Foreign Investment Bulletin - July 2016

The State Council has issued the Decision of the State Council to Revise the Customs Audit Regulations of the People's Republic of China, providing various revisions including a provision for extending the time customs is allowed to audit imported goods which receive tax reductions or exemptions.

The Standing Committee of the Shanghai Municipal People's Congress passed the Rules for Advancing Construction of the International Shipping Center in Shanghai, to fully implement and carry out the national plan for construction of the Shanghai International Shipping Center.

Guangdong will issue 16 new measures – including 6 measures applicable to China (Guangdong) Pilot Free-Trade Zone and 10 measures applicable to whole Guangdong Province – to facilitate entry and exit, the stay and residence of top talents, entrepreneurs, overseas Chinese, foreign students, ordinary workers, and domestic workers, etc.