The China Compulsory Certification (CCC) is a Chinese system of product safety accreditation. It is compulsory for some 159 product types in 23 categories. For this products or categories, the rules say that the products must have the certification mark...

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The Ministry of Commerce (MOFCOM) released new Guiding Opinions concerning the “Simplified Merger Review Procedure”, aiming at accelerating the review process. Although the provisions are still not very clear on the procedural issues, they set out the...

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At the end of April, the Ministry of Finance and State Administration of Taxation jointly issued a circular that confirmed the replacement of the Business Tax (BT) by the Value-Added Tax (VAT) in the telecommunications sector. This transition has very...

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The environmental pollution situation in China is now calling for severe penalties for heavily polluting companies. The solution that the Chinese authorities seem to be looking at is the “per day fine” system. First, let us have a look at what the “per...

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To set up a retail store in China, foreign investors must first, or concurrently, register a foreign-invested commercial enterprise (FICE). To do so, regulations require first that the applicant has a good reputation; has not committed any acts in violation...

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