯s Government Work Report, Premier Li Keqiang stressed the need to focus on the real economy and leverage the proactive fiscal policy to tackle the financing difficulties facing small and micro businesses.
In the first half of 2018, the government made tremendous efforts to cut costs for the real economy, including by maintaining robust public spending and scaling up tax and fee cuts. The government also introduced tax incentives and other measures to make financing more accessible and affordable for small and micro enterprises.
The meeting agreed that a more proactive fiscal policy will be pursued. The government will focus on introducing deeper tax and nontax fee cuts, and more companies will be eligible for the preferential policies of the additional deduction of R & D spending in taxable income, a policy which is expected to cut another 65 billion yuan of tax within this year on top of an initial goal of cutting taxes and fees by 1.1 trillion yuan this year.
Efforts will be stepped up in issuing the 1.35 trillion yuan of special bonds for local government to see more tangible progress on ongoing infrastructure projects.
Prudent monetary policy will be neither too tight nor too loose, and aggregate financing and liquidity will remain sufficient, the meeting announced. A better and smoother transmission mechanism is needed to see credit policy incentives effectively introduced and delivered. Financial institutions will also be called on to use the money released from cuts in their required reserves to support small and micro businesses and debt-to-equity swap.
The government will step up efforts to ensure delivery of the state financing guarantee fund, targeting at 140 billion yuan of loans for about 150,000 small and micro firms each year.
Solid implementation is urged of the re-lending policy targeting small businesses. Commercial banks will also be encouraged to issue financial bonds to these businesses with the bond issuers exempted from the requirement of continuous profit-making.
Local authorities that have made visible progress in expanding financing guarantee and reducing costs for small businesses will be meaningfully rewarded.
At the same time, the government will resolutely phase out the ¡°zombie¡± companies to free up their underused funding, and crack down on illegal financial institutions and activities to forestall risks.
¡°Any financial and fiscal policy measure must be considered in a broader context and all measures be well synergized and fully delivered to reduce costs for businesses in the real economy and sustain the sound momentum of growth through the latter half of the year,¡± Premier Li stressed.  
(July 24,2018)  from:english.gov.cn
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point.gif (302 bytes) China¡¯s GDP grows 6.8% in H1

BEIJING ¡ª China¡¯s gross domestic product expanded 6.8 percent year on year in the first half of 2018 to about 41.90 trillion yuan ($6.27 trillion), data from the National Bureau of Statistics (NBS) showed on July 16.
The pace was well above the government¡¯s annual growth target of around 6.5 percent.
In Q2, China¡¯s GDP rose by 6.7 percent year on year, slightly lower than the 6.8 percent from the previous quarter but representing the 12th straight quarter that GDP growth rate has stayed within the range of 6.7 to 6.9 percent, according to NBS data.
China¡¯s economy expanded 6.9 percent in 2017, picking up the pace for the first time in seven years.
NBS spokesman Mao Shengyong told a press conference that the Chinese economy has been running soundly in the first six months, offering ¡°a good start¡± for the country¡¯s pursuit of high-quality development with further restructuring progress and improved economic quality and efficiency.
The service sector expanded 7.6 percent year on year in H1, outpacing a 3.2-percent increase in primary industry and 6.1 percent in secondary industry, according to NBS.
Consumption continued to play a more prominent role in driving growth, with final consumption contributing to 78.5 percent of the economic expansion in January-June, up from 77.8 percent in Q1 and 58.8 percent last year.
The domestic job market remained stable in June, with the surveyed unemployment rate in urban areas at 4.8 percent, unchanged from the level in May and down 0.1 percentage point from June last year.
China¡¯s energy consumed per unit of GDP declined 3.2 percent year-on-year in H1, exceeding the initial target of having energy consumption per unit of GDP cut by at least 3 percent in 2018.
However, noting increasing external uncertainties and the fact that China is still going through a critical stage in structural adjustment, Mao said the country would stick to the supply-side structural reform and coordinate efforts to ensure stable and sound economic performance.
Commenting on China-US trade frictions, Mao said its impact, if any, would have been limited on the Chinese economy in H1, and requires further observation to judge the potential impact on the economy in H2.
With the global economy deeply integrated, the trade frictions, unilaterally stirred up by the United States, would ¡°affect the global economic recovery and sustainability of global trade growth,¡± he told reporters.
For the rest of the year, Mao said China¡¯s economy would stay sound and stable as domestic demand is now the deciding force behind economic growth. He expects consumption to continue its upward trend, and investment to remain stable.
He said while external demand remains an important factor in growth, despite China¡¯s challenges in foreign trade in H2, there are still favorable conditions to support stable and relatively fast trade growth. (July 17,2018)
from: english.gov.cn
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point.gif (302 bytes) Air pollution prevention group revamped
The State Council released a circular on July 3, stating a prior collaboration group on air pollution prevention in Beijing, Tianjin, North China¡¯s Hebei province, and adjacent regions will be readjusted and renamed a leading group on air prevention instead.
According to the circular, the newly established leading group will be in charge of implementation of policies on air contamination, joint control of air pollution, overall planning and supervision on pressing matters and research on measures improving regional air quality.
The leading group will be helmed by Vice-Premier Han Zheng and flanked by four deputy heads ¡ª Li Ganjie, minister of ecology and environment, Chen Jining, mayor of Beijing, Zhang Guoqing, mayor of Tianjin, and Xu Qin, governor of Hebei province.
The new lineup also includes other members from ministries and provincial regions, and its steering office will be at the Ministry of Ecology and Environment.
(July 13,2018)  from: english.gov.cn

point.gif (302 bytes) China to solidify strong employment momentum
The Chinese government will take concrete measures to boost and expand employment, focusing on college graduates, veterans, laid-off and relocated workers, it was decided at the State Council¡¯s executive meeting chaired by Premier Li Keqiang on July 4.
¡°Maintaining steady employment is of primary importance for China¡¯s economic development and is the foremost livelihood issue,¡± Premier Li said. ¡°With the economy looking up in recent years, employment has expanded steadily. Nevertheless, employment must stay high on the government agenda for steady creation of new jobs and improvement in the employment structure.¡±
New urban employment has been running at a high level in recent years. According to the Ministry of Human Resources and Social Security, 6.13 million urban jobs were added between January and May this year, an increase of 140,000 from last year, hitting a new record.
It was emphasized at the July 4 meeting that considering the challenges and uncertainties China still faces on the employment front, government departments at all levels must remain focused on their employment tasks and take multi-pronged measures to fulfill them.
The government will closely monitor the employment situation in key regions and among major groups, and make targeted plans to forestall potential problems.
The reform to transform government functions will be deepened to improve the business environment and ease corporate burdens. Policy incentives will be introduced to encourage companies to keep their payrolls stable.
Better and more targeted services will be provided under the program to upgrade the nationwide initiative of business startup and innovation. More measures will be taken to support flexible employment and job creation in new forms of industries and the services sector to help more market entities survive and thrive.
Priority will be given to the employment of college graduates, veterans and laid-off workers. Vocational training will be intensified to better equip these groups for job seeking. And migrant workers will receive better services in landing jobs and starting their own businesses.
Local governments were urged at the July 4 meeting to earnestly fulfill their employment responsibilities as a top priority and pool efforts of all stakeholders to boost employment.
¡°No jobs means no wealth creation and possibly less social stability,¡± Premier Li said. ¡°All government departments must live up to their responsibility and make employment plans for the remainder of this year and next. No one should take this issue lightly.¡±
In his Government Work Report in March, Premier Li made it clear that the government will work to create over 11 million new urban jobs and keep the surveyed urban unemployment rate within 5.5 percent in 2018.
He stressed at the July 4 meeting that institutional transaction costs should be further reduced to cut labor costs and lighten corporate burdens, to enable them to hire more and boost economic growth.
¡°A multi-pronged approach will be adopted to push entrepreneurship and innovation across the country. Efforts will be made to expand the channels and opportunities for flexible employment, and priority groups, including college graduates, veterans and laid-off workers, will receive more employment guidance, training and support,¡± Premier Li said.
(July 05,2018)  from: english.gov.cn
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point.gif (302 bytes) China steps up efforts to promote trade
2018 marks the 40th anniversary of the start to China¡¯s reform and opening-up policy. China is stepping up its game in promoting trade this year as it marks the occasion.
40 years have passed since China extended open arms to international trade and investment and dedicated itself to creating a positive business environment for companies from around the world.
WANG TINGTING, GREATER CHINA VICE-PRESIDENT DECATHLON ¡°We can see that China still provides huge business opportunities for foreign investments. The market potential is still huge.¡±
China has been one of the most attractive markets for multinationals for four decades. Foreign firms now contribute 50 percent of all imports and exports, 25 percent of industrial output and 20 percent of China¡¯s tax revenues. This country has become the largest overseas market for many global fortune 500 companies.
RACHEL DUAN, PRESIDENT & CEO GE CHINA ¡°GE actually has been in China for 100 years. But obviously our fastest growth has been the last three decades. So we have been here since the very beginning of the China opening door policy and economic reform. We benefitted from it a lot.¡±
YANG CHENGXI SHANGHAI ¡°The first China International Import Expo will be held in Shanghai during the 40th anniversary year of China¡¯s reform and opening-up. The government sees the expo as one of its most important global events in 2018.¡±
Over one thousand firms from more than 120 countries say they will attend the November expo. Among them are nearly 100 global fortune 500 companies, including L¡¯Oreal, the world¡¯s largest cosmetics conglomerate.
JEAN-PAUL AGON, CHAIRMAN & CEO L¡¯OREAL ¡°L¡¯Oreal China is growing very fast. It¡¯s developing very well. We have been very successful, we have been here for 20 years.¡±
The Ministry of Commerce says China will import over $10 trillion worth of goods and services during the next five years. The ministry also says that the upcoming China International Import Expo will be a symbol of the vast potential in the Chinese market.
(July 05,2018)  from: english.gov.cn



point.gif (302 bytes) Premier Li envisions closer cooperation with CEE countries
SOFIA ¡ª Premier Li Keqiang on July 4 wrote a signed article entitled ¡°New Beginning, New Vision and New Journey¡± for mainstream Bulgarian newspapers, 24 Chasa and Standard, prior to his official visit to Bulgaria and the seventh Summit of Heads of Government of China and Central and Eastern European Countries (CEEC).
Premier Li began his article by expressing delight in visiting Bulgaria and attending the seventh China-CEEC Summit in Sofia. This is the first visit by a Chinese premier in 18 years, and the first stop of his first visit to Europe after the formation of the new Chinese government. The visit aims to inject new impetus to the growth of China-Bulgaria relations and China-CEEC (16+1) cooperation.
According to the article, China will enhance complementarity between the Belt and Road Initiative and Bulgaria¡¯s development strategy, and encourage more Chinese companies competitive in equipment and engineering to invest in Bulgaria and get actively involved in infrastructure projects tailored to local needs. The two sides will work together to promote balanced growth of bilateral trade, and provide greater convenience for mutual visits and tourism. They will also strengthen exchanges in culture and education, between the youth and at the sub-national levels, to keep the tree of friendship well-nourished and evergreen.
Premier Li pointed out that China and the CEE countries are at similar levels of development and are all committed to common development through closer cooperation based on complementarity. Both sides are in the process of economic transformation and upgrading. 16+1 cooperation is results-oriented and guided by the principles of mutual respect, equality and noninterference in internal affairs. Such cooperation has no political strings attached.
The two sides will pursue win-win outcomes and form greater synergy between their respective development strategies and needs by working out a medium-to-long-term plan of cooperation and promoting more balanced and sustainable growth of two-way trade and investment. They are committed to an open and inclusive 16+1 cooperation rather than making it a closed or exclusive club. They will continue to conduct cooperation within the framework of relevant EU laws and regulations and according to the principle of openness and transparency. China is ready to enhance communication with the EU and welcomes discussions on cooperation in third-party markets.
The Premier stressed that China remains a supporter of European integration and hopes to see a united, stable, open and prosperous EU and a strong euro. As an important part and useful complement to China-Europe relations, 16+1 cooperation will help narrow the development gaps within Europe, promote balanced development between the East and the West, and instill new vitality into the all-round cooperation between China and Europe.
(July 05,2018)  from: english.gov.cn
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point.gif (302 bytes) State Council releases white paper on China and WTO

