2021-01-21 03:24:47 GMT2021-01-21 11:24:47(Beijing Time) Xinhua English
BEIJING, Jan. 20 (Xinhua) There may be more changes to China s business environment than you thought.
Over the past years, China has shortened negative lists for market access, attracting more international brands to enter the world s largest consumer market. The ceiling of statutory damages of intellectual property rights (IPR) infringement was raised higher, and the country s overall tariff level was lowered. These moves help stabilize foreign enterprises confidence and investment.
Figures speak for themselves. Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.2 percent year on year to a record high of 999.98 billion yuan in 2020. In U.S. dollar terms, the inflow went up 4.5 percent year on year to 144.37 billion dollars, the Ministry of Commerce (MOC) said Wednesday.
BEIJING, Jan. 20 (Xinhua) There may be more changes to China business environment than you thought. Over the past years, China has shortened negative lists f
China s financial hub wants to be global AI powerhouse By He Wei in Shanghai | China Daily | Updated: 2021-01-14 07:26 Share CLOSE
New generation supercomputing center to offer highly customized integrated solution
Editor s Note:
Shanghai s economy remained resilient despite the COVID-19 impact. To further unleash its enormous development potential, Shanghai launched 64 major projects with a combined investment of 273.4 billion yuan ($42.2 billion) on the first working day of 2021, covering sectors like scientific and technological innovation, infrastructure and people s livelihoods. Here are some key projects identified for different fields.
Shanghai is expected to host an artificial intelligence-backed super computing platform by next year as the city pushes to use the technology for industry empowerment and urban management.
2 charts show China s shortfall in buying U.S. goods under the phase one trade deal CNBC 12/24/2020 Yen Nee Lee
China remains far from meeting its committed purchases of U.S. goods under the phase one trade deal, data compiled by think tank Peterson Institute for International Economics showed.
Between January and November this year, China bought $82 billion of U.S. goods just over half of the targeted $159 billion for the whole of 2020, said PIIE, referencing latest U.S. trade data.
China has made the least progress in buying U.S. energy products, while it is the closest to meeting the targeted amount of agricultural goods, the data showed.
de minimis amount of US-origin controlled content
certain foreign-made direct products of US-origin technology or software
certain commodities produced by any plant or major component of a plant located outside the United States that is a direct product of US-origin technology or software
Exports to designated entities will not be eligible for any license exceptions under the EAR, and license applications for exports to these entities will be subject to a policy of denial with few exceptions.
The Final Rule contains a “savings clause” that authorizes affected shipments to the newly designated entities, provided they were shipped prior to December 18, 2020 and are