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News from China
New rules on cross-border e-trade mulled
23rd March 2016

 THE Ministry of Commerce yesterday said it is seeking opinion from the public on cross-border e-commerce trade in an effort to strengthen regulations in the booming sector.

The draft version of the “Business Services Specification for Cross-border Commodity E-commerce” was posted on the ministry’s website. It stipulates specific rules that online sellers have to observe in the event of compensations or refunds demanded by buyers. Sellers will also be responsible for the quality and services of the products sold on their platforms and should provide the buyer with relevant new parts or equipment in case the sold products malfunctions. The losses incurred by the buyer would be compensated by online sellers.

The quality guarantee period will also be extended.

Online sellers will also draw up contracts with the buyer for the products as well as for their deliveries.

The trade platforms would also manage the transaction information and relevant personal information in a securely and encrypted manner and shall not disclose these information unless under proper authorization.

The draft will be available for the public’s response until May 31.

The rules for mobile e-commerce were also released yesterday.

Source: Shanghai Daily, March 23, 2016
China clarifies new five-year plan at key forum
22nd March 2016
 Chinese policymakers illustrated how to carry out the newly released 13th Five-Year Plan, showing confidence on sustained growth in the next five years at a forum.
The two-day China Development Forum, which ended here on Monday, was an annual event initiated by the Development Research Center of the State Council, a government think tank, in 2000.
It was eye-catching this year as 2016 is the start of the plan, having attracted not only officials, academics and entrepreneurs, but also heads of international organizations such as IMF managing director Christine Lagarde and leaders of heavyweight companies such as Facebook.
Source: Xinhua
Police officer shot dead while on patrol in Yunnan
21st March 2016

 AN armed police officer in southwest China’s Yunnan Province was shot dead earlier this month while on patrol.

No one has been apprehended, but police said they think the killing was drug related.

Yang Jungang, chief of the border patrol team of Jiangcheng County, which borders Vietnam and Laos, was shot dead on March 7 while on patrol in the rural Kangping Township.

While making their rounds in the Kangping Township, Yang and his colleagues spotted three men acting suspiciously. When the officers approached them, the three fled the scene on foot.

At the same time, a fourth, unseen, person began firing at the police. Yang was shot in the chest and abdomen. The four suspects have yet to be identified and are still on the run.

Yang survived a shooting last July while working undercover trying to infiltrate a gang of drugs traffickers, according to his college Mao Zhiguo.

“He got lucky that time, but this time he wasn’t prepared for it,” he said.

The rapid rise in gun crime, especially related to drugs cases, has meant police officers are becoming increasingly at risk.

In the past five years, “at least” six officers have died, while 95 others have been injured, according to the Border Patrol Brigade of the Yunnan police.

Last year, the brigade tackled about 2,000 drug cases, detained 2,000 suspects and seized 9 tons of narcotics.

“At least” 13 drug crimes involved the use of guns, said Li Yong, its chief of staff.

“Suspects often react violently, using weapons like knives and guns, putting lives in danger,” he said.

The brigade is exploring new way to keep its officers safe, he said.

Yunnan has some of the highest drug-related crime in China due to it being a local production base and its proximity to the opium-growing region of neighboring countries.

Source: Shanghai Daily,March 21,2016
China's home prices continue to rise
18th March 2016

China's housing market continued to warm in February, with more than half of surveyed major cities reporting month-on-month rises in new home prices.

Of the 70 large and medium-sized cities surveyed in February, new home prices climbed month on month in 47, up from 38 the previous month, the National Bureau of Statistics (NBS) said Friday.

Meanwhile, 15 reported month-on-month price declines, down from 24 in January, according to NBS data.

On a yearly basis, 32 cities posted new-home price increases and 37 reported falls, compared with 25 and 45 in January.

New-home prices soared 57.8 percent year on year in the southern city of Shenzhen, the sharpest increase last month among all major cities, followed by Shanghai and Beijing, where prices surged 25.1 percent and 14.2 percent year on year. Northeastern city of Dandong registered the steepest price decline, dropping by 3.9 percent.

Prices for existing homes also warmed up last month, with 34 cities reporting higher month-on-month prices and 28 reporting lower prices.

China's property market started to recover in the second half of 2015 after cooling for more than a year, boosted by government support measures, including interest rate cuts and lower deposit requirements.

Last month, taxes on some property transactions were slashed and further reductions to the minimum downpayments for first- and second-time home buyers were announced.

Source: Xinhua

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