The State Council Information Office has released a white paper on China and the World Trade Organization (WTO). The document is a summary of China¡¯s achievements, contributions and commitments to the WTO.
The ¡°China and the World Trade Organization¡± White Paper is divided into four parts. Each part focuses on an important aspect regarding China¡¯s 17-year contribution to the WTO.
China joined the WTO as its 143rd member on Dec 11, 2001. Since then, the country has conscientiously fulfilled its WTO commitments and brought benefits not only to the country¡¯s people, but also for the rest of the world, the White Paper said.
China has been consistently reforming in order to develop a socialist market economy and has rigorously improved its legal system.
According to the White Paper, the government modified more than 2,300 national laws and regulations to adapt to WTO commitments, while localities modified or canceled 190,000 related local laws and regulations, to improve policy transparency and ensure conformity with WTO rules.
¡°By 2010, China had fulfilled its tariff-cutting promises for WTO membership by cutting overall tariff levels from 15.3 percent to 9.8 percent by 2010.¡±
China has also honored its commitments on trade-in-services, by opening up its markets and slashing investment restrictions. China has also enhanced intellectual property right protection. It has set up IPR courts in Beijing, Shanghai and Guangzhou and special judicial organs at 15 intermediate courts.
China is a staunch supporter of the multilateral trading system and has taken concrete actions to uphold its integrity.
It has safeguarded the effective operation of the WTO dispute-settlement-mechanism and has properly handled trade disputes with other members. It has been actively participating in trade policy reviews. It has called upon the WTO to focus more on the concerns of developing member countries. China also stands firmly against unilateralism and protectionism.
China has embraced the world with open arms and has made significant contributions to the global economy since it joined the WTO.
Since 2002, China¡¯s contribution to global economic growth has approached 30 percent on average. It¡¯s a major trading partner of over 120 countries. The Belt and Road Initiative is China¡¯s latest move to share its economic development with the world.
China will hold the annual International Import Expo from Nov 5 to 10 this year in Shanghai and is seeking to buy more goods from the world and boost consumption. The expo will further increase access to China¡¯s burgeoning domestic market.
China will take measures this year to solicit more foreign investment, the White Paper said.
¡°The country will greatly relax market access, facilitate investment with better services and encourage foreign capital into more regions ¡­ the negative list approach to market entry, which states sectors and businesses that are off limits to foreign investment, will be expanded nationwide.¡±
Looking ahead, China is willing to work hand-in-hand with its trading partners to make globalization more open and inclusive, the White Paper said.
(June 29,2018)  from: english.gov.cn
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point.gif (302 bytes)Reform of government services to be directed by plan

To give more convenience to enterprises and citizens, the State Council approved a plan to boost Internet Plus administrative services, according to a circular released on June 22.
The move is expected to construct an online administrative service system that integrates data from different regions, government departments and application items, with which enterprises and citizens can obtain one-stop service by logging onto one website or visiting one service hall.
By the end of 2018, preliminary effects are set to be achieved, and successful experiences in advanced areas will be expanded nationwide.
By the end of 2019, the reform on application items in key fields and items frequently applied should be completed.
A national government service platform should be built to work as a hub providing access to the service platforms of all departments and regions nationwide. The data, as well as the real name authentication of people, are shared across these platforms, making it easier for people conducting business on different platforms.
Governments at different levels should improve and constantly update their data resources, and make them widely shared across different service platforms.
Except for special circumstances, all service items should be processed online following certain standards of the national public service platform.
Mobile applications are encouraged to provide the services.
For offline services, provinces, cities, counties and towns should build or improve their service halls, using data from online platforms to facilitate the process, allowing all application items to be conducted in just one place.
Application items that must be conducted offline should be clearly listed, with processes streamlined and unnecessary materials trimmed. Public services are supported to be available in lower level regions, to strive for ¡°one-stop services¡± for people.
The service platforms should also serve market regulation by monitoring and analyzing big data from the market.
Meanwhile, security on the service platforms will be enhanced to better protect privacy.
Regulations that are not accommodated for developing Internet Plus administrative services should be amended or abolished.
Public supervision is welcomed in public services. The State Council¡¯s and local governments¡¯ websites and service platforms at all levels should open hotlines for people¡¯s consultation or complaints.
(June26,2018) from: english.gov.cn

point.gif (302 bytes) State Council approves establishment of Chinese Farmers¡¯ Harvest Festival

The State Council has approved setting up the Chinese Farmers¡¯ Harvest Festival, in a reply to the Ministry of Agriculture and Rural Affairs.
It decided to make the annual Autumn Equinox, the 16th solar term of the year on the Chinese lunar calendar, as a day to celebrate the harvest, and authorized the ministry to work out details with other related departments.
(June22,2018)  from: english.gov.cn

point.gif (302 bytes) China to promote utilization of foreign investment

The State Council released on June 15 a circular on measures to effectively utilize foreign investment and promote high-quality development of the economy.
The steps include lowering market threshold, deepening administrative reform, promoting high-quality investment, creating a high-standard business environment, optimizing investment layout, and enhancing the role of national development zones, according to the circular.
To ease market access in a large scale, the nationwide practice of pre-establishment national treatment and negative list on foreign investment will be improved.
The special administrative measures on foreign investment nationwide and in free trade pilot zones, known as ¡°negative list¡±, will be revised and published before July 1, 2018, aiming to enhance opening-up in an all-around way.
The circular also stressed further opening-up in the financial sector, services sector and sectors such as agriculture, mining and manufacturing.
It called for efforts to ease restrictions on setting up foreign financial institutions, revise regulations related to Qualified Foreign Institutional Investors (QFII) and RMB Qualified Foreign Institutional Investors (RQFII), develop the market of crude oil futures, and attract overseas trader in iron ore futures trading.
The administrative reform will be deepened for foreign investment facilitation, according to the circular. Provincial-level governments will be entitled to review registration and modification of foreign-invested enterprises investing less than $1 billion in sectors included in the negative list.
Local governments were encouraged to carry out integrated approval procedures, and review enterprises¡¯ registration and filing in one platform.
Capital use of foreign-invested enterprises, foreign talents¡¯ work in China, and their exit and entry will be easier than before, according to the circular.
Efforts should be made to attract foreign investors with advanced technologies and management experience, support their participation in the construction of free trade port in Hainan province, and strengthen the leading role of pilot free trade zones in attracting foreign investment, the circular stated.
It also encouraged foreign-invested enterprises to reinforce R&D, put more capital in advanced technologies, and participate in merger and acquisition in China.
The circular also stressed measures to protect intellectual property right (IPR) and other rights, including lifting the upper limit of IPR infringement compensation, strictly cracking down on illegal activities such as business secrete invasion and trademark squatting, and prohibiting compulsory technology transfer.
For a better layout of foreign investment, it encouraged foreign-invested enterprises in western and northeastern regions to expand financing channels through issuing bonds, and urged cutting logistic costs through a full range of measures.
Also, the government will support the development of key border areas and the establishment of international cooperation zones in western regions which will play a leading and exploratory role in utilizing foreign capital.
(June20,2018)  from: english.gov.cn
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point.gif (302 bytes) China vows to boost imports for balanced trade, consumption upgrade
China will take a slew of incentives to further boost imports in order to drive domestic industrial upgrading and better meet the increasingly diversified consumption demands of people, the State Council decided at an executive meeting chaired by Premier Li Keqiang on June 13.
The measures are expected to advance China¡¯s win-win strategy of opening-up. Expanding imports while keeping exports stable will help raise the supply quality and upgrade consumption.
The Chinese government puts great emphasis on boosting imports. In his keynote speech at the Boao Forum for Asia Annual Conference in April, President Xi Jinping announced that China will expand imports and achieve greater balance in international payments under the current account, and will import more products that are competitive in light of market demand. Premier Li Keqiang stated in the Government Work Report in March that China will actively expand imports and lower import tariffs on goods such as automobiles and everyday consumer products, to promote industrial upgrading and more balanced development of trade and further diversify consumer choices.
China has made notable achievements in foreign trade since reform and opening-up. The country has been the world¡¯s largest exporter and second largest importer of goods for nine consecutive years, and is now the world¡¯s largest importer of energy resources.
¡°Expanding imports is crucial for upholding free trade. Priority should be given to meeting the needs of everyday life and boosting trade in services,¡± Premier Li said. ¡°Our deficit in services trade may be turned into a catalyst for upgrading the services sector.¡±
The June 13 meeting decided that more support will be given to importing daily consumer goods, medicine, as well as nursing and rehabilitation facilities, to meet the demand of consumption upgrading and improve supply quality. The government will also cut the import tax on some goods and reduce institutional procedures and unreasonable price increases, so that consumers can benefit from the import duty cuts.
Trade in emerging services will be boosted, and imports of producer services covering research and design, trade logistics, consulting services, energy conservation and environmental protection will be encouraged.
Policies on duty-free shops will be made more flexible, with more duty-free products introduced and shopping experiences improved. Imports of technological facilities needed for domestic industrial upgrading will be supported.
The meeting also called for optimizing customs clearance procedures and promoting the Authorized Economic Operator (AEO) mutual recognition with other countries to better facilitate imports. New approaches to importing trade were called for at the meeting, and cross-border e-commerce and border trade will be further developed. At the same time, a credit information system in foreign trade as well as enhanced intellectual property rights protection are needed so that foreign trade and foreign investment will complement one another.
¡°Our initiative of boosting imports demonstrates China¡¯s commitment to a new round of high-standard opening-up, to economic restructuring, and to economic transformation and high-quality development,¡± Premier Li said.
April¡¯s statistics from the General Administration of Customs show a good momentum in China¡¯s foreign trade in the first quarter of this year. Trade in goods totaled 6.75 trillion yuan, up 9.4 percent year-on-year, and trade surplus fell 21.8 percent. (June 14.2018) from: english.gov.cn
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point.gif (302 bytes) China sees improvement on IPR development

The comprehensive development level of intellectual property rights (IPR) in China has kept rising and the quality of patents is improving, said an official at the State Intellectual Property Office on June 12.
Han Xiucheng, director of the office¡¯s Intellectual Property Development Research Center, made the remarks at the launch of a report about China¡¯s IPR development in 2017.
The report shows that China has made progress in IPR creation, application, protection, management and service, and the gap with major IPR powers has narrowed. China¡¯s IPR development ranked 10th out of 40 countries in 2016, up from 19th in 2012.
In 2017, China¡¯s patent retention rate reached 60 percent, up 3.9 percentage points from a year earlier, and the average duration of invention patents reached 6.2 years, the report said. Though the quality of China¡¯s patents has improved, it still lags far behind increases in quantity and efficiency.
Han also said China would step up IPR protection by raising legislative standards, improving law enforcement, and promoting innovation in the trial of IPR cases, in order to impose tougher punishment on the infringement of IPR.
¡°The improvement of the IPR system, steady increase in the number of service organizations and personnel, as well as fast growing of public awareness has made the IPR environment in China much better,¡± Han said. (June13,2018)
from:  english.gov.cn

point.gif (302 bytes) China to improve quality of domestic dairy and milk products

T
o further revive the milk industry and improve the quality of domestic dairy products, the State Council has released a circular to guide the industry¡¯s development.
It expects the industry to increase its own production capacity through technological innovation, system reform in management and cost reduction while increasing efficiency. Development of the industry should also be coordinated with ecological development.
By 2020, progress should be made in building a modernized milk industry, with more than 99 percent of the products qualifying and re-use rate of the waste in cattle raising reaching more than 75 percent. The whole milk industry should be revitalized by 2025, with milk source bases, product processing, quality and industry competitiveness reaching the world¡¯s top levels.
To improve milk source bases, the government urges efforts to consolidate the current bases in the north, while expanding new areas in the south. It calls for developing standardized cattle breeding methods, improving the quality of milk cows through big data and online evaluation platforms, and producing high-quality fodder for the cows.
According to the circular, the State Council encourages the integration of dairy enterprises, promotion companies and e-commerce retailers, in order to lower costs while enhancing efficiency to increase the competitiveness of dairy enterprises.
Regulations and rules on dairy products will also be improved, with strengthened supervision through the whole production process of dairy products.
More strict measures will be taken to ensure the quality of formula milk powder for infants, and illegal actions such as mixing inedible ingredients and overuse of food additives will be strictly banned.
It clearly forbids importing milk powder in bulk and splitting them before sales, while encouraging companies to set up their own milk bases to improve the quality for infants.
Dairy enterprises should also make efforts to improve their image through activities such as inviting visitors to the farms, publicizing the production process to inspire market consumption.
The government will provide policy support in breeding and product processing, and help strengthen coordination among different regions and departments, according to the release. (June 13,2018)  
from:  english.gov.cn

point.gif (302 bytes) Chinese businesses see technology investment as the way to hedge against risks

