Huan Zhu
China Finalizes Rules on Cybersecurity Review, With Implications for Overseas Listings
Yesterday, China updated its Measures on Cybersecurity Review. The update will replace the current rules and serve as the legal basis for ongoing and future cybersecurity reviews. The new rules make it clear that companies with large amounts of personal data must file a cybersecurity review when going public overseas,
China's White Paper on Export Controls Criticizes Discrimination and Calls for Normal Trade
China issued its first White Paper on its export control system, providing a full picture of its system, implementation and enforcement. It also criticized the abuse of export controls without naming any specific nation, and called for more international cooperation to ensure “normal international science and technology exchanges and economic
China Opens More to Foreign Investment, with Some Twists
On January 1, 2022, China's two updated negative lists for foreign investment came into effect. On paper, the shortened lists, with fewer sectors excluded from foreign investment, mean foreign investors are allowed to invest in more areas than before, with the auto and telecommunications manufacturing sectors being of
China Publishes List of Trade Remedy Cases Set to Expire
China’s Ministry of Commerce recently notified that three anti-dumping and countervailing measures are about to expire in the second half of this year. Unless the domestic industry or the agency initiates an expiry review, the measures will be terminated.
U.S. Treasury Lists Chinese Companies and Individual for Illicit Drugs
On December 15, the U.S. Treasury Department added one Chinese individual and
several Chinese companies to a designated list on the basis of their involvement
in illicit drug trade. The designated persons and related personnel would be
subject to sanctions, including blocking assets and denial of entrance into the
China Addresses Administrative Market Barriers
China's National Development and Reform Commission (NDRC) recently issued 18
cases of local governments creating market barriers to curb competition, and
stated that it will continue working with other agencies and third-parties to
launch investigations to ensure the negative list system is fully implemented.
The NDRC announcement, No.
China Plans to Adjust Some Tariffs on Imports and Exports
China's Customs Tariff Commission of the State Council recently announced a
series of tariff adjustments, including voluntary tariff reductions, tariff
reductions under trade agreements, and in the meantime tariff hikes for some
items.
According to the notice
[http://www.gov.cn/zhengce/zhengceku/2021-12/15/content_5660939.htm]