China
Available: Chinese Tech for Putting Down Protests
To get an idea of how well-equipped China is to prevent mass anti-government protests, you need only look at some of the security equipment that was being touted by Chinese companies at this week’s IDEX arms fair in Abu Dhabi. When China’s leaders crushed pro-democracy protests around Tiananmen Square in 1989, they sent in the army with tanks and live ammunition. These days, they would have many other ways of dispersing such crowds – or preventing them forming in the first place. Chinese companies are now producing advanced surveillance, crowd control and other security equipment – some of it modeled on U.S. technology developed during the wars in Iraq and Afghanistan — and are starting to sell it around the world. Among the Chinese firms advertising their wares at IDEX were several offering counter-terrorism and public security equipment, according to National Defense Magazine’s blog post on the exhibition. The products ranged from body armor, riot shields and armored vehicles, to sniper detection devices, explosives scanners and – perhaps most importantly in this age of tech savvy trouble makers — mobile telephone and Internet jamming equipment. One of the Chinese companies at the exhibition was CETC International, which was founded in 2002 and now says it supplies several Chinese government agencies, as well as exporting to dozens of foreign countries. Under “Anti-terrorism and Security Products”, the company’s website lists jamming devices, surveillance drones, 360 degree cameras and command and control systems, some of which, it proudly claims, were used during the 2008 Beijing Olympics. It also advertises what it calls “ Directed High-intensity Acoustic Low-lethal Weapons for Police , ” a sound-based crowd-control device that appears similar to the sonic weapon more conventionally known as a long range acoustic device (or LRAD ). “Strong noise weapons are used to converge certain audible noise into high-intensity sounds to achieve long-distance spread of sound energy,” it says. “At the same time, by stimulating the human hearing sense, internal organs and central nervous system and other organs, it can weaken or destroy the mobs hearing effectiveness so as to control the sitnation (sic).” (See video explaining LRADs, which have been used by the U.S. military, here ) CETC International, whose mission is to “Dedicate to the Motherland, Contribute to the Society, Serve the Customers” according to its website, is the export arm of the state-run China Electronics Technology Corp and notched up foreign sales of $1.2 billion in 2009, according to state media. Neither its website nor state media give many details about those sales – and none appear to have been made public at IDEX — but the company seems to have identified the most likely potential foreign customers. According to its web site, it has overseas branches in the following countries: Algeria, Egypt, Morocco, Angola, Sudan, Saudi Arabia, Pakistan, Thailand, Myanmar, Syria, Ecuador, Peru and Venezuela. – Jeremy Page
To get an idea of how well-equipped China is to prevent mass anti-government protests, you need only look at some of the security equipment that was being touted by Chinese companies at this week’s IDEX arms fair in Abu Dhabi. When China’s leaders crushed pro-democracy protests around Tiananmen Square in 1989, they sent in the army with tanks and live ammunition. These days, they would have many other ways of dispersing such crowds – or preventing them forming in the first place. Chinese companies are now producing advanced surveillance, crowd control and other security equipment – some of it modeled on U.S. technology developed during the wars in Iraq and Afghanistan — and are starting to sell it around the world. Among the Chinese firms advertising their wares at IDEX were several offering counter-terrorism and public security equipment, according to National Defense Magazine’s blog post on the exhibition. The products ranged from body armor, riot shields and armored vehicles, to sniper detection devices, explosives scanners and – perhaps most importantly in this age of tech savvy trouble makers — mobile telephone and Internet jamming equipment. One of the Chinese companies at the exhibition was CETC International, which was founded in 2002 and now says it supplies several Chinese government agencies, as well as exporting to dozens of foreign countries. Under “Anti-terrorism and Security Products”, the company’s website lists jamming devices, surveillance drones, 360 degree cameras and command and control systems, some of which, it proudly claims, were used during the 2008 Beijing Olympics. It also advertises what it calls “ Directed High-intensity Acoustic Low-lethal Weapons for Police , ” a sound-based crowd-control device that appears similar to the sonic weapon more conventionally known as a long range acoustic device (or LRAD ). “Strong noise weapons are used to converge certain audible noise into high-intensity sounds to achieve long-distance spread of sound energy,” it says. “At the same time, by stimulating the human hearing sense, internal organs and central nervous system and other organs, it can weaken or destroy the mobs hearing effectiveness so as to control the sitnation (sic).” (See video explaining LRADs, which have been used by the U.S. military, here ) CETC International, whose mission is to “Dedicate to the Motherland, Contribute to the Society, Serve the Customers” according to its website, is the export arm of the state-run China Electronics Technology Corp and notched up foreign sales of $1.2 billion in 2009, according to state media. Neither its website nor state media give many details about those sales – and none appear to have been made public at IDEX — but the company seems to have identified the most likely potential foreign customers. According to its web site, it has overseas branches in the following countries: Algeria, Egypt, Morocco, Angola, Sudan, Saudi Arabia, Pakistan, Thailand, Myanmar, Syria, Ecuador, Peru and Venezuela. – Jeremy Page
Continued here:
Available: Chinese Tech for Putting Down Protests
China
2024 Tax Incentives for Manufacturing Companies in China
China offers various tax incentives to boost the manufacturing industry. The Ministry of Finance and State Tax Administration provide guidelines on eligibility and policies. VAT exemptions and refunds are available for companies producing specific goods or services, with a monthly refund option for deferred taxes.