Chinese businesses see technology investment as the way to hedge against current trade and policy risks ¡ª that was the consensus from CEOs attending the recent annual China Enterprises Summit in Jiangyin city, East China¡¯s Jiangsu province.
The pulse of the real economy is humming. Profits are picking up pace thanks to faster production and supply side reforms, but the corporate sector is not being complacent.
Huaxi village, known as China¡¯s No. 1 village, which used to be heavily steel-dependent, has shut down nine plants in the past few years and is investing in display technology, financial services. Wu Xie¡¯en, the Party chief of Huaxi, said that they ¡°started reforms on HR (and) organization structure to revitalize the company.¡±
Chinese retail giant Gome is also trying to make improvements. Its board member Huang Xiuhong, who is also the chairwoman of Eagle Holdings, said that they want Gome to go beyond appliance retail to build a smart homes ecosystem. She continued that sales are expected to grow 50-70 percent this year, since ¡°our mobile platforms are going to get smarter and offer fuller services.¡±
Far East Holdings Group is an example, as well. The company last year invested in a $1.8 billion joint venture with Detroit Electric to produce electric cars. The company will be rolling out more models internationally, according to its Chairman Jiang Xipei.
On the hot button China-US trade issue, CEOs were in wait-and-see mode. ¡°We¡¯d be more cautious about overseas expansion. There are many policy developments we don¡¯t understand. I think the Chinese market is big enough,¡± Huang noted. Jiang hold the similar opinion and said, ¡°We¡¯d be more cautious about US investments in the future, because we want to make sure the macro environment is positive for our business.¡±
The CEOs not only discussed the challenges, tighter financing conditions, stricter environment rules and trade uncertainties, but they are also finding the opportunities from new energy, seeking new partners, freer trade.
The one thing they all have in common is the thirst for technology talent. ¡°The hard thing is getting talent in high tech, new technologies, right now almost all companies want to get into tech, it takes considerable time to build up the talent pool and reward them,¡± Huang told CGTN.
¡°I think getting talent is not just about money, we need to give them acceptance, to back them up when they¡¯re being misunderstood or run into difficulties,¡± Wu mentioned.
¡°My biggest concern is talent. We used to lack technology, capital, management experience, now we hope the real economy can attract more top graduates from all disciplines,¡± Jiang Deyi, chairman of BBMG Corporation stressed on talent, too.
Unlike past years when the ¡°real economy¡± sounded staid compared to financial expansion, property speculation and overseas spending sprees, the 2018 mood is ¡°back to basics¡± ¡ª a strategy that should help corporate China ride out the current policy turbulence.(June12,2018)
from:  english.gov.cn

point.gif (302 bytes) The development of China¡¯s digital economy

China¡¯s Cyberspace Administration takes a look at the country¡¯s booming Information Technology (IT) sectors in a fresh report. The report on the development of China¡¯s digital economy shows that the area has expanded rapidly in past years.
In 2017, China¡¯s digital economy had a total output of 27 trillion yuan ($4.2 trillion), up more than 20 percent from the previous year. That made up almost one third of China¡¯s GDP. Analysts say the application of IT is an important driver in China¡¯s economic upgrading.
The development of digital economy was thanks to the hardware resources.
In 2017, China produced 97 million smart televisions, up about 4 percent from 2016. In addition, Chinese manufacturers assembled 130 thousand industrial robots, up 81 percent from 2016. Also last year, China produced 2.9 million civilian drones, with a 67 percent increase.
As a result, China¡¯s ever pervasive mobile payment sector processed transactions exceeding 200 trillion yuan ($31.2 trillion).
Big data is an emerging segment in the IT sector. And it¡¯s viewed by many industrial players as a strategic area and potential source of growth.
The total output of the sector amounted to 23 billion yuan ($3.6 billion) last year. Although that is still a small number, the sector¡¯s growth has been fast. China Academy of Information and Communications Technology estimates that the sector¡¯s output will reach 33 billion yuan ($5.2 billion) in 2018. 
(May 30,2018)  from:  english.gov.cn
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point.gif (302 bytes) Premier Li urges economic upgrade for high-quality development
Premier Li Keqiang urged upgrading the economy, promoting high-quality development and improving people¡¯s lives at a State Council plenary meeting he chaired on May 25.
The Premier said China¡¯s development faces both precious opportunities and challenges hard to foresee, as the international political and economic landscape is being reshaped.
He said the reforms of streamlining administration, delegating power and improving service should be continued to stimulate the market, in addition to easing market access and cutting taxes and administrative fees. The market should play a decisive role in resource allocation while the government should play a better role, he said.

Efforts should be made to strengthen market supervision to create an environment for fair competition, while cutting repetitive supervision and red tape and reducing the discretionary powers of the government, he noted.
A unified online administrative service platform should be built to facilitate people¡¯s lives and businesses. Opening-up should be expanded, so that domestic and foreign companies can compete fairly in China¡¯s vast market, he added.
The Premier stressed the need to transform economic structure, nurture new growth drivers and upgrade traditional drivers to promote industries to the middle- and high-end.
He urged more efforts in basic research and key technologies, encouraging entrepreneurship and innovation, and promoting new technologies and new industries through inclusive and prudent supervision.
It is important to eliminate backward capacity and develop environmentally friendly industries in order to achieve a win-win situation between ecological protection and economic development, he said.

Premier Li asked related departments to stick to people-oriented development concepts, with priorities on securing people¡¯s basic livelihoods. Guarantee mechanisms should be constantly improved in poverty alleviation, employment, compulsory education, basic healthcare, basic pension insurance and basic living allowances, among which more efforts should be put on targeted anti-poverty measures, distribution of pensions in full amounts and on time, as well as increasing reimbursement ratios and coverage for major illness insurance. In addition, more nonbasic public services will be provided to meet the diversified demands of society.
He also stressed risk prevention and emergency management in finance, urban governance, safe production, pollution control, natural disasters and major challenges from international society, so as to secure steady economic and social development.
(May 29,2018)  from:  english.gov.cn
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point.gif (302 bytes) China issues guidelines to strengthen scientific integrity

BEIJING ¡ª China issued guidelines on May 30 to strengthen scientific integrity, encourage innovation and scale heights in science and technology, to lay a solid social and cultural foundation for building the country into a world scientific power.
A scientific integrity mechanism will be built to encourage innovation and tolerate trials and errors while maintaining zero tolerance for severe academic dishonesty, and anyone who violates the integrity rules will be held accountable by law, according to a document released by the General Office of the Communist Party of China (CPC) Central Committee and the General Office of the State Council.
China¡¯s Ministry of Science and Technology (MOST) and the Chinese Academy of Social Sciences (CASS) will take the leading responsibility in coordinating and managing the work of scientific integrity in the fields of science and social sciences respectively.
According to the guidelines, MOST and CASS plan to build an integrity information system to record and assess conduct of scientists and scientific institutions across the country.
The guidelines strictly prohibit practices such as plagiarism, fabrication of data and research conclusions, ghost-writing, and peer review manipulation.
The guidelines say great efforts will be made to reform the scientific research evaluation system, making scientific integrity an important indicator in various evaluations.
Papers, patents, titles, projects, and honors should not be taken as the restricting qualifications for evaluation, according to the guidelines.
MOST also plans to build a journal warning mechanism to put any domestic or international academic journals that ignores academic quality while seeking high payments onto a blacklist, and papers published in such journals will not be recognized in any kind of assessment.
The guidelines say intermediary service agencies which engaged in illegal activities such as buying and selling scientific papers, ghost writing, and forging, fabrication, and distorting research data, will be punished severely.
Those who are found to have committed academic misconduct will be banned from teaching or doing any kind of research work in government-run schools and scientific institutions. Their research grants will be canceled and honors revoked, according to the guidelines.
The guidelines encourage Chinese researchers to conduct exchanges and cooperation with relevant countries and international organizations, strengthen study on scientific integrity, jointly improve international norms of scientific research, and positively cope with transnational cases regarding scientific integrity, the guidelines say. (May25,2018)
 from:  english.gov.cn
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point.gif (302 bytes) Premier urges cutting logistics costs, improve efficiency
At the State Council executive meeting on May 16, Premier Li Keqiang pledged to cut costs in the logistics industry and improve its efficiency.
He said the government has taken effective measures in recent years to cut logistics costs. Data show that in 2017, social logistics costs accounted for 14.6 percent of GDP, down by 3.4 percent from 2012, falling five years in a row.
¡°There is still room for reform,¡± the Premier said. ¡°During my local visits, I found that the number of permits for passenger vehicles is still too high.¡±
Measures were issued at the meeting. From May 1, 2018, to Dec 31, 2019, the land use tax for warehouses of logistics enterprises will be cut by 50 percent. The vehicle purchase tax for trailers will be cut, also by a half, from July 1, 2018, to June 30, 2021.
The annual verification, examination and exhaust gas inspection for trucks will be consolidated. Getting permits for them will be simplified. The certificate for trucks under 4.5 metric tons will be canceled.
The government will also try to cancel toll stations at provincial boundaries on highways and simplify procedures for logistics enterprises to set up branches.
Earlier this year, a policy was issued to adjust the value-added tax, which resulted in the reduction of railway freight. With these measures taken this year, logistics costs are expected to be cut by over 12 billion yuan.
¡°Besides cutting transportation costs, we should also develop a combined transport by highway, railway and waterway to improve logistics efficiency,¡± the Premier said.
At the meeting, he urged further streamlining administration, delegating power and cutting taxes and institutional trade costs.
(May 22,2018)  from:  english.gov.cn

