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*** CHINA BUSINESS NEWS *** CHINA SERVICE TRADE INDUSTRY China introduced its first negative list for cross-border service trade at the Hainan Free Trade Port in 2021, specifying that domestic and overseas service providers should enjoy equal access in sectors not on this list. Thanks to the pro-trade policy, the southern Chinese island province saw its service trade volume climb 29.6 percent year on year in 2023. In March of this year, the government rolled out national and pilot free trade zone versions of negative lists for cross-border trade in services, marking the establishment of a multi-tiered opening-up system for the field across the country. #ChinaTrade #CrossBorderTrade #FreeTradeZone #ServiceIndustry #HainanFreeTradePort #GlobalBusiness #TradePolicy #ChinaEconomy ZERO TARIFF China announces zero-tariff treatment for least developed countries #ZeroTariff #TradePolicy #DevelopingCountries #ChinaTrade #GlobalEconomy #InternationalTrade #EconomicDevelopment CHINA - DUBAI the Dubai International Chamber has opened three overseas offices in China: Shanghai, Shenzhen, and Hong Kong, the highest number of offices in any single country. #ChinaDubaiRelations #GlobalBusiness #TradeExpansion #DubaiChamber #ChinaBusiness #InternationalTrade #BusinessGrowth #UAEChina

CHINA BUSINESS NEWS *** CHINA - NORWAY *** Chinese President Xi Jinping met with Norwegian Prime Minister Jonas Gahr Store. Xi called on the two sides to expand practical cooperation in fields such as environmental protection, energy transformation, maritime affairs and shipping, agricultural and fishery products, and electric vehicles. He also called for intensified exchanges of personnel and strengthened cooperation in such areas as education, culture, tourism and winter sports. #ChinaNorwayRelations #EnvironmentalProtection #EnergyTransformation #MaritimeAffairs #ElectricVehicles #CulturalExchange #SustainableDevelopment #WinterSports *** CHINA - SPAIN *** Chinese Premier Li Qiang held talks with Spanish Prime Minister Pedro Sanchez. Li said that China is ready to work with Spain to focus on green development and innovation, and strengthen cooperation in new energy, energy conservation, environmental protection, the digital economy and space. #ChinaSpainRelations #GreenDevelopment #NewEnergy #EnvironmentalProtection #DigitalEconomy #Innovation #SustainablePartnership #SpaceTechnology *** CHINA NEVs (New Energy Vehicles) *** In July, the retail penetration rate of NEVs in China exceeded 50 percent for the first time, reaching 51.1 percent. This milestone marks a shift in the Chinese automotive market, with NEVs officially surpassing traditional fuel-powered. #ChinaAutomotiveMarket #GreenMobility #SustainableTransportation #NEVRevolution #FutureOfMobility #CleanEnergy

*** CHINE BUSINESS NEWS *** CHINA-EUROPE RAILWAY The Shandong China-Europe Express Railway Assembly Center was inaugurated in Indjija, a town located some 50 kilometers northwest of Belgrade. #ChinaEuropeRailway #LogisticsHub #BeltAndRoadInitiative #TradeDevelopment #GlobalTrade CHINA FOREIGN INVESTMENTS Restrictions on foreign investment in the manufacturing sector will be lifted with the release of the 2024 version of the negative list for foreign investment access. The negative list, effective Nov. 1, reduces the number of restrictions from 31 to 29, achieving zero restrictions on the manufacturing sector.   #ForeignInvestment #ChinaManufacturing #InvestmentOpportunities #ChinaTrade #ChinaBusinessRegulations CHINA HEALTHCARE China plans to allow the establishment of wholly foreign-owned hospitals in Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen and throughout the island of Hainan. Foreign-invested enterprises are also allowed to carry out the development and application of technologies relating to human stem cells and gene diagnosis and treatment in the pilot free-trade zones in Beijing, Shanghai and Guangdong, as well as in the Hainan Free Trade Port, for the registration, launch and production of relevant products.   #ChinaHealthcare #ForeignInvestment #HealthcareInnovation #StemCellResearch #GeneTherapy #FreeTradeZones

CHINA BUSINESS NEWS **INDUSTRY CLUSTER:** Chongqing, a megacity in Southwest China, plans to build a 100-billion-yuan ($14.06 billion) aerospace information industry cluster by 2027 to address the governance needs of large urban centers._ #Chongqing #AerospaceIndustry #UrbanDevelopment #ChinaInnovation #TechGrowth #SmartCities **HEALTHCARE:** China will apply exemptions on import tariffs and value-added tax for eligible drugs and medical devices in the Boao Lecheng International Medical Tourism Pilot Zone in Hainan Province, before 2025. The policy applies to medical institutions, medical education colleges and universities, and pharmaceutical research institutes registered and recognized with independent legal person status in the pilot zone. #Healthcare #ChinaHealthcare #MedicalTourism #Hainan #TaxExemptions #Pharmaceuticals #HealthcareInnovation #MedicalDevices **INVESTMENT:** Shanghai government announced the establishment of a 10-billion-yuan (about 1.41 billion U.S. dollars) fund to nurture future industries - a key step as Shanghai continues its rapid ascent to becoming a global hub for scientific and technological innovation._ #Investment #Shanghai #FutureIndustries #TechInnovation #ScientificResearch #ChinaEconomy #GlobalHub #Innovation