China implements a wide range of preferential tax policies to encourage the development of the country’s manufacturing industry. We summarize some of the main manufacturing tax incentives in China and explain the basic eligibility requirements that companies must meet to enjoy them.
China’s Ministry of Finance (MOF) and State Tax Administration (STA) have released guidelines on the main preferential tax and fee policies available to the manufacturing industry in China. The guidelines consolidate the main preferential policies currently in force and explain the main eligibility requirements to enjoy them.
To further assist companies in identifying the preferential policies available to them, we have outlined some of the main policies currently available in the manufacturing industry, including links to further resources.
For instance, VAT is exempted for:
Companies providing the following products and services can enjoy immediate VAT refunds:
Companies in the manufacturing industry that meet the conditions for deferring tax refunds can enjoy a VAT credit refund policy. The policy allows companies to receive the accumulated deferred tax amount every month and the remaining deferred tax amount in a lump sum.
The policy is not exclusive to the manufacturing industry and is also available to companies in scientific research and technical services, utilities production and supply, software and IT services, and many more.
This article is republished from China Briefing. Read the rest of the original article.
China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at china@dezshira.com.
China
Exploring the Revamped China Certified Emission Reduction (CCER) Program: Potential Benefits for International Businesses
Companies in China must navigate compliance, trading, and reporting within the CCER framework, impacting operations and strategic objectives. The program focuses on afforestation, solar, wind power, and mangrove creation, offering opportunities for innovation and revenue streams while ensuring transparency and accuracy. The Ministry of Ecology and Environment oversees the program.
As companies navigate the complexities of compliance, trading, and reporting within the CCER framework, they must also contend with the broader implications for their operations, finances, and strategic objectives.
This article explores the multifaceted impact of the CCER program on companies operating in China, examining both the opportunities for innovation and growth, as well as the potential risks and compliance considerations.
Initially, the CCER will focus on four sectors: afforestation, solar thermal power, offshore wind power, and mangrove vegetation creation. Companies operating within these sectors can register their accredited carbon reduction credits in the CCER system for trading purposes. These sectors were chosen due to their reliance on carbon credit sales for profitability. For instance, offshore wind power generation, as more costly than onshore alternatives, stands to benefit from additional revenue streams facilitated by CCER transactions.
Currently, primary buyers are expected to be high-emission enterprises seeking to offset their excess emissions and companies aiming to demonstrate corporate social responsibility by contributing to environmental conservation. Eventually, the program aims to allow individuals to purchase credits to offset their carbon footprints. Unlike the mandatory national ETS, the revamped CCER scheme permits any enterprise to buy carbon credits, thereby expanding the market scope.
The Ministry of Ecology and Environment (MEE) oversees the CCER program, having assumed responsibility for climate change initiatives from the National Development and Reform Commission (NDRC) in 2018. Verification agencies and project operators are mandated to ensure transparency and accuracy in disclosing project details and carbon reduction practices.
On the second day after the launch on January 23, the first transaction in China’s voluntary carbon market saw the China National Offshore Oil Corporation (CNOOC), the country’s largest offshore oil and gas producer, purchase 250,000 tons of carbon credits to offset its emissions.
This article is republished from China Briefing. Read the rest of the original article.
China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at china@dezshira.com.
China
China Implements New Policies to Boost Foreign Investment in Science and Technology Companies
China’s Ministry of Commerce announced new policy measures on April 19, 2023, to encourage foreign investment in the technology sector. The measures include facilitating bond issuance, improving the investment environment, and simplifying procedures for foreign institutions to access the Chinese market.
On April 19, 2023, China’s Ministry of Commerce (MOFCOM) along with nine other departments announced a new set of policy measures (hereinafter, “new measures”) aimed at encouraging foreign investment in its technology sector.
Among the new measures, China intends to facilitate the issuance of RMB bonds by eligible overseas institutions and encourage both domestic and foreign-invested tech companies to raise funds through bond issuance.
In this article, we offer an overview of the new measures and their broader significance in fostering international investment and driving innovation-driven growth, underscoring China’s efforts to instill confidence among foreign investors.
The new measures contain a total of sixteen points aimed at facilitating foreign investment in China’s technology sector and improving the overall investment environment.
Divided into four main chapters, the new measures address key aspects including:
Firstly, China aims to expedite the approval process for QFII and RQFII, ensuring efficient access to the Chinese market. Moreover, the government promises to simplify procedures, facilitating operational activities and fund management for foreign institutions.
This article is republished from China Briefing. Read the rest of the original article.
China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at china@dezshira.com.
- 2024 Tax Incentives for Manufacturing Companies in China
- Exploring the Revamped China Certified Emission Reduction (CCER) Program: Potential Benefits for International Businesses
- China Implements New Policies to Boost Foreign Investment in Science and Technology Companies
- Q1 2024 Brief on Transfer Pricing in Asia
- New Report from Dezan Shira & Associates: China Takes the Lead in Emerging Asia Manufacturing Index 2024
- Is journalist Vicky Xu preparing to return to China?