point.gif (302 bytes) China will further cut red tape to spur foreign investment

China will further simplify procedures for setting up foreign-invested enterprises to promote high-standard facilitation of free trade and investment, the State Council decided at an executive meeting chaired by Premier Li Keqiang on May 16.
It was decided at the meeting that a single form and one-stop services will be introduced for the business filing and registration of foreign-invested enterprises. The whole process will be conducted online and free of charge, without the need for paperwork or appearance in person. This practice, which will take effect from June 30, is expected to significantly shorten the time required for FIE-related business procedures.
Real-time sharing and coordinated management of FIE-related information will be promoted among banking, customs, taxation and foreign exchange authorities. Government inspections will also be strengthened to ensure that measures are implemented in full.
In the Government Work Report this year, Premier Li said that procedures for setting up foreign-invested enterprises will be simplified, and business filing and registration will be processed together.
The Premier said at the meeting that consolidating the filing and registration procedures for FIEs is a matter of high priority. He called for all government departments concerned to fully collaborate and coordinate with each other in this process to make things easier for FIEs.
Statistics from the Ministry of Commerce show that over 35,600 foreign-invested enterprises were set up in 2017, up 27.8 percent year-on-year. And foreign investment rose 7.9 percent over 2016, hitting a record high of 877.5 billion yuan.
Concrete measures were also adopted at the meeting to establish a uniform e-platform for accessing government services and see that things requiring a personal appearance will get done in one place, without the need for a second trip.
It was decided at the meeting that an e-platform for accessing interconnected government services at the national, provincial and city levels will be established. All government service items will be put on this platform unless the laws otherwise stipulate or for confidentiality reasons. The government will stay committed to a unified e-platform for all government services by connecting the separate networks, with few exceptions allowed for separate networks or offline government services. In principle, no individual department will be allowed to set up an independent information system.
Standardized procedures will be laid out, and a list of the items requiring appearance in person will be released, under which single-window services will be provided to save applicants the need for a second trip.
¡°Government services are to serve the public, and hence must be universally accessible. Current technologies have made it possible to have many things done online,¡± Premier Li said.
¡°What¡¯s important is to introduce a unified e-platform for all government services by connecting the separate networks. This should especially be the case for the portal websites of central government departments.¡±
It was also decided at the meeting that procedures for accessing government services will be further simplified. There will be no repeated requirement for materials that can be shared and reused. Related mechanisms will be amended promptly in this respect. Electronic licenses will be more widely introduced, and their reciprocal recognition will be further promoted.
A uniform platform for data sharing and exchange will be established. Agencies that fail to connect to government information systems at different levels will lose their eligibility for applying for new projects or funding for technical maintenance.
At least 90 percent of the service items offered by provincial-level authorities and 70 percent by city and county-level authorities will be made accessible online before the end of 2019.
The Premier stressed that standardization is the way to go in applying the ¡°Internet Plus government services¡± model. The regulatory authorities for cyber affairs should step up supervision and oversight.
¡°Information security should always be a high priority. Efforts must be stepped up to establish the corporate and individual credit systems and a unified and open government services system,¡± he said.
(May 17,2018) from:  english.gov.cn
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point.gif (302 bytes) Results released for spot check on govt websites
Results for a spot check on government websites in the first quarter have been revealed, according to a notice issued by the State Council on May 16.
The State Council General Office checked 303 websites, 95 percent of which met quality standards. Regional governments and State Council departments checked 11,639 websites under their respective administrations, with a pass percentage of 95 also.
In the first quarter, 272 officials were held accountable for websites which failed to pass the check.
Problems in those unqualified websites included ineffective management, inconvenient online service, restricted access for exchange with users, and nonstandard domain names and logos.
The notice urged regional governments and departments to resolve the problems unveiled in this check, enhance online service, streamline access for the public to submit questions and suggestions, and protect website security.
As of March 1, 2018, the num ber of government websites in operation in China was 23,269, according to the notice.
(May 16,2018)  from:  english.gov.cn
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point.gif (302 bytes) China joins ASEAN countries¡¯ chorus for free trade
JAKARTA ¡ª Premier Li Keqiang on May 7 pledged to jointly promote trade and investment liberalization and facilitation with the Association of Southeast Asian Nations (ASEAN), so as to inject positive energy into the world economy.
He made the remarks while addressing a celebration ceremony of the 15th anniversary of the China-ASEAN strategic partnership at the ASEAN Secretariat in Jakarta, capital of Indonesia.
At the 32nd ASEAN Summit and related meetings held in Singapore in late April, leaders of ASEAN countries agreed to work toward an early conclusion this year of the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement (FTA) scheme of the 10 ASEAN member states and its FTA partners, namely China, Australia, India, Japan, the Republic of Korea and New Zealand.
In his speech, the Premier also called for substantive breakthroughs made in the negotiations on the RCEP.
China and ASEAN countries are all beneficiaries of free trade, Premier Li said, adding that it is in line with their common interest to safeguard multilateralism and the international trading system.
China is ready to work with ASEAN countries to promote the early completion of the RCEP, build the East Asian economic community and promote trade and investment liberalization and facilitation, so as to inject positive energy into the world economy, he said.
He said the importance of cooperation between China and ASEAN has gone beyond the bilateral scope and has increasingly become the support and engine for maintaining regional peace and stability as well as promoting regional common prosperity.
China has always put ASEAN as a priority for its foreign policy with neighboring countries and stood for friendly cooperation with ASEAN, said the Premier.
He said China supports the establishment of the ASEAN community, supports ASEAN¡¯s central position in regional cooperation and supports it to play a bigger role in building an open and inclusive regional framework.

This year marks the 40th anniversary of China¡¯s reform and opening-up, and the ASEAN also ushered in its second 50-year period, said Premier Li.
Last month, President Xi Jinping proposed new initiatives for furthering opening-up at this year¡¯s Boao Forum for Asia annual conference.
Premier Li said China¡¯s development would bring new and greater opportunities to all countries in the world including ASEAN.
China is ready to work with ASEAN to build a closer community with shared destiny and jointly write a new chapter in their cooperation, said the Premier.
In his welcome remarks, Secretary-General of ASEAN Lim Jock Hoi thanked Premier Li for his visit to the ASEAN Secretariat and his attendance at the Launching Ceremony of the 15th Anniversary of China-ASEAN Strategic Partnership.
China has always been an important partner of ASEAN, he said, noting that China¡¯s support has strongly promoted the integration of ASEAN, helped ASEAN narrow its internal development gap and deepened the friendship between the people of the two sides.
ASEAN is willing to work with China to strengthen economic and trade cooperation, especially in such areas of innovation and digital economy, so as to achieve common prosperity and mutual benefit, said Lim.
Congratulating China on its tremendous achievements in reform and opening-up, Lim said he appreciated China¡¯s commitment to an open and rules-based multilateral trade system.
He said he believed that China¡¯s broad prospects for development will not only benefit the Chinese people but will also improve the well-being of all people in the region.
Premier Li launched the ceremony together with Lim and Tan Hung Seng, the permanent representative of Singapore to ASEAN. More than 200 participants attended the ceremony.
The Premier arrived in Jakarta on May 6 for an official visit to Indonesia, the first stop on his first overseas trip since the new cabinet took office in March.
(May 8,2018)  from:  english.gov.cn
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point.gif (302 bytes) China makes greater efforts to improve business environment

China will further improve its business environment by halving the time required to open a business and start construction projects, the State Council decided at an executive meeting chaired by Premier Li Keqiang on May 2.
According to a decision at the meeting, the length of time required to start a business in municipalities, sub-provincial cities and provincial capitals will be reduced from an average of more than 20 workdays to 8.5 by the end of the year. This measure will also be introduced in five leading cities, Dalian, Qingdao, Ningbo, Xiamen and Shenzhen, with other areas also set to see positive progress, to be followed by national implementation in the first half of next year.
Measures to halve the time required for government approval of construction projects from the current average level of more than 200 workdays to 120 will be piloted in 15 cities, including Beijing, Shanghai and Tianjin, and in Zhejiang province, this year, whereby all government review items and approval procedures concerning home building and urban infrastructure will be simplified, optimized and standardized. This pilot program will be rolled out nationwide in the first half of next year.
President Xi Jinping emphasized that we must do away with regulations and practices that impede the development of a unified market and fair competition, stimulate the vitality of all market entities and adopt policies to promote high-standard liberalization and facilitation of trade and investment.
Premier Li said that a good business environment is part and parcel of enhancing competitiveness and productivity. ¡°In spurring economic growth, our focus needs to shift from investing in projects to improving the business environment. The key is to press ahead with the reform of government functions,¡± he said.
An estimate by the World Bank moved China up 65 spots between 2013 and 2017 in the ranking of ease of starting a business, and the length of time required was shortened from 33 days to 22.9.
According to a decision at the meeting, the procedures that a new firm needs to go through to become initially operational will be further streamlined. The whole business registration process will be conducted online. Government approval of business names before registration will no longer be needed unless specifically required.
The record-filing procedure for official seals will be included in the reform to integrate different certification requirements for business registration. Applicants may also choose their own providers for official seals.
No separate tax registration will be required, and no separate social insurance registration certificate issued for companies that have obtained business licenses with unified social credit codes. The amount of time needed for invoice application and social insurance registration will also be reduced.
¡°An enabling business environment that unlocks market vitality is crucial to achieving sustained, high-quality development in China. The biggest potential for our development lies in the vast domestic market and the creativity of all market entities,¡± Premier Li said.
¡°Reducing government-imposed transaction costs will be the priority of the reform of government functions going forward, and there is still a great deal that can be done in this respect. The government must continue to make determined efforts to cut red tape, enhance compliance oversight and provide better services,¡± he said.
To slash the review time for construction projects, the following measures were decided at the meeting:
First, the number of items subject to government approval will be further simplified. The record-filing requirement for construction contracts and building efficiency design review will be eliminated, and designs for fire control and civil air defense will be incorporated into the construction plan documents for review.
The review and approval of a project will no longer be conditional on environmental impact and energy efficiency, which will instead be subject to general assessment by the government.
Second, category-specific management will be introduced. The approval procedures for privately invested small and medium-sized construction projects will be simplified. No government approval will be required for the design plans of land-use right transfer projects with existing development plans. For privately invested home building projects, the project proprietors may decide how to award their own contracts.
Third, procedures will be streamlined. An interagency approach with a clear time frame will be adopted for simultaneous site inspection, mapping, surveying and drawing inspections by competent authorities in planning, natural resources and urban utilities. So in the future, the government will formulate one single checklist laying out all construction requirements, one single system for approval and inspection services, one single window for multiagency services, one single form for application materials and one single mechanism for rules-based approval.
¡°The rebound in private investment this year has been encouraging, yet lengthy reviews for construction projects will drive up corporate costs,¡± Premier Li said.
¡°Reform must be pushed forward by breaking down the departmental barriers of vested interests. We will advance these reform measures step by step and keep in mind the realities on the ground, and work to roll them out nationwide next year.¡±
(May 4,2018)   from:  english.gov.cn
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point.gif (302 bytes) China will roll out fresh tax cuts to aid small businesses
China will make further tax cuts worth over 60 billion yuan ($9.4 billion) to drive innovation and entrepreneurship and boost the development of small and micro businesses, a State Council executive meeting presided over by Premier Li Keqiang decided on April 25.
The move aims to reduce the cost for innovation and entrepreneurship, energize small and micro businesses and spur job creation.
As part of the efforts to implement blueprints set out by the Central Economic Work Conference and the Government Work Report, the annual taxable income threshold of small and micro businesses eligible for halved income tax will be raised from 500,000 to 1 million yuan. The per unit value of newly-purchased R&D instruments and equipment eligible for one-time tax deduction will be raised from 1 million to 5 million yuan. These two measures will be effective from Jan 1, 2018 to Dec 31, 2020.
President Xi Jinping has stressed that the country needs to encourage more entities to make innovations and start businesses and support the innovations by small and medium-sized enterprises.
¡°We must work hard to cut the cost of the real economy, bring out the vitality of all market entities by lifting the discriminatory restrictions and hidden barriers in taxation and other respects, and see that all the policy incentives for SMEs and micro businesses are fully delivered,¡± Xi said.
In his Government Work Report delivered in March this year, Premier Li said that the government will further lighten the corporate tax burden. Far greater numbers of small, low-profit businesses will see their income tax halved and the ceilings on deductible business purchases of instruments and equipment will be significantly raised. The pilot preferential tax policies for venture capital investment and angel investment will be extended nationwide, he said.
According to a decision made at the meeting, the tax incentive enjoyed by venture capital firms and angel investors that sees 70 percent of their investment deducted from the taxable income of the seed and early stage high-tech startups they finance will be extended nationwide. The policy has been piloted in the country¡¯s eight innovation and reform experimental zones, including the Beijing-Tianjin-Hebei area, Shanghai and Guangdong, as well as in the Suzhou Industrial Park. Such tax cuts will be implemented from Jan 1 for corporate income tax and from July 1 for personal income tax this year.
The meeting also decided to abolish the preclusion of the expenses of commissioned overseas R&D from additional tax deduction. The time limit for the capital loss carryover of high-tech firms and technological SMEs will be extended from 5 to 10 years, pending approval by the Standing Committee of the National People¡¯s Congress. All enterprises shall see the tax deduction for their employee training costs raised to 8 percent, the same rate as high-tech companies enjoy, from the current 2.5 percent. These three measures are effective from Jan 1 this year.
Premier Li said that while this round of tax cuts is targeted at small and micro businesses to spur innovation, the whole economy stands to benefit. Though being the biggest job providers, small and micro businesses have long had difficulty in accessing affordable financing. Supporting their development is critical to ensuring employment.
The meeting also adopted measures of stamp duty relief for books of account starting from May 1.
All the above mentioned measures are expected to reduce the corporate tax burden by over 60 billion yuan. The move follows a 400 billion yuan tax cut package for 2018, which was decided at a State Council executive meeting on March 28.
Premier Li stressed that while the well-established firms receive due attention, greater support must be extended to all growth enterprises, including SMEs and micro businesses.
¡°Tax cuts and fiscal input are like the two sides of a coin. Both can catalyze innovation,¡± he said.
The Premier once again called for full implementation of the above policies to deliver concrete benefits to all businesses concerned.
(April 27,2018)   from:  english.gov.cn

point.gif (302 bytes) First Digital China Summit kicks off in E China

The First Digital China Summit opened in Fuzhou, capital of East China¡¯s Fujian province, on the morning of April 22, during which 293 exhibitors will display the latest digital economy achievements.
With the theme ¡°Facilitating information-driven development and a digitalized China,¡± the three -day summit will display the latest achievements in e-government and digital economy, such as face recognition and voice recognition technologies.
The summit has a main forum and several sub-forums, covering topics such as e-government, digital economy, smart society, new smart cities, big data, digital Fujian, digital Maritime Silk Road and the internet of things. (April 24,2018)   from:  english.gov.cn