*** CHINA BUSINESS NEWS *** TRADE FAIRS China International Fair for Trade in Services (CIFTIS) serves as an important platform for deepening international cooperation. More than 80 countries and international organizations will hold exhibitions at the fair, with 13 of them, including Portugal and the Food and Agriculture Organization of the United Nations holding independent offline exhibitions for the first time. France is guest of honor and a special national pavilion is built to celebrate the 60th anniversary of the establishment of diplomatic ties between China and France. #CIFTIS #TradeFairs #InternationalCooperation #ChinaTrade #GlobalTrade #FranceChinaRelations #Portugal #FoodAndAgriculture CHINA-AFRICA China signs tax treaties with 21 African countries #ChinaAfrica #TaxTreaties #InternationalTrade #EconomicPartnership #ChinaAfricaRelations #GlobalEconomy #TradeAgreements CHINA-CANADA China announces probes over Canada's tariff hike over certain products #ChinaCanada #TradeDisputes #TariffHike #TradeRelations #InternationalTrade #GlobalEconomics #China

CHINA BUSINESS NEWS: BIG DATA: The China International Big Data Industry Expo 2024 held in Guiyang has attracted over 21,000 guests and secured the participation of 414 domestic and international companies. Participants included domestic industry leaders such as Huawei, Alibaba, Tencent, Baidu and JD.com, as well as 77 overseas companies from more than 30 countries and regions, including the United States, Germany and Canada. #BigData #DataIndustry #ChinaTech #DigitalTransformation #Huawei #Alibaba #Tencent #Baidu #JDcom #GlobalTech --- FTA: China to apply tariff rates agreed in FTA early harvest arrangement on certain imports from Honduras #FTA #TradeAgreement #ChinaTrade #Honduras #GlobalTrade #Tariffs #InternationalTrade #Economics --- GERMANY-CHINA: Northeast China, with its robust industrial foundation, has drawn numerous multinational companies to seek investment or expand their investments in the region in various sectors: In April, German automaker BMW announced an additional investment of 20 billion yuan to localize the manufacturing of a new generation of BMW models by 2026 at its production base in Shenyang, capital of Liaoning. German automaker Audi established its first Chinese factory dedicated to producing pure electric vehicles in Changchun, capital of Jilin. With an expected investment exceeding 35 billion yuan, the factory is scheduled to commence production by the end of the year. In July, German automotive parts supplier Vitesco Technologies commenced serial production of its battery management electronics in Changchun. Last August, Vitesco inaugurated a new research center covering nearly 8,000 square meters, housing 500 researchers, and featuring 12 laboratories in Changchun. #ChinaGermanyRelations #AutomotiveIndustry #BMW #Audi #VitescoTechnologies #ElectricVehicles #Investment #IndustrialDevelopment #Changchun #Shenyang #Liaoning #Jilin

CHINA TRADE NEWS 1. HICOOL 2024 Global Entrepreneur Summit opens in Beijing. #HICOOL2024, #GlobalEntrepreneurSummit #BeijingInnovation #Entrepreneurship 2. To date, Chinese public security authorities have issued a total of 16,000 test licenses for autonomous vehicles, and 32,000 kilometers of roads nationwide have been opened for autonomous vehicle testing. #AutonomousVehicles #ChinaTechnology #Innovation #SmartMobility 3. The Beijing Zhongguancun comprehensive bonded zone, the first in China featuring research and development (R&D) and innovation, started operation on Wednesday #Zhongguancun #ChinaInnovation #R&D #TechDevelopment

CHINA BUSINESS NEWS - China has so far signed 22 free trade agreements with 29 countries and regions, accounting for a third of its foreign trade. When establishing new FTAs, China will expand the tariff-free product list, further open the telecom, medical care and tourism sectors, and include rules involving the digital economy, the green economy, intellectual property rights, and mutual recognition of standards. To align with high-standard international economic and trade rules, the country will advance reforms in property rights protection, industrial subsidies, environmental protection, labor protection, government procurement, e-commerce, the financial sector, and other areas, she added. - Shanghai hosts its 1st international cruise festival - 5th Qingdao Multinationals Summit set to open on Aug. 27 Here are some LinkedIn hashtags for your post: #ChinaTrade #FreeTradeAgreements #DigitalEconomy #GreenEconomy #IntellectualProperty #EconomicReforms #Shanghai #Qingdao #InternationalTrade #GlobalEconomy #ECommerce #FinancialSector #Sustainability #TradeReforms

CHINA TRADE NEWS - Intellectual Property: In the first half of this year, foreign applicants filed 78,000 invention patent applications in China, marking year-on-year growth of 13.1 percent. Among them, Japan accounted for the highest number, followed by the United States and the Republic of Korea. Meanwhile, the number of valid foreign invention patents and registered trademarks in China by the end of June 2024 also showed year-on-year increases of 3.9 percent and 3.8 percent, respectively. - China trade promotion agency inaugurates new office in Washington D.C., U.S.A.

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