Brands from Belarus have been increasingly expanding into the Chinese market, leading to a 33% year-on-year growth in trade between China and Belarus, surpassing $5 billion in 2022. Main export products from Belarus to China include potassic fertilizers, frozen bovine meat, dairy products, raw sugar, and poultry meat, among others. Despite this growth, Belarusian brands face challenges with counterfeit products on Chinese…
China Issued 2023 VAT Policies and Exemptions for Small Businesses. This includes an exemption for small businesses with monthly sales of 100,000 yuan or less.
China revised Foreign Trade Law and canceled the need for foreign trade operators to file and register with the commercial authorities.
Sapience Pro, together with Shanghai Lingang Jinshan No.2 Industrial Zone, Shanghai Carbon Valley Green Bay R&D Base Industrial Development Co., and the Shanghai Institute of Chemical Industry, organized an online sharing on R&D Safety and Environmental Protection Construction Management. The event was a great success, with close to 100 local & overseas participants. The attendees were mainly leaders from chemical companies…
According to the National Health Commission, China will remove quarantine rules for all passengers traveling to China beginning January 8, 2023. The health authority said in a statement that COVID-19 would also be downgraded to Category B from the current Category A, meaning that quarantine will no longer be enforced. According to the National Health Commission, China will refer to…
As China takes measures to open financial markets, the Chinese Yuan is becoming a more important global currency. According to the Bank of International Settlements (BIS), the Chinese Yuan will account for 7% of all trades in 2022, up from 4% three years ago, and total daily trade will increase to $7.5 trillion, up from $7.5 trillion. The yuan surpassed the Australian,…
On Friday, November 5th, The China International Import Expo (CIIE) celebrated its 5th anniversary. The event is intended to bring much-needed momentum to the global economy. It is the critical platform for the country’s pledge to pursue long-term reform and opening up. It also intends to foster technological and economic growth while supporting the use of green energy in all…
China is Betting Big on Sustainable Development. According to research conducted by the Green Finance Committee of the China Society for Finance and Banking, Tsinghua University, Goldman Sachs, and other reputable experts, achieving carbon neutrality by 2060 will require a range of USD 15 trillion to 75 trillion in carbon neutrality financing over the next 30 years. The Chinese green goods and…
On Tuesday, October 25th, China’s primary economic planner, the National Development and Reform Commission (NDRC), along with five other ministries, published 15 measures to facilitate the implementation of foreign-invested projects, with a focus on the manufacturing and high-tech industries. According to the Ministry of Commerce, China’s utilization of foreign direct investment increased 16.4 percent year on year to 892.7 billion yuan ($122 billion) in…