point.gif (302 bytes) Charges,food among key issues raised

Administrative charges suspended
Some administrative fees, including those for first identification cards, will be suspended or abolished, said a joint notice by the Ministry of Finance and the National Development and Reform Commission.
The notice said citizens, from April 1, would not be charged for their first ID card. From Jan 1 this year to Dec 31, 2020, institutional supervision fees for securities and futures were suspended, it said.
Crackdown on private equity fraud
The China Securities Regulatory Commission has cracked down on 10 cases of illegal activity in private equities, including eight cases that will be subject to administrative penalties, the commission said on April 20.
The cases were related to illegal operations, transfers of benefits, market manipulation and rat trading (using personal accounts to purchase shares and then selling them when the fund buys them), the commission said.
Governmental fund system change
To reduce costs for the public and support the real economy, the Ministry of Finance recently released a notice to lower the threshold for some governmental funds.
Starting this month, the employment guarantee, where companies pay a levy to safeguard incomes for disabled employees, will be lowered to twice the local average income, from the previous thrice. Starting on July 1, another 25 percent will be cut from funds collected for the nation¡¯s major water resource projects. The funds were previously reduced by 25 percent.
Food sold near schools targeted
A crackdown was launched to tackle substandard food sold near school campuses, said a recent notice by the State Administration for Market Regulation.
The notice required that all food sold around campus must meet safety standards and cannot be additive-laden. All food workshops without licenses must be closed and any food found below standard will be removed from shelves, retrieved and destroyed to avoid potential danger, it added.
New channel to buy train tickets
A new service hotline 12328 was introduced recently to make it easier to get train tickets.
The public can also use the hotline¡¯s official WeChat account to buy tickets online. So far, 337 cities around the country have opened the hotline with functions such as complaints and consultation for the transport sector.
Tax relief on cash for scientists
Income tax will be lowered for scientists when they get cash incentives from technological transfers, according to a State Council executive meeting on April 18.
Only half of the cash incentives will be subject to income tax when scientists and technicians in nonprofit research institute and universities are rewarded in the first three years after their research or patents earned their institutions profits, according to a statement released after the meeting, which was presided over by Premier Li Keqiang.
(April 24,2018)   from:  english.gov.cn

point.gif (302 bytes) China aims for mature free trade port system in Hainan by 2035
BEIJING ¡ª China is aiming to make the free trade port system and operational mode of Hainan ¡°more mature¡± by 2035, according to a document unveiled on April 14.
A free trade port system will be ¡°basically established¡± in Hainan by 2025, according to the guidelines on supporting Hainan¡¯s efforts to deepen reform and opening up jointly released by the Central Committee of the Communist Party of China (CPC) and the State Council.
China will also set up an investment fund to support Hainan¡¯s development of a free trade port.
A free trade port is the world¡¯s most open form of economic zone, which has brought prosperity to places like Singapore and Hong Kong thanks to its broad-based preferential policies on trade and investment.
President Xi Jinping on April 13 announced a decision by the CPC Central Committee to support building Hainan into a pilot free trade zone and gradually and steadily into a free trade port with Chinese characteristics.
China welcomes investors worldwide to invest and start business in Hainan and participate in the building of a free trade port there, Xi said at a celebration marking the 30th anniversary of the establishment of Hainan province and the Hainan Special Economic Zone.
China will support the ¡°all-round participation¡± of foreign firms in the development of the Hainan free trade port, and multinational companies are encouraged to set up international and regional headquarters there, according to the document. (April 17,2018)   from:  english.gov.cn

point.gif (302 bytes) China steps toward intelligent manufacturing

Under the theme ¡°An Open and Innovative Asia for a World of Greater Prosperity¡±, the Boao Forum 2018 opens this weekend in South China¡¯s tropical Hainan province. In recent years, Chinese companies have been shifting toward innovation and exporting high-quality products that meet the rigorous standards and expectations of global consumers. The development of artificial intelligence (AI) and robots signals a dramatic change in the manufacturing sector.
Athletes weren¡¯t the only attraction at the 2018 Winter Olympics, 24 robots danced to the rhythm during China¡¯s eight-minute show at the closing ceremony, causing a sensation in the world of robotics. Head of the design crew, Zhang Lei, once thought his brief was mission impossible.
¡°The organizing committee and my team were completely stunned when the director of the eight-minute show revealed the maneuvers he wanted the robots to perform. We had only two to three months to prepare everything from scratch,¡± said Zhang Lei, the head of the design crew from Siasun Robot & Automation Co Ltd.
The eight minutes in Pyeongchang showcased how much China¡¯s intelligent manufacturing has progressed in recent years. In Northeast China¡¯s Shenyang, a city that boasts the country¡¯s largest robot production base, more of its products are being deployed to the service sector. While these robots are mainly having a positive impact, in the reception of one local electricity center, the manager points out some areas where there¡¯s still room for improvement.
¡°Sometimes, the robot gets confused in noisy surroundings. It can mix up the orders of different people. Other than that, it is doing well, considering the service requirements and the amount of information it provides to the customers,¡± Ju Shibo told CGTN.
How do you determine how advanced a country is when it comes to robotics?
One measure is ¡°robot density,¡± which shows the number of robots per 10,000 workers. Robots are at the core of the government¡¯s sweeping ¡°Made in China 2025¡± plan to upgrade factories and make them highly automated. The country wants to reach a robot density of 150 units by 2020.
The increase in robot density in China is the most dynamic in the world, particularly between 2013 and 2016. The density rate rose from 25 units in 2013 to 68 units in 2016. Beijing intends to forge ahead and get China into the world¡¯s top ten automated nations in just two years.
¡°It¡¯s a realistic target, as labor costs are rising in China, pushing up the cost of manufacturing. Also, production techniques for robots continue to improve, which in turn makes the robots more cost-effective,¡± said Wang Kecheng, a manager of the company.
The ¡°Made in China 2025¡± plan aims to move the country¡¯s manufacturing sector up the value chain, but some argue the level of automation required is several steps ahead of China¡¯s current level. If domestic robot manufacturers hope to fill the gap, they will no doubt face fierce global competition. 
(April 12,2018)     from:  english.gov.cn

point.gif (302 bytes) Hainan given green light for medical tourism
The State Council decided to suspend implementation of item 2, article 11 of Regulations for the Supervision and Administration of Medical Devices in the Hainan Boao Lecheng International Medical Tourism Pilot Zone, as a move to support Hainan¡¯s international medical tourism industries.
According to the decision, if there is an urgent need in the pilot zone for certain medical devices not legitimately available in China, the Hainan provincial government can authorize the imports but those devices must be used in designated hospitals.
The State Council urges the State Drug Administration, Hainan provincial government and other relative departments to stipulate specific regulations on approval conditions and processes for importing medical devices.
(April 10,2018)     from:  english.gov.cn

point.gif (302 bytes) State Council releases regulation on scientific data management
On April 2, the State Council issued a regulation on the management of scientific data involved in natural science, engineering and technology, and other science fields.

According to the regulation, research institutions and scientific data producers should collect scientific data and build a database and data quality control system based on relevant standards.

Central and local authorities should establish rules and regulations while implementing national scientific data policies. Scientific data centers should be set up by qualified institutions and supervised by authorities, and will be responsible for the collection, classification, processing and analysis of data.

If data produced in government-funded research are used to write papers and for publication in foreign academic journals, they should be reported to related scientific data centers before being published.

The data produced in the research projects funded by private capital, if involving state secrets, national security and the public interest, also should be reported.

Data produced through government funding should be open to the public, except that which involves state secrets, national security, the public interest, commercial secrets and individual privacy.

Users of scientific data must abide by regulations on intellectual property rights and give credit to the producers of the data.

Authorities and research institutions should strengthen full life circle security management on scientific data, such as the authorization and authentication for downloading data. (April 3,2018) from:english.gov.cn
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point.gif (302 bytes) China¡¯s new tax cuts to benefit real economy

BEIJING ¡ª China¡¯s new value-added tax (VAT) reform measures are expected to reduce the burden on a range of sectors in the real economy, analysts said.

China will cut VAT rates as part of a tax reduction package amounting to 400 billion yuan (about $63.6 billion) this year, according to a decision made at a State Council executive meeting on March 28.

Starting from May 1, the tax rate will be lowered from 17 percent to 16 percent for manufacturing and some other industries, and from 11 percent to 10 percent for transportation, construction, basic telecommunication services, and farm produce.

While it will be only a one percentage point cut in each tax bracket, the reduction will impact a wide range of sectors in the real economy, according to Li Xuhong, a researcher with Beijing National Accounting Institute, a government think tank.

It was estimated that the reduction of taxes from lower VAT rates could reach 240 billion yuan. Li said the estimate was rather conservative, as tax reduction in the manufacturing sector alone could reach that amount.

VAT tax cuts in the transportation industry will lower the logistics costs for the real economy, Li said.

Investment bank China International Capital Corporation (CICC) estimated that firms in the two tax brackets will see their VAT tax burden decline by 6 percent and 9 percent, respectively.

¡°We believe that lower VAT rates will help reduce the prices of products and services in a number of competitive sectors, benefiting households and other sectors,¡± CICC said in a research note.

In addition to the VAT rates cut, the reform also offers tax incentives for some high-tech companies, a measure that analysts said is aimed at supporting innovation-driven growth.

Eligible enterprises in advanced manufacturing, modern services, and electric utilities will receive a lump-sum refund for their input VAT payments yet to be deducted.

The measure will have a ¡°far-reaching impact,¡± said Li, as it could free capital previously frozen on companies¡¯ balance sheets.

However, successful implementation of the refund policy depends on advanced tax collection measures and the overall level of honesty of taxpayers across society, Li noted.

The reform also includes measures to unify the standard for small-scale taxpayers, as it raises the threshold of taxable annual sales volume for industrial and commercial enterprises from 500,000 yuan and 800,000 yuan, to 5 million yuan.

¡°Raising the revenue ceiling to 5 million yuan for industrial and commercial sectors will help level the playing field and support the growth of medium and small firms in all sectors,¡± CICC said.

With all these measures, this year¡¯s VAT reform is more intensive than last year, CICC said.

The VAT reform was first piloted in Shanghai before it was rolled out nationwide. It has delivered a total tax cut of 2.1 trillion yuan over the past five years.

¡°We expect the reform to support China¡¯s economic growth in not only second quarter of 2018, but also the whole year and the first four months of 2019,¡± CICC said.

For Li, a more challenging job yet to be accomplished is to further reduce VAT brackets from three to two. In 2017, China streamlined its VAT brackets from four to three.

China aims to reduce taxes on businesses and individuals by more than 800 billion yuan this year, according to a government work report released in March.

While the VAT reform will help accomplish almost half of the target, policies to cut the remaining 400 billion yuan of taxes will be released soon, said Wang Jianfan, an official with the Ministry of Finance. (April 2,2018) from:english.gov.cn

point.gif (302 bytes) China to roll out new tax cuts to fuel economic growth
China will cut the value-added tax rates as part of a tax reduction package amounting to 400 billion yuan ($63 billion) this year to drive high-quality development, a State Council executive meeting chaired by Premier Li Keqiang decided on March 28.

The tax rate for manufacturing will be lowered from 17 to 16 percent, and the rate for transportation, construction, basic telecommunication services and farm produce from 11 to 10 percent, according to a decision at the meeting.

Premier Li said that VAT reform is a major step in China¡¯s tax regime reform.

¡°VAT reform has helped reduce the overall corporate tax burden, and improve the tax regime. The reform has proved to be conducive to the transformation and upgrading of the economy, unifying the tax structure and making taxation fairer,¡± he said.

¡°This round of tax cuts will apply to all manufacturing companies. All businesses registered in China, be they joint ventures or wholly foreign owned companies, will be treated equally,¡± the Premier said.

VAT reform was first piloted in Shanghai before it was rolled out nationwide in May 2016. It has delivered total tax cuts of 2.1 trillion yuan over the past five years.

The services sector has expanded significantly as a result. Its added value rose by 8 percent and accounted for 51.6 percent of GDP in 2017, according to the National Bureau of Statistics. The reform has also boosted entrepreneurship, innovation and the development of new industries and new forms of business. Micro and small firms have been the biggest beneficiaries in this process.

The Premier said in his Government Work Report earlier this month that efforts will be made to further lighten the tax burden on businesses. The government will reform and improve VAT, consolidate the three tax brackets into two and adjust tax rates, prioritize lowering rates in manufacturing and transportation, and raise the threshold for annual sales volume for small-scale taxpayers.

As part of the tax cut package, eligible enterprises in advanced manufacturing, modern services and electric utility will receive a lump-sum refund for their input VAT payments yet to be deducted.

