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The new General Import and Export Duties Law (LIGIE) recently entered into force, updating the General Import and Export Tariff Code by removing more than 4,000 obsolete tariff items, consolidating the existing tariff items and introducing new tariff items for newly created goods. The new LIGIE also implements the Sixth Amendment to the Harmonised System established by the World Customs Organisation and introduces a commercial identification number.

From January to November, China's industrial enterprises above designated size achieved a total profit of 5,744.5 billion yuan, a year-on-year increase of 2.4 percent (according to the comparable caliber, see Note 2 for details), and the growth rate was 1.7 percentage points higher than that from January to October.   From January to November, among the industrial enterprises above designated size, the total profits of state-owned holding enterprises were 1445.69 billion yuan, down 4.9 percent year on year; the total profits of joint-stock enterprises were 4,058.01 billion yuan, up 2.3 perce...