Huan Zhu
MOFCOM Officials Talk Trade and Investment Policies in 2022
During a recent press conference, MOFCOM officials said China's economy faces strong headwinds and they will take measures to continue to lure more foreign investment into China and facilitate China's trade with the rest of the world.
China Issues New Rules for Gene-Edited Crops and GMOs, Paving the Path for Commercialization
China's Ministry of Agriculture and Rural Affairs (MARA) recently issued the provisional rules for gene-edited plants for agricultural purposes. In addition, the MARA finalized some changes to regulations governing genetically modified organisms (GMOs). These changes have been seen as signs of China moving closer to allowing commercial
Chinese Courts Invalidate Bitcoin Related Contracts
As China moves to strict regulatory rules on bitcoin, Chinese courts are finding bitcoin-related contracts and transactions illegal. This posts summarizes some of the court rulings and related legal bases for these decisions.
“Opening Up Is Inevitable Choice” for China, Says Chinese Commerce Minister, Aiming at More Progress in Agriculture, Manufacturing, Telecom and Medical Care
China's Minister of Commerce Wang Wentao recently wrote an article emphasizing the importance of opening up and international cooperation. He also said China will push for fully opening the agriculture and manufacturing sectors and gradually opening telecommunications and medical care.
FDI in China Reached a Record High in 2021; Will It Continue in 2022?
The Chinese Ministry of Commerce said on January 13 that foreign direct investment into the Chinese mainland reached a record high of 1.15 trillion yuan ($173.48 billion) last year, and promised efforts to attract more FDI in the new year. How effective such efforts will be depends in
China Releases 2021 Trade Data, Surpassing $6 Trillion in Total Trade For the First Time
On January 14, China's General Administration of Customs (GACC) released its trade data for 2021. China's total trade in 2021 reached a record high 6.05 trillion USD, while its trade surplus also broke the record and amounted to $676.4 billion USD. Along with the
China Suspends Certain Imports from Slovenia and Palestine Due to Sanitary Concerns
According to China's Customs agency, China is suspending imports of poultry products from Slovenia and cloven hoofed animal products from Palestine, citing sanitary concerns.