The meeting also decided to unify the standard for small-scale taxpayers, raising the threshold of taxable annual sales volume for industrial and commercial enterprises from 500,000 yuan and 800,000 yuan to 5 million yuan. Enterprises registered as general taxpayers will be allowed to switch their status to small-scale taxpayers within a given time.

All the tax cuts will take effect starting on May 1.

The Premier said that reducing the three tax rate brackets to two in one go is a hugely challenging job, as reforms are normally pursued in small increments. Yet this goal is not beyond reach.

He stressed that no industry should see its tax burden increase in the course of VAT reform; this will be the guiding principle of all related reform measures.
(March29,2018)  from:english.gov.cn

point.gif (302 bytes) Govt issues guidelines promoting region-based tourism
The State Council has issued a guideline to promote region-based tourism, meaning identifying a whole area as a tourism destination, with unified planning for modern and quality tourism.

The circular urged advancing the ¡°tourism plus¡± program, promoting industrial integration and exploring new functions in region-based tourism.

The region-based tourism modes should feature diversity and environmental protection, the circular added.

The aim is to develop an integrated, quality, regulated tourism ecosystem that can generate maximum benefit.

The circular stressed efforts to extend tourism in other fields and industries, including integration with urban planning to build tourist towns and counties, with agriculture and forestry for sightseeing agriculture and forest parks and with technology for development of high-end healthcare tourism.

The circular also urged exploring cultural traits and folklore in tourism areas, upgrading quality of traditional craft art products, and bringing in new technologies for tourism products.

Entrepreneurship and innovation programs were also encouraged, and diverse investment entities will be welcomed.

According to the circular, tourism areas were encouraged to enhance service quality, build high-quality tourism brands and introduce intelligent services such as free Wi-Fi and online booking and payment.

In addition, public facilities should be enhanced. The circular called for efforts to push ahead the ¡°toilet revolution¡± and improve transportation network, consultation service centers in traffic hubs and guideposts.

The circular also urged protecting resources and the environment, and carrying out poverty-alleviation work by utilizing potential in tourism resources.

The government should increase policy support in finance, land use and talent, the circular read.
(March 26,2018)
from:english.gov.cn

point.gif (302 bytes)Yingkou port plans to invest 2.5 billion Yuan by the end of 2020 in some other countries
At present, Yingkou Port is planning to transform from terminal operator to line integrator, through investment in logistics nodes along the route, participation in management, realization of key node control, and enhancement of the overall operation effect and full service capability of China- Europe block train ferry. By end of 2020, the total amount of overseas investment had reached 2.5 billion Yuan.
March21,2018
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point.gif (302 bytes) Yingkou city ranked first in processing jellyfish in Liaoning province last year
Yingkou city has actively promoted the deep processing industry of jellyfish, and the jellyfish brand has achieved remarkable results. By the end of last year, the processing volume of jellyfish in our city had reached 90,000 tons, accounting for about 80% of the total export of processed jellyfish throughout the whole province. Processing output in the province ranked first.
(March 19,2018)
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point.gif (302 bytes) China unveils major cabinet reshuffle

BEIJING ¡ª China unveiled a major cabinet reshuffle on March 13, to make the government better-structured, more efficient, and service-oriented.

The institutional reform plan of the State Council was submitted to the ongoing first session of the 13th National People¡¯s Congress for deliberations.

State Councilor Wang Yong briefed the lawmakers on the plan.

After merging, restructuring, creating and dissolving, there will be 26 ministries and commissions. Among the new entities are ministries for natural resources, veterans affairs, and emergency management.

There will also be new administrations under the State Council, such as an international development cooperation agency, a state immigration administration, and a banking and insurance regulatory commission.

Compared with the current cabinet setup, the number of ministerial-level entities is reduced by eight and that of vice-ministerial-level entities by seven.

Wang said the reform, focusing on institutional restructuring in key areas, would strengthen the government¡¯s functions on economic management, market supervision, social management, public service, and ecological and environmental protection.

¡°It focuses on the needs of development and meets the people¡¯s expectations,¡± Wang said, adding that the restructuring formed part of a broader plan by the Communist Party of China to deepen the reform of the Party and state institutions.

He said the cabinet reshuffle dealt with the institutional obstacles to make the market play a decisive role in resource allocation. The reshuffle will also help China build a modern economy with high quality growth.

In a big change, a banking and insurance regulatory commission will be formed to replace the China Banking Regulatory Commission and the China Insurance Regulatory Commission.

The move is aimed at solving existing problems such as unclear responsibilities, cross-regulation and absence of supervision, Wang said.

The new body will enhance oversight of both banking and insurance industries and be more effective to forestall risks in the financial sector.

The international development cooperation agency, to be formed by merging parts of the functions of the Ministry of Foreign Affairs and the Ministry of Commerce, will ¡°give full play to foreign aid as a key means of major-country diplomacy,¡± Wang said.

A state immigration administration is to be set up under the Ministry of Public Security to formulate and enforce immigration rules, as ¡°the number of foreigners working and living in China has been increasing, raising new requirements on immigration administration and services,¡± according to Wang.

People¡¯s welfare will be better protected, with the establishment of two new ministerial departments devoted to healthcare and veterans affairs.

The ministry of veterans affairs will protect the rights and interests of military personnel and their families, improve the service and management system of demobilized military personnel, and make military service an occupation that enjoys public respect.

If passed, the cabinet reshuffle will be the eighth such move in more than three decades.

Cutting bureaucracy has been a common pursuit of governments around the world. Beginning 1982, amid its reform and opening-up push, China began downsizing the central government about every five years.

Ma Liang, a public administration professor of Renmin University of China, said cabinet reshuffles throughout the years aimed to develop a sound, service-oriented administration able to satisfy the people¡¯s needs.
(March 14,2018)  from:english.gov.cn
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point.gif (302 bytes)Two indicators of Xianrendao Economic Development Zone ranked first in Yingkou¡¯s key parks
A few days ago, Xianrendao Economic Development Zone held a general meeting to carry out the spirit of "optimizing the Business Environment and promoting Project Construction" in our city.
In 2017, the work of Xianrendao Economic Development Zone was progressing smoothly, showing a good development trend. There were 13 projects with more than 10 million Yuan under construction, of which 11 were more than 100 million Yuan. The total amount of export was 778 million Yuan, the year-on-year increase is of 61.2%, these show that the two indicators are ranked the first in the city's key parks. Become the strategic platform and important economic growth pole of our city carrying major projects. (
March12,2018)

point.gif (302 bytes) Export of Xianrendao Energy and Chemical Industry District rose sharply last year
Last year, Xianrendao energy and chemical industry district's foreign trade export reached a new high of 778 million Yuan accumulated, exceeding the annual target of 530 million Yuan, and maintaining a rapid growth rate of 61.7% over the same period last year.
(March.8,2018)

point.gif (302 bytes) Highlights of Premier¡¯s Government Work Report

Following are the highlights of a government work report distributed to media ahead of the annual session of the National People¡¯s Congress (NPC) on the morning of March 5.
OVER PAST FIVE YEARS
¡ª China¡¯ s gross domestic product (GDP) has risen from 54 trillion to 82.7 trillion yuan, registering average annual growth of 7.1 percent.
¡ª More than 68 million people have been lifted out of poverty.
¡ª Tourist departures have grown from 83 million to over 130 million.
¡ª Both energy and water consumption per unit of GDP have fallen more than 20 percent, the release of major pollutants has been consistently declining, and the number of days of heavy air pollution in key cities has fallen 50 percent.
¡ª Personal income has increased by an annual average of 7.4 percent, outpacing economic growth and creating the world¡¯s largest middle-income group.
¡ª More than 66 million new urban jobs have been added, and the country, with its population of over 1.3 billion, has achieved relatively full employment.

MAJOR TARGETS FOR 2018
¡ª GDP growth of around 6.5 percent
¡ª CPI increase of around 3 percent
¡ª Over 11 million new urban jobs, the surveyed urban unemployment rate within 5.5 percent, and the registered urban jobless rate within 4.5 percent
¡ª Basic parity in personal income growth and economic growth
¡ª A steady rise in import and export volumes, and a basic equilibrium in the balance of payments
¡ª A drop of at least 3 percent in energy consumption per unit of GDP, and continued reductions in the release of major pollutants
¡ª Substantive progress in supply-side structural reform, basically stable macro leverage, and systematic and effective prevention and control of risk

WHAT ELSE TO DO THIS YEAR
¡ª This year¡¯s deficit as a percentage of GDP is projected to be 2.6 percent, 0.4 percentage point lower than last year.
¡ª Cut steel production capacity by around 30 million metric tons and coal production capacity by approximately 150 million metric tons.
¡ª Reduce taxes on businesses and individuals by more than 800 billion yuan.
¡ª This year will see 732 billion yuan invested in railway construction and around 1.8 trillion yuan invested in highway and waterway projects; the scale of investment in ongoing water conservancy projects will reach 1 trillion yuan.
¡ª The general manufacturing sector will be completely opened up, and access to sectors like telecommunications, medical services, education, elderly care, and new-energy vehicles will be expanded.
¡ª Actively expand imports, host the first China International Import Expo, and lower import tariffs on automobiles, some everyday consumer goods, and so on.
¡ª Promote the peaceful growth of cross-Strait relations on the basis of the 1992 Consensus, and advance China¡¯s peaceful reunification.
¡ª Promote coordination and cooperation among major countries, deepen friendships and achieve common development with our neighbors, and enhance unity and cooperation with other developing countries.
¡ª Ensure the success of the annual conference of the Boao Forum for Asia, the Shanghai Cooperation Organization Summit, the Summit of the Forum on China-Africa Cooperation.
(March.07,2018)  from:english.gov.cn
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point.gif (302 bytes)China moves on trial reform of IPR cases
BEIJING ¡ª The Chinese leadership on Feb 27 unveiled guidelines for improving the trial procedures of intellectual property rights (IPR) cases.

Reforms are needed to improve top-level dealing with issues concerning the long-term development of the IPR case trials, and to adapt to changes in the international environment; judicial protection of IPR cases must be improved, according to a document released by the General Office of the Communist Party of China (CPC) Central Committee and the General Office of the State Council.

¡°An open mind is in need as reform must be made based on China¡¯s national conditions, while respecting international rules and learning from successful experiences of global cases,¡± the document said.

The reform targets higher efficiency, stronger IPR protection and better IPR case trial credibility. IPR infringement must be effectively curbed.

The detailed measures include building a compensation system for IPR infringement, stepping up creation of IPR courts and intensifying construction of IPR trial talent.

In 2016, Chinese courts handled 152,072 IPR cases, up 16.8 percent year on year. Over 3,700 people were arrested and 7,000 prosecuted, according to an IPR protection white paper.
(March.02,2018)  from:english.gov.cn
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point.gif (302 bytes)Yingkou Port Cross-Border E- Commerce Direct Mail launched
According to news on February 17th, after the first batch of 52 cross-border e-commerce direct mail packages transferred by sea through Yingkou port were scanned in turn, customs were cleared successively through the automated inspection and sorting lines. Yingkou port cross-border e-commerce business "Direct Mail by Sea" was officially launched. Which is to be became the second seaborne direct mail port in Northeast China.
(Feb.22,2018)

point.gif (302 bytes) Spending Smart: Millennials to fuel China¡¯s sharing economy

Young people in their 20s and 30s are rapidly becoming the backbone of China¡¯s widening spending power. Known as millennials, they are more open to new ideas and business models. They are also expected to help shape the future of the sharing economy.

Chinese millennials were born when China started to have more access to global markets. They are more eager to spend on experiences than on possessions. They share everything from bikes and homes to clothes and power banks.

¡°This new generation of consumers looks for information on the internet rather than in the library, and the information comes to them. The sharing economy meets their needs and it¡¯s very easy and very fast,¡± said venture capitalist Maggie Tan.

Besides bike sharing and apartment rentals, fashion rentals have emerged because of the booming sharing economy. Y Closet is a Beijing-based rental platform that doles out women¡¯s apparel and accessories. The company targets stylish young people with big dreams and small budgets.

¡°These young millennials do not want to follow the crowd. They want to have their own styles. But they¡¯re usually limited with their incomes,¡± said Doris Ke, marketing director of Y Closet. ¡°They¡¯re actually our core customers.¡±

Y Closet completed a 50-million-dollar fundraising round last year that was led by Alibaba, Softbank and Sequoia Capital. Now, the company teamed up with Taobao, China¡¯s largest e-commerce platform.

