China
China arrests more than 1,000 Tibetans protesting Chinese dam project
Police on Friday arrested more than 1,000 Tibetans, including monks from at least two local monasteries, in southwestern China’s Sichuan province after they protested the construction of a dam expected to destroy six monasteries and force the relocation of two villages, two sources from inside Tibet told Radio Free Asia.
The arrested individuals – both monks and local residents – are being held in various places throughout Dege county in Kardze Tibetan Prefecture because the police do not have a single place to detain them, said the sources who requested anonymity for safety reasons.
Those arrested have been forced to bring their own bedding and tsampa – a staple food for Tibetans that can be used to sustain themselves for long periods of time, the sources said.
“That police are asking Tibetans to bring their own tsampa and bedding is a sign that they will not be released anytime soon,” one of the sources said.
On Thursday, Feb. 22, Chinese authorities deployed specially trained armed police in Kardze’s Upper Wonto village region to arrest more than 100 Tibetan monks from Wonto and Yena monasteries along with local residents, many of whom were beaten and injured, and later admitted to Dege County Hospital for medical treatment, sources said.
Citizen videos from Thursday, shared exclusively with RFA, show Chinese officials in black uniforms forcibly restraining monks, who can be heard crying out to stop the dam construction.
Following news of the mass arrests, many Tibetans from Upper Wonto village who work in other parts of the country returned to their hometown and visited the detention centers to call for the release of the arrested Tibetans, sources said. They, too, were arrested.
The Dege County Hospital did not immediately return RFA’s requests for comment.
The Chinese Embassy in Washington hasn’t commented on the arrests other than in a statement issued Thursday that said the country respects the rule of law.
“China protects the legitimate rights and interests of Chinese nationals in accordance with the law,” the statement said.
Massive dam project
The arrests followed days of protests and appeals by local Tibetans since Feb. 14 for China to stop the construction of the Gangtuo hydropower station.
RFA reported on Feb. 15 that at least 300 Tibetans gathered outside Dege County Town Hall to protest the building of the Gangtuo dam, which is part of a massive 13-tier hydropower complex on the Drichu River with a total planned capacity 13,920 megawatts.
The dam project is on the Drichu River, called Jinsha in Chinese, which is located on the upper reaches of the Yangtze, one of China’s most important waterways.
Local Tibetans have been particularly distraught that the construction of the hydropower station will result in the forced resettlement of two villages – Upper Wonto and Shipa villages – and six key monasteries in the area – Yena, Wonto, and Khardho in Wangbuding township in Dege county, and Rabten, Gonsar and Tashi in the Tibetan Autonomous Region, sources told RFA.
Sources on Friday also confirmed that some of the arrested monks with poor health conditions were allowed to return to their monasteries.
However, the monasteries – which include Wonto Monastery, known for its ancient murals dating back to the 13th century – remained desolate on the eve of Chotrul Duchen, or the Day of Miracles, which is commemorated on the 15th day of the first month of the Tibetan New Year, or Losar, and marks the celebration of a series of miracles performed by the Buddha.
“In the past, monks of Wonto Monastery would traditionally preside over large prayer gatherings and carry out all the religious activities,” said one of the sources. “This time, the monasteries are quiet and empty. … It’s very sad to see such monasteries of historical importance being prepared for destruction. The situation is the same at Yena Monastery.”
Protests elsewhere
Tibetans in exile have been holding mass demonstrations in various parts of the world, including in Dharamsala, India, home to the exiled Tibetan spiritual leader, the Dalai Lama.
In the past week, Tibetans have demonstrated before the Chinese embassies, including those in New York and Switzerland, with more such protests and solidarity campaigns planned in Canada and other countries.
“The events in Derge are an example of Beijing’s destructive policies in Tibet,” said Kai Müller, managing director of the International Campaign for Tibet, in a statement on Friday. “The Chinese regime tramples on the rights of Tibetans and ruthlessly and irretrievably destroys valuable Tibetan cultural assets.”
“Beijing’s development and infrastructure projects are not only a threat to Tibetans, but also to regional security, especially when it comes to water supplies to affected Asian countries,” he added.
Human Rights Watch told RFA that it is monitoring the development but that information from inside Tibet is extremely rare given China’s tight surveillance and restrictions imposed on information flow.
“People who send information out and videos like this face imprisonment and torture,” said Maya Wang, the group’s interim China director.
“Even calling families in the diaspora are reasons for imprisonment,” she said. “What we do see now are actually … typical scenes of repression in Tibet, but we don’t often get to see [what] repression looks like in Tibet anymore.”
Additional reporting by Pelbar, Yeshi Dawa, Tashi Wangchuk, Palden Gyal and Sonam Lhamo for RFA Tibetan. Edited by Roseanne Gerin and Malcolm Foster.
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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.
China
Q1 2024 Brief on Transfer Pricing in Asia
Indonesia’s Ministry of Finance released Regulation No. 172 of 2023 on transfer pricing, consolidating various guidelines. The Directorate General of Taxes focuses on compliance, expanded arm’s length principle, and substance checks. Singapore’s Budget 2024 addresses economic challenges, operational costs, and sustainability, implementing global tax reforms like the Income Inclusion Rule and Domestic Top-up Tax.
Indonesia’s Ministry of Finance (MoF) has released Regulation No. 172 of 2023 (“PMK-172”), which prevails as a unified transfer pricing guideline. PMK-172 consolidates various transfer pricing matters that were previously covered under separate regulations, including the application of the arm’s length principle, transfer pricing documentation requirements, transfer pricing adjustments, Mutual Agreement Procedure (“MAP”), and Advance Pricing Agreements (“APA”).
The Indonesian Directorate General of Taxes (DGT) has continued to focus on compliance with the ex-ante principle, the expanded scope of transactions subject to the arm’s length principle, and the reinforcement of substance checks as part of the preliminary stage, indicating the DGT’s expectation of meticulous and well-supported transfer pricing analyses conducted by taxpayers.
In conclusion, PMK-172 reflects the Indonesian government’s commitment to addressing some of the most controversial transfer pricing issues and promoting clarity and certainty. While it brings new opportunities, it also presents challenges. Taxpayers are strongly advised to evaluate the implications of these new guidelines on their businesses in Indonesia to navigate this transformative regulatory landscape successfully.
In a significant move to bolster economic resilience and sustainability, Singapore’s Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, unveiled the ambitious Singapore Budget 2024 on February 16, 2024. Amidst global economic fluctuations and a pressing climate crisis, the Budget strategically addresses the dual challenges of rising operational costs and the imperative for sustainable development, marking a pivotal step towards fortifying Singapore’s position as a competitive and green economy.
In anticipation of global tax reforms, Singapore’s proactive steps to implement the Income Inclusion Rule (IIR) and Domestic Top-up Tax (DTT) under the BEPS 2.0 framework demonstrate a forward-looking approach to ensure tax compliance and fairness. These measures reaffirm Singapore’s commitment to international tax standards while safeguarding its economic interests.
Transfer pricing highlights from the Singapore Budget 2024 include:
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.
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- 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
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