E. China Fujian promotes construction of core area of 21st Century Maritime Silk Road -- East China's Fujian Province has recently released a plan to support innovation-driven development and build it into a core area of the 21st Century Maritime Silk Road. Under the plan, Fujian will encourage competent enterprises to establish or acquire overseas R&D centers, merge and reorganize overseas superior technology enterprises. The Province aims to foster 3,000 high-tech enterprises, 600 innovation-oriented enterprises, and 1,000 leading small- and medium-sized technology enterprises by 2020. Fujian will focus mainly on the fields such as new-generation IT, new materials, high-end equipment manufacturing, energy conservation and environmental protection, new energy, new energy vehicles, digital creativity, biology and medicine, marine high-tech, modern service industry, modern characteristic agriculture to cultivate a batch of new enterprises, according to the plan.
China to cut import tariffs for 1,449 taxable items of daily consumer goods -- China will cut most-favored-nation (MFN) tariffs for 1,449 taxable items of daily consumer goods starting July 1, from an average tariff rate of 15.7 percent to 6.9 percent, an official statement said on May 31. On average, the tariffs were cut by 55.9 percent, said the Customs Tariff Commission of the State Council. An MFN tariff is one that World Trade Organization (WTO) member countries promise to impose all of their trading partners who are also WTO members, unless the country is part of a preferential trade agreement. Due to the adjustment, MFN temporary duties for 210 taxable items of imported goods will be abolished, it said.
China issues stringent PV policies to promote healthy industry dev. -- The Chinese authorities have recently released the most stringent photovoltaic (PV) policies in an effort to promote healthy and orderly development of the PV industry. The country will suspend the issuance of ordinary ground power station quotas, limit the scale of distributed PVs, and reduce the on-grid power tariffs, according to a document jointly released by the National Development and Reform Commission (NDRC), the Ministry of Finance, and the National Energy Administration (NEA). The industry insiders note that the background of the new policies is the greater pressure from the PV subsidies, expecting that the new policies will stimulate the industry to further reduce development costs and develop to an unsubsidized model.
China tightens passenger transport safety -- China has released a management guideline to supervise passenger transport companies on safety and reduce risks. The guideline was jointly published recently by the Ministry of Transport, Ministry of Public security, and Ministry of Emergency Management. The guideline has rules focusing on safety education and management of drivers, risk management and control and examination on hidden dangers. Data shows that 55.8 percent of road accidents that caused more than 10 deaths from 2012 to 2017 involved passenger vehicles and tour coaches. Many of the accidents are caused by irresponsible companies which did not carry out safety checks.
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