The sharing economy is booming in China. When a good idea emerges, attention will be gathered and capital will rush in. But many players could not even survive their very first year.

¡°Last year, I looked at over 200 sharing economy projects. But to be honest, over 99 percent of them do not exist anymore,¡± said Tan.

How to keep a new idea in sharing economy from this curse of a short life span? Tan suggested two key elements for success: Technology and real demand.

Millennials¡¯ flexible, minimalist and sustainable living styles are expected to help fuel China¡¯s sharing economy in the coming years, while block chain and the internet of things is driving the sector in terms of technology. But analysts say that 2018 will still be a crossroad for the sharing economy because the new technologies still need to mature.
(Feb.22,2018) from:english.gov.cn
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point.gif (302 bytes) State Council promotes separation of business operation permits, licenses in Shanghai

The reform of separating business operation permits from business licenses is to be further promoted in Shanghai Pudong New Area, according to an approval released by the State Council.

A specific work plan was also released, covering the reform in 10 areas: business system, medicine and medical instruments, investment and construction engineering, transportation, permission management of pawnshops, agriculture, medical and healthcare, quality supervision, culture and tourism, and supervision and service.

The work plan asks related pilot work leaders to assume responsibility, and coordinate and solve any problems. Education and training should be enhanced for related staff members. Policy introduction is necessary as it can help people and enterprises get better accustomed to the changes. Unclear work division should be avoided. Supervision and evaluation of the pilot work should be carried out. Successful results should be promoted and duplicated.

The work plan is aimed at effectively defining the functions of business operation permits and business licenses, exploring new technology, new industry, new modes and new products, and promoting an inclusive and deliberate supervision system.

It will also encourage system innovation and government function transformation, and break the systematic barriers restricting enterprises and individuals. Fair market competition is promoted for a better business environment, and help the development of new driving forces. Market vitality and social creativity are to be fully stimulated to spur economy development.
(Feb.12,2018)  from:english.gov.cn
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point.gif (302 bytes) China¡¯s rural transportation network to grow stronger
Winding roads, inaccessible spots and muddy fields have long been the most impressive memories for us traveling in China¡¯s remote and rural areas. But that was before the 18th Communist Party of China (CPC) National Congress, held in Beijing in 2012. If you look at the picture of those places now, you can see a difference and changes could be seen everyday.

Great breakthroughs have been made in transportation reform since the 18th CPC National Congress. The Ministry of Transport says it regards the construction of ¡°Sihao Rural Roads¡± as an important vehicle for completing the building of a moderately prosperous society.

Transport Minister Li Xiaopeng reported that at present, the network of rural roads in the country has reached 3.96 million kilometers. He noted that over 99 percent of townships and 98 percent of established villages were built with asphalt roads and cement roads, and equipped with buses. Poorly constructed roads are a thing of the past. Instead, paved roads and bus services are part of the real lives of 600 million farmers in China.

In 2017, the ministry also achieved remarkable progress in reducing logistics costs by upgrading transport infrastructure, improving transport services, deepening the transport sector¡¯s reform and strengthening new growth drivers for transport development.

Remarkable as China¡¯s achievements in transportation, there¡¯s still much room for improvements in terms of infrastructure construction, services and governance.

Li told the press that even though China is a major transport country, it is only big, not strong. There¡¯s still a long way to go before becoming a powerful transport country. The infrastructure is not good enough, our services cannot fully meet the needs of the people, our logistics are not yet developed, and the costs in logistics are still relatively high.

Making China a stronger country in terms of transportation is a new goal for the government. Li said that the authorities will try hard to build a modern transportation system. ¡°We will build this system with open integration, sharing governance, green wisdom, civilization and trustworthiness.¡±

The government plans to achieve the basic goal of becoming a ¡°strong transport country¡± from 2020 to 2035, and to comprehensively achieve that goal from 2036.
(Feb.11,2018) from:english.gov.cn
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point.gif (302 bytes) Results of Q4 govt website inspection issued
The State Council released a circular on the results of a nationwide inspection of government websites conducted in the fourth quarter of 2017.
As of Dec 1, 24,820 government websites were in operation, including 1,961 affiliated with State Council departments and 32 provincial-level government portal websites.
The State Council¡¯s general office conducted a random inspection of 460 websites, of which 95 percent were qualified. It¡¯s worth noting that the websites of Beijing, Tianjin, Hainan, and the Xinjiang Production and Construction Corps were rated as 100 percent qualified over four consecutive quarters.
All provincial regions and 71 departments of the State Council selected 12,336 websites under their respective administrations, which accounted for 50 percent of government websites with a 96 percent total qualification rate.
Valid messages via platforms for people to mention errors on government websites totaled 14,208 in the fourth quarter, among which 99 percent were answered. For 25 websites selected from the Inner Mongolia autonomous region, Shanghai, Hunan, the Ministry of Public Security and the Ministry of Environmental Protection, the figure reached 100 percent.
Also during the same period, 116 officials were punished or received warnings for running unqualified websites.
In 2017, all regions and departments had inspected 43,139 government websites at all levels. A total of 21,513 websites with poor maintenance were integrated or migrated and 625 officials were held accountable for the substandard websites.
Some problems surfaced in the process, such as unregulated domain names and logos, lack of overall rectification measures, poor interactions with netizens and insufficient security control.
Based on the results of the inspection, the circular urged more efforts to supervise government websites and to provide better government services online.
Regions and departments at all levels should enhance regular website supervision, operationalize correction measures, better interact with netizens to address their concerns, and improve security mechanisms to ensure government websites are safe and reliable.
(Feb. 8,2018 ) from:english.gov.cn
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point.gif (302 bytes)  Yingkou Municipal Government and KPMG sign Framework Agreement on Strategic Cooperation
Yu Gongbin , mayor of Yignkou municipal government, met with Zou Jun, chief partner of KPMG Enterprise Consulting (China) Co., Ltd., before signing the contract.
Yesterday, Yingkou municipal government and KPMG Enterprise Consulting (China) Co., Ltd. signed a strategic cooperation framework agreement. The two sides will have long-term cooperation in the field of business consulting services. Before signing the contract, Mayor Yu Gongbin met with Zou Jun, chief partner of KPMG Enterprise Consulting (China) Co., Ltd., before signing the contract.
(Feb.05,2018)
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point.gif (302 bytes) Promoting the Construction of Comprehensive bonded area in an All-round way
Yingkou held a Party-government Meeting, had a special research on the construction and operation of Yingkou Comprehensive Bonded Zone. Zhao Changfu and Yu Gongbin attended the meeting and delivered speeches.
(Jan.29,2018)

point.gif (302 bytes) Premier: Government Work Report should stand for social consensus
¡°The government, whether in its policymaking or implementation, must stand for social consensus and try its best to enhance reasonableness and democracy in its policies,¡± Premier Li Keqiang said Jan 24 at a symposium.
The symposium was held to solicit advice from leaders of democratic parties and the All-China Federation of Industry and Commerce, as well as those without party affiliation.
He acknowledged that the symposium is a significant practice of socialist deliberative democracy and a step for the State Council to be subject to democratic supervision.
After the guests gave their opinions and advice, the Premier said, ¡°Your advice is very important. It can represent, to a great extent, social consensus and the people¡¯s will. The Government Work Report should include your feedback as much as possible.¡±
He also appreciated the support and help from the three groups. ¡°Over the past five years, you have conducted research on some major issues concerning socioeconomic development and made many insightful suggestions. I and other members of the State Council have read them all and forwarded them to relevant departments.¡±
Noting that this year marks the 40th anniversary of China¡¯s reform and opening-up policy, Premier Li said that making new accomplishments would be one of the best ways to honor the basic State policy.
The Premier urged that more efforts should be made to promote high-quality development and establish a modern economic system. Practical measures should be taken to deepen reform and opening-up, enhance creativity and competitiveness, and ensure better lives and well-being for the people.
He stressed that the Government Work Report should ensure that it reflects the best common desires of the people.
Premier Li encouraged the three groups to continue playing an active role in political consultation and democratic oversight, to give their consistent support and help the government meet the social development and economic growth targets. (Jan.29,2018)
from:english.gov.cn

point.gif (302 bytes)  Made in China 2025 roadmap updated
China aims to become the world¡¯s leading manufacturer of telecommunication, railway and electrical power equipment by 2025, as the country ramps up its implementation of the Made in China 2025 strategy, according to a new roadmap released on Jan 26.
Qu Xianming, an expert involved in drafting the updated version of the Made in China 2025 technology roadmap, said China has already made great strides in the above three areas, but more efforts are needed to crack the bottlenecks of key components in order to achieve global supremacy.
¡°It is not just about production capacity. Instead, we aim to become No 1 in research and development, as well as the application of these products,¡± said Qu, an expert with the National Manufacturing Strategy Advisory Committee, an organization that advises the government on plans to upgrade the manufacturing sector.
According to Qu, home appliances, petroleum refining equipment and construction machinery are also likely to be added into the key areas of Made in China 2025.
¡°It is still under discussion. But if they are added to the list, the central government will roll out measures to assist their development,¡± Qu added.
The first version of the Made in China 2025 technology roadmap was published in 2015. It was designed to guide local governments and enterprises in their manufacturing investment and other business decisions.
But the past two years have witnessed new ideas and technologies pop up, demanding an updated technology roadmap to reflect the new trends and problems in the manufacturing industry.
Xin Guobin, vice-minister of industry and information technology, said China has already become one of the world¡¯s largest producers of more than 220 types of products.
¡°But we are still facing big challenges in producing reliable core components, and many products are still mid-tier to low-end. We hope the roadmap can serve as guidance for companies to cultivate innovation and upgrade their plants,¡± Xin said.
According to the updated roadmap, China¡¯s homegrown robotics, high-end automation and new energy vehicles industries are all likely to rank No 2 or No 3 globally by 2025.
But China will still lag behind some foreign countries in the fields of semiconductors, operating systems and industrial software at that time. (Jan.29,2018)
from:english.gov.cn

point.gif (302 bytes) China to beef up quality certification system
To boost supply-side structural reform and administrative streamlining, China is stepping up efforts to boost quality by enhancing the quality certification system and quality management, according to a circular recently released by the State Council.
As a basic principle, a unified and top-level plan is required, with no possibility for industry monopoly or market barriers. The market should play a decisive role in supply and demand with governmental guidance.
Meanwhile, compulsory and voluntary certification should be combined to call up efforts from all walks of life to enhance quality management.
These efforts are aimed at building a sound quality certification system in three to five years, with improved quality in primary products, projects, services, consumer goods and food, and some internally competitive brands.
International advanced quality management standards will be adopted, such as the new ISO 9001. Companies should be encouraged to enhance quality management using these standards, which are to be introduced throughout the industry and social governance.
Governments at all levels are expected to employ the quality management system to transform their management styles with better administration efficiency and credibility.
Efforts will be made to spread the quality certification system to different enterprises with necessary and compulsory certification in place for products concerning security, health, and environment under the rules of the World Trade Organization.
The quality of new technologies, products and business models should be supervised in an inclusive but prudent way in order to foster new economic drivers and bolster industrial transformation.
Apart from the unified certification system, other redundant certifications and related charges should be cleaned up. Certification institutions should provide an integrated solution from test to certification, to lower costs for enterprises.
Moreover, a supervision system involving different parties will be enhanced, and international cooperation is encouraged for mutual recognition of quality certification. (Jan.29,2018)
from:english.gov.cn

point.gif (302 bytes) China to uproot ¡®protective umbrellas¡¯ of organized crime
BEIJING ¡ª A document issued on Jan 24 stressed that a campaign on organized crime should involve fighting corruption, including lower-level corrupt officials, and deal with ¡°protective umbrellas¡± of gang crime.
Disciplinary agencies should punish Communist Party of China (CPC) members involved in gang crime in disciplinary supervision and inspection, according to the document released by the CPC Central Committee and the State Council.
The document said that disciplinary agencies and political and legal bureaus should find and tackle the corruption behind gang crime.
Disciplinary agencies at all levels should deal with ¡°protective umbrellas¡± and investigate no matter who is involved.
Organized crime is deeply interwoven with corruption and cases related to poverty reduction should be given the highest attention. (Jan.29,2018)
from:english.gov.cn

