Nov 12, 2024 · Starting January 1, 2025, there will be some notable changes to public holidays compared to 2024. The total number of holidays for all citizens will increase by two days, with one additional day added to both the Spring Festival and Labor Day. The State Council has also decided to optimize the holiday arrangements further.

Overview of China’s 2025 Tariff Adjustment Plan. In 2025, China will impose tariffs on 8,960 tax items.; Provisional import tariff rates: Starting from January 1, 2025, 935 items will be subject to provisional import tariff rates, which are lower than the most favored nation (MFN) tariffs. Tariff reduction: Starting from January 1, 2025, China will reduce tariffs for relevant products to ...

On November 7, 2024, the General Administration of Customs (GAC) released statistics showing that China’s goods exports in October far exceeded expectations. Exports increased by 11.2 percent year-on-year in RMB terms and 12.7 percent in dollar terms, marking the largest expansion since March 2023.

Nov 6, 2024 · Encouragingly, the first nine months of 2024 have demonstrated signs of recovery, with China attracting RMB 640.6 billion (US$90.26 billion) in foreign investment. Notably, there has been an 11.4 percent increase in new foreign-invested enterprises (FIEs), with high-tech manufacturing, medical equipment, and professional technical services experiencing substantial growth in foreign capital ...

Nov 26, 2024 · China is reshaping the global energy landscape, setting its sights on an ambitious transformation driven by renewable energy. In its latest move, on October 30, 2024, the Chinese government unveiled the Guiding Opinions on Vigorously Implementing the Renewable Energy Substitution Initiative (hereinafter the “new renewable energy plan”) to accelerate renewable energy consumption.

Oct 24, 2024 · China’s economy faced significant headwinds throughout the third quarter (Q3) of 2024, yet still managed to avoid a severe downturn thanks to an unexpected rebound in September.While economic indicators in July and August pointed toward a potential contraction—largely driven by a persistent slump in the real estate sector, weak consumer demand, and fiscal strain on local governments ...

UPDATE (September 20, 2023): China will issue an upgraded version of the Foreign Permanent Resident ID Card from December 1, 2023, with design improvements and enhanced functionality. Key changes include a new design with a five-star element, advanced security features, an extended 18-digit card number, and increased functionality for managing personal affairs online.

Feb 6, 2024 · Foreign travelers can make hotel reservations online using the Ctrip International version Trip.com APP or by contacting hotels via phone. It’s important to note that some hotels may have limitations and might not be able to accommodate foreign guests, so it’s advisable to inquire in advance about their policies regarding foreign guests.. Upon check-in at the hotel, guests are required to ...

Dec 25, 2023 · Overview of China’s 2024 Tariff Adjustment Plan. In 2024, China will impose tariffs on 8,957 tax items. Starting from January 1, 2024, 1,010 items, including certain medical products, key equipment and parts, resources in short supply, and some agriculture products, will be subject to provisional import tariff rates, which are …

Jan 3, 2025 · New rules for registered capital The time limit for payment of the increase in registered capital. The Measures stipulate that if an LLC increases its registered capital, then the shareholders must fully pay the increased capital within five years from the date of the registration change. This aligns with the new time limit for payment of initial subscribed capital introduced in the amended ...