China’s Latest Laws and Regulations in November of 2012, II

V. The Ministry of Commerce Released the Report on Chinese Foreign Trade Development (Autumn 2012)

On October 26, 2012, the Ministry of Commerce released the Report on Chinese Foreign Trade Development (Autumn 2012) (“Report”), which reviews the performance of China’s foreign trade in the first three quarters, forecasts on the full year’s foreign trade situation, and makes projections for development trends in foreign trade in 2013.

According to the report, since 2012, China’s foreign trade development has faced a complex and challenging environment both at home and abroad, imports and exports slipped to single digit growth, and import and export enterprises confronted increased difficulties. But, due to the implementation of a series of measures to promote foreign trade, there is optimism that imports and exports will maintain the upward trend seen in September and that China’s share of total global trade for the year will remain stable or rise slightly.

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The Latest Laws and Regulations of July, I

I.  From 1st of August, 2012, Export Enterprises won’t be Required to Go through the Formalities of Collection, Verification, Writing-off of Export Proceeds in Foreign Exchange

The State Administration of Foreign Exchange, the General Administration of Customs and the State Administration of Taxation jointly issued the Announcement on Reform concerning to Foreign Exchange Administration System of Goods Trade, and the reform will be implemented nationally on 1st of August, 2012. Reportedly, from 1st of December, 2012, the reform has been piloted in 7 provinces such as Jiangsu, Shandong, etc.. The reform covers the administration method including the cancellation of paper of collection, verification and writing-off of export proceeds, no need to go through the formalities of collection, verification and writing-off of export proceeds; implementation of dynamic sort management referring to classifying the enterprises into 3 sorts according to the compliance and the consistency of export and import of goods; and adjustment to declaration process for export, etc.. Meanwhile, the State Administration of Foreign Exchange has delivered new laws and regulations for administration of foreign exchange of goods trade to the local departments of foreign exchange and banks authorized to deal with foreign exchanges, accordingly the old documents are abolished.

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Introduction to China Internet Information Supervision System

By You Yunting

According to Progress in China’s Human Rights issued by the Information Office of State Council PRC, the speech freedom of Chinese netizens is protected by law and they could express their opinions in whatever the way they choose. By the end of 2009, China has more than 384 million netizens and the popularity of Internet has been more than 28.9% which are both above the average standard in the world. Moreover, the website established in China has been more than 3.23 million, BBS of more than 1 million and the blog user of more than 220 million. By the sampled statistics, the information sent by local people each day through BBS, news comment or blog are more than 3 million and 66% more netizens will comment on the Internet, participate in the topic discussion, express their opinions or make appeal for their interests.

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