point.gif (302 bytes) China to make cities safer
BEIJING ¡ª China unveiled a guideline to push for safe development of cities, as some major accidents in cities caused great casualties and property loss in recent years on Jan 7.
The country must uphold the vision of making development people-centered and never seek development at the cost of safety, according to the guideline made public by the general offices of the Communist Party of China Central Committee and the State Council.
By 2020, China aims to achieve ¡°noticeable progress¡± in safe urban development, and create a number of demonstration cities in line with the objectives for becoming a moderately prosperous society in all respects, the guideline said.
By 2035, the country should put in place an improved system for safe urban development and create safe cities that are in line with the requirements for basically realizing socialist modernization, it added.
With the acceleration of China¡¯s urbanization, the population, functions and sizes of Chinese cities have been expanding rapidly, but safety hazards are also on the rise as cities become more complicated.
At the end of 2016, the ratio of permanent urban residents to total population stood at 57.35 percent, up from 52.57 percent at the end of 2012, data from the National Bureau of Statistics showed.
The country must raise the capability of ensuring urban safety and prevent major accidents to create a sound environment for people¡¯s lives and work, according to the guideline.
The notion of safe development should be reflected in making plans for cities, including those for urban social and economic development and for disaster prevention and relief.
For residential areas, commercial areas, development zones, industrial parks and port areas, safety must be the prerequisite in determining their spatial layouts, the guideline said.
Safety-related laws, regulations and standards should be improved to raise the country¡¯s ability to ward off risks and ensure the safe functioning of urban facilities, it said.
¡°Safety must be put in the first place in urban infrastructure construction,¡± according to the guideline.
China should push forward the construction of multi-functional underground pipeline corridors in an orderly manner, and reinforce the safety supervision of the construction and operation of transport, water, drainage, heating, natural gas and other infrastructure projects.
China should also strengthen safety risk control by thoroughly identifying urban safety risks, building a risk information management platform and drawing a map for the distribution of such risks in four tiers, with red representing the most severe, followed by orange, yellow and blue.
The screening and overhaul of urban safety hazards will be standardized by further improving the mechanism for the identification, registration and supervision of major sources of dangers, building a database for dynamic management and raising the online supervision capacity, the guideline said.
Emergency management and rescue capabilities will be reinforced, as the country will pursue fast, scientific and effective rescue efforts, improve the emergency rescue management in cities and push for information sharing and coordination of different departments.
The guideline also detailed measures on raising the country¡¯s safety supervision efficiency, making cities better at ensuring safety and improving leadership and coordination. (Jan.12,2018) from:english.gov.cn

point.gif (302 bytes) Consumer inflation stays within target in 2017
China¡¯s consumer inflation increased by 1.6 percent last year, lower than the yearly control target of 3 percent. Analysts said it will moderately rise by over 2 percent this year, but will not trigger any major monetary policy adjustment.
The Consumer Price Index accelerated to 1.8 percent in December, the National Bureau of Statistics announced on its website.
Weakening food prices are a major contributor to the fall in CPI inflation last month, Sheng Guoqing, a senior statistician of the NBS, said in a statement. Non-food price rises are the main cause of the overall growth, he said.
Whole-year CPI growth came in at 2 percent in 2016, according to the NBS. China set the control target of 3 percent last year.
Looking ahead, the consumer inflation rate could surge in February, in which the Spring Festival falls, analysts said. The seven-day holiday for the festival generally boosts consumption and consumer prices.
Zhu Jianfang, chief economist at CITIC Securities, said CPI growth could reach 3 percent in February and the whole-year reading could rise to 2.5 percent this year.
Huatai Securities forecast in a research note that average CPI growth could be around 2.5 percent this year. If international oil prices rose to about $75 a barrel, China¡¯s inflation could reach 3 percent, it said.
¡°The expected high CPI reading in February could have a short-term impact on monetary policymaking and the financial market,¡± Zhu said.
But for the whole year, moderate CPI growth will not have a major bearing on the current monetary policy stance, said Yan Ling, analyst with China Merchants Securities. Yan forecast whole-year CPI growth of 2.3 percent.
Monetary policy will become neutral this year, analysts said.
¡°This year¡¯s (financial) regulatory focus will be on prevention of risks and cutting leverage,¡± according to a Haitong Securities research note.
China¡¯s Producer Price Index, which gauges factory-gate prices and is a major indicator of business health, rose 4.9 percent from a year earlier in December, compared with 5.8 percent in November. It is the slowest growth in 13 months.
The PPI decline is attributable to the weakening price growth in such sectors as oil and gas exploration, ferrous and non-ferrous metals, and coal mining and washing, which had bolstered the strong growth of PPI in previous months.
For the whole of 2017, PPI rose by 6.3 percent, compared with a drop of 1.4 percent for 2016, reversing the trend of continual PPI decline since 2012. (Jan.12,2018) from:english.gov.cn

point.gif (302 bytes) China steps up taxation reform
According to the State Administration of Taxation, in 2017, taxation issues were mentioned during 24 of 34 State Council executive meetings, including optimization of the taxation system, tax relief, and further improvements in the business environment. This clearly demonstrates that tax occupies an exceedingly important place in governance.
Optimization of taxation system
Value-added tax (VAT) reform was a major concern of the State Council in 2017, for which a succession of arrangements were made, covering streamlining VAT rates, formulating detailed plans, legalizing VAT reform by abolishing business tax regulations, and introducing regulations in environmental protection, among others.
Taxation reform injects tremendous momentum into the development of market economy and plays a significant part in market regulation, economic restructuring, and the upgrading of drivers, said Yue Shumin, a professor at the School of Finance of Renmin University.
Tax relief
Tax relief is also a task of great importance, a key vehicle for a slew of economic policies, including mass entrepreneurship and innovation, sharing economy facilitation, and Made in China 2025.
The implementation work of tax cuts, based on actual conditions, was fulfilled by taxation authorities at all levels, bolstering economic restructuring and safeguarding people¡¯s well-being, said Yang Zhiyong, a researcher at the National Academy of Economic Strategy of the Chinese Academy of Social Sciences.
Further improvements in business environment
Streamlining multiple certificates into one has been in full swing since April, for which the State Council stepped up related legalization and policies in a bid to uphold fairness and equity in the business environment.
In addition, taxation reform also acts as a capable driver, highlighting streamlining administration and delegating power while improving regulation, and enhancing public services. This will boost the construction of an internationalized and market-driven business environment that is fully regulated by the law, said Li Wanfu, head of the tax administration¡¯s Taxation Research Center. (Jan.11,2018) from: english.gov.cn
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point.gif (302 bytes) Laws and regulations for FTZs to be temporarily adjusted
The State Council has decided to adjust some laws and regulations adapted to China¡¯s Free Trade Zones (FTZs), in a bid to better implement the opening-up and reform policies in the zones.
Eleven administrative regulations, including the ship registration rules, two State Council circulars on domestic urban rail transit equipment and city rapid rail transit and another two documents on industries for foreign investment and foreign investment in aviation industry, will be temporarily adjusted in the FTZs, according to the State Council decision.
It also urged related departments and governments of the 11 provincial regions where the free trade zones are established, such as Shanghai Municipality, Fujian, Zhejiang and Henan provinces, to adjust local related laws and regulations to adapt to the changes made by the central government.(Jan.11,2018) from:english.gov.cn

point.gif (302 bytes) President Xi delivers New Year speech vowing resolute reform in 2018
President Xi Jinping delivers a New Year speech to extend New Year greetings to all Chinese, and best wishes to friends all over the world, in Beijing, capital of China, Dec 31, 2017.[Photo/Xinhua]
BEIJING ¡ª President Xi Jinping delivered a New Year speech on Dec 31, vowing that China would resolutely carry out reform in 2018.
¡°We will take the opportunity of celebrating the 40th anniversary of the reform and opening-up in 2018 to further carry out reform, as reform and opening-up is the path we must take to make progress in contemporary China and to realize the Chinese dream,¡± Xi said.
He cited a Chinese adage, saying that the Chinese people would ¡°cut paths through mountains, and build bridges across rivers¡± to move forward on reform.
He extended New Year greetings to all Chinese, and best wishes to friends all over the world.
Xi said the year 2018 marked the first year of fully implementing ¡°the spirit of the 19th National Congress of the Communist Party of China,¡± which outlines China¡¯s desired development blueprint over the next three decades.
¡°Building a high-rise begins with mounds of soil,¡± Xi said, borrowing an ancient Chinese phrase to urge his fellow Chinese to take a step-by-step approach and work hard to turn the blueprint into a reality.
Xi said that by 2020 all rural residents living below the current poverty line should have been lifted out of poverty. It will be the first time in China¡¯s thousands of years of history that extreme poverty is eliminated.
¡°It is our solemn promise,¡± Xi said. ¡°Only three years are left to 2020. Every one of us must be called to action, do our best, take targeted measures to secure victories one after another.¡±
¡°This is a great cause, important to both the Chinese nation and humanity. Let¡¯s do it together and make it happen,¡± he said.
Xi said China¡¯s great achievement of development was made by the people and for the people, and that among the people¡¯s most pressing concerns were education, employment, income, social security, healthcare, elderly care, housing and environmental protection.
The President admitted that there were areas where the government¡¯s work fell short of expectations. Though progress has been made, he said, issues of public concern remain.
¡°That is why we should strengthen our sense of responsibility, and do a good job of ensuring the people¡¯s well-being,¡± Xi said. ¡°The well-being of our people is the Party and the government¡¯s greatest political achievement. Our cadres should put the people¡¯s state of living at the heart, and help them live a better life.¡±
On international affairs, Xi said the world expected to hear China¡¯s stance and attitude on issues concerning peace and development.
¡°As a responsible major country, China has something to say,¡± Xi said.
¡°China will resolutely uphold the authority and status of the United Nations, actively fulfill China¡¯s international obligations and duties, remain firmly committed to China¡¯s pledges to tackle climate change, actively push for the Belt and Road Initiative, and always be a builder of world peace, contributor of global development and keeper of international order,¡± he said. ¡°The Chinese people are ready to chart out a more prosperous and peaceful future for humanity, with people from other countries.¡±
(Jan.02,2018) from:english.gov.cn

point.gif (302 bytes) Economy to remain stable through 2018
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hina¡¯s economic growth results are expected to remain stable not only in 2017 economic reports yet to be released but also in 2018, despite a slight decline in a major index measuring the expansion of the manufacturing sector in December, analysts said.
While there is some variation in the forecast, analysts said the country¡¯s GDP growth may register up to 6.9 percent for 2017.
The official manufacturing purchasing managers index, released on Dec 31, dropped to 51.6 in December, compared with 51.8 in November, according to the National Bureau of Statistics.
Still, the index remained comfortably above the 50-point mark that separates growth from contraction, with numbers above 50 indicating expansion.
¡°The manufacturing sector is stable and improving, a trend that has become more entrenched,¡± Zhao Qinghe, a senior NBS statistician, said in a statement.
The annual average reading of the index for 2017 was 51.6, which is 1.3 points higher than in 2016.
¡°The December reading dropped a little bit, but it still reached the annual average level, indicating that expansion of the manufacturing sector remains strong,¡± Zhao said.
As seen in PMI changes in 2017, the trend of an improving economy has become more obvious, said Chen Zhongtao, an analyst at China Logistics Information Center.
¡°The PMI has remained above 51 and even exceeded 52 in September. The overall trend is stable, with only small monthly fluctuations,¡± he said.
Based on the average monthly reading of PMI, Chen said China¡¯s GDP growth could reach about 6.9 percent in 2017.
Growth in the fourth quarter could reach 6.7 percent and the whole-year growth could be 6.8 percent, said Li Chao, an analyst at Huatai Securities.
China achieved GDP growth of 6.9 percent for the first three-quarters. Analysts generally predicted that growth could dip in the fourth quarter as the effect of environmental protection measures and slowing property sales growth unfolded.
Growth in China¡¯s services industry picked up in December, an official survey showed on Dec 31, as the sector continued to show solid expansion.
NBS also said that China¡¯s official nonmanufacturing PMI rose to 55 in December, up from 54.8 in November.
The services sector accounts for over half of China¡¯s economic growth, and analysts said the strong nonmanufacturing sector expansion, together with the manufacturing expansion, will contribute to the stable GDP growth this year.
The nonmanufacturing index reading has remained above 54 in 2017 except in August.
Qu Qing, an analyst at Hua Chuang Securities, said the construction sector has helped bolster the index, indicating that infrastructure investment remains stable, which will help boost overall economic growth in 2018.
Despite its stable economic growth trend, China also faces some challenges, such as an increase in raw materials prices and rising corporate costs, said Chen of China Logistics Information Center.(
Jan.02,2018) from: english.gov.cn


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