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News from China
Students stage White House protest as Trump gives nod to background bill
20th February 2018

 Dozens of teenage students lay down on the pavement in front of the White House on Monday to demand presidential action on gun control after 17 people were killed in a school shooting in Florida.

 
Parent and educators joined the gathering, where protesters held their arms crossed at their chests. Two activists covered themselves with an American flag while another held a sign asking: “Am I next?”
 
“It’s really important to express our anger and the importance of finally trying to make a change and having gun control in America,” said Ella Fesler, a 16-year-old high school student from Alexandria, Virginia.
 
She added: “Every day when I say ‘bye’ to my parents, I do acknowledge the fact that I could never see my parents again.”
 
Meanwhile the White House said Donald Trump was supporting an effort to improve background checks on gun buyers.
Source: The Guardian, February 20, 2018
Numbers of foreign firms setting up in China soar
15th February 2018

 Foreign companies newly established in China in January surged by 158 percent year on year to hit 5,197 — the highest since September 2015.

 
The Ministry of Commerce, which released the data yesterday, said that foreign direct investment into the Chinese mainland rose 0.3 percent year on year to reach 80.36 billion yuan (US$12.67 billion) last month. That reading was up from the 73.94 billion yuan posted in December, the ministry said.
 
FDI to the high-tech sector continued to grow in January, rising 42.3 percent year on year and accounting for 21.5 percent of the total FDI, up 6.3 percentage points from a year earlier.
 
Some 9.95 billion yuan flowed into the high-tech manufacturing industry, a sharp rise of 93.5 percent year on year, with electronics and communications equipment surging by 75 percent compared to the same period last year.
 
The high-tech service industry drew 7.35 billion yuan, up 4.8 percent year on year. FDI in R&D and design, and information services rose 57.6 percent and 17.1 percent, respectively.
 
FDI into western China registered rapid growth in January, with total volume up 56.4 percent year on year to hit 4.56 billion yuan, official data showed.
 
China’s 11 free trade zones drew a total of 8.38 billion yuan, up 55.2 percent year on year, with 593 foreign enterprises newly founded, much higher than the national average.
 
FDI from Singapore and the United States climbed quickly last month, posting growth of 56.6 percent and 52.2 percent year on year, respectively.
 
As the business environment continues to improve, China is set to attract steady foreign investment inflows by opening up and easing market access.
 
“We will also substantially open up the service sector, especially the financial sector, and create a more attractive investment environment,” Liu He, deputy head of the National Development and Reform Commission, said at the recent World Economic Forum in Davos, Switzerland.
 
The commerce ministry expects foreign investment to stay steady in 2018. 
Source: Shanghai Daily, February 15, 2018
China's ODI keeps double-digit growth in January
14th February 2018
China’s non-financial outbound direct investment maintained double-digit growth in January, the third straight monthly increase, official data showed yesterday. Chinese investors made 69.5 billion yuan (US$11 billion) of non-financial ODI in 955 overseas enterprises from 99 countries and regions last month, the Ministry of Commerce said. The investment surged 30.5 percent from the same period last year, the ministry said. The growth tracked a gain of 49 percent in December and an increase of 34.9 percent in November. “The structure of outbound investment has been optimized,” said Han Yong, a ministry official said. In January, no new ODI projects were reported in property, sports or entertainment. Investment in leasing and business services rose 14.4 percent year on year, while that in household services and other service industries surged 163.6 percent. Investment in wholesale and retail industries climbed 24.2 percent. ODI in the mining sector soared 793 percent year on year to US$3.8 billion in January. China’s ODI has seen rapid growth in recent years. However, noting an “irrational tendency” in outbound investment, authorities have set stricter rules and advised companies to make investment decisions more carefully. In a document released in August last year, the State Council said overseas investment in areas including real estate, hotels, cinemas, and entertainment would be limited, while investment in sectors such as gambling would be banned. In November, the National Development and Reform Commission, China’s economic planning body, released a new draft rule on outbound investment, including stipulation on the investment activities of firms established overseas by domestic companies. Meanwhile, ODI to countries involved in the Belt and Road Initiative has been encouraged. Last month, Chinese firms made US$1.2 billion of new investment in 46 countries along the B&R, up 50 percent year on year and taking up 11.4 percent of the total, the ministry said.
Source: Shanghai Daily, February 14, 2018
Pudong gets go-ahead to deepen its pilot administrative reforms
13th February 2018

 The State Council, or China’s Cabinet, has given its go-ahead to deepen a pilot reform in Shanghai’s Pudong New Area that aims to streamline administrative approvals and delegate power to lower levels, improve government services and push forward reforms in various areas.

 
The Shanghai government will further develop Pudong as a pilot area to separate operating permits and business licenses, according to a statement of the State Council.
 
The reform is to streamline administration and create a fair market environment, delegate power and strengthen regulations at the same time, improve government services, and crack down on problems affecting market access.
 
It is on the basis of consolidating and deepening the achievements of reforms, to effectively distinguish the respective functions of business licenses and operating permits authorized by various departments.
 
The pilot reforms will cut or simplify 47 approval items, after all of China’s free trade zones have separated operation permits from business licenses, and eased regulations on 116 businesses requiring approvals, according to the statement released by the State Council yesterday.
 
The 47 approval items cover 10 fields, including medical care, investment, construction and transportation as well as the supervision of quality inspections.
 
For instance, all requirements on production approval that do not concern industrial policies or product quality and safety will be canceled, while restrictions on private medical institutions will be eased, according to the statement.
 
Licensed maritime transport businesses between the Chinese mainland and Hong Kong, Macau or Taiwan are allowed to use ships that are leased as their own. Previously, maritime transport was restricted to ships fully owned by the companies. 
 
Also, the requirements of owned ships for international maritime transport companies are loosened in the same manner. 
 
Meanwhile, foreign-invested construction enterprises will be allowed to develop construction projects that were previously prohibited.
 
Foreign-invested architectural design companies are exempt from having to undergo background checks of their involvement in foreign projects. Foreign-invested architectural firms will be approved for business permits before having to submit required materials within a designated period.
 
The criteria will also be applied to domestic and inbound tourism companies, as well as to foreign-invested travel agencies.
 
The program also includes reforms affecting public transport, farm produce, medical instruments, health-care services and quality supervision.
 
The pilot reform program in Pudong will run for a year before expanding to the rest of Shanghai as well as to other regions.
 
In 2015, the Pudong New Area was approved by the State Council to launch a pilot project that allowed an enterprise to begin operation activities simply after getting a business license.
 
China has decided to promote Shanghai’s reform of separating business licenses and administrative approvals in 10 pilot free trade zones to improve business environment. 
 
Premier Li Keqiang, who chaired a State Council executive meeting concerning the reforms on January 17, called for more efforts to remove barriers to market access and lower transaction costs.
 
Accelerating administrative reform and promoting business registration reform are considered key measures to further lower the market access threshold, reduce institutional transaction costs and activate the vitality of entrepreneurship and innovation, Li said. The key to the reforms is to prevent red tape in the future and replace approvals with strict pre and post-supervision, the premier added.
 
 
 
Source: Shanghai Daily, February 13, 2018

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