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According to the statistics published by the customs, China’s total goods exports and imports amounted to 5.44 trillion yuan in the first two months of 2021, an increase of 32.2% year on year. Among them, exports were 3.06 trillion yuan, an increase of 50.1%, and imports were 2.38 trillion yuan, an increase of 14.5%. The trade surplus was 675.86 billion yuan, compared with a deficit of 43.3 billion yuan in the same period last year. In U.S. dollar terms, in the first two months of 2021, China’s total exports and imports expanded 41.2% year on year to 834.49 billion U.S. dollars. Among them, exports were 468.87 billion U.S. dollars, an increase of 60.6%, and imports were 365.62 billion U.S. dollars, an increase of 22.2%. The trade surplus was 103.25 billion U.S. dollars, compared with a deficit of 7.21 billion yuan in the same period last year.

In February, China’s exports and imports totaled 2.42 trillion yuan, an increase of 57%.Among them, exports were 1.33 trillion yuan, an increase of 139.5%, and imports were 1.09 trillion yuan, an increase of 10.3%. The trade surplus was 247.28 billion yuan, compared with a deficit of 426.65 billion yuan in the same period last year. In U.S. dollar terms, in February, China’s exports and imports amounted to 371.83 billion U.S. dollars, an increase of 67%. Among them, exports were 204.85 billion U.S. dollars, an increase of 154.9%, and imports were 166.98 billion U.S. dollars, an increase of 17.3%. The trade surplus was 37.87 billion U.S. dollars, compared with a deficit of 61.94 billion U.S. dollars in the same period last year.

1.Announcement of the General Administration of Customs (GAC), No. 16, 2021 (Announcement on the Relevant Matters regarding the Implementation of the Administrative Measures of the Customs of the Peoples Republic of China on Tax Reduction and Exemption for Imports and Exports)

The Administrative Measures of the Customs of the Peoples Republic of China on Tax Reduction and Exemption for Imports and Exports (GAC decree, No. 245, hereinafter referred to as the Measures) were issued on December 21, 2020 and shall come into force as of March 1, 2021. Detailed explanations of the relevant matters involved in the decree, such as the relevant dates, the tax exemption limits, and the lifting of supervision, are provided in the announcement. Please click the following link for more information.

http://www.customs.gov.cn/customs/302249/2480148/3556098/index.html

2.Notice on Issuing the Catalogue of Encouraged Industries in Hainan Free Trade Port (2020 Edition)

Approved by the State Council, the Catalogue of Encouraged Industries in Hainan Free Trade Port (2020 Edition) (hereinafter referred to as the Catalogue) is hereby issued to your province for your compliance and implementation. In the event that you cannot decide whether the main business of an enterprise is included in the Catalogue, the tax department or other departments of the province can consult the development and reform department of the province; for matters in the scope of the new offshore international trade, please consult the departments under the Ministry of Finance and the State Taxation Administration.

http://shanghai.chinatax.gov.cn/zcfw/zcfgk/jckss/202102/t457182.html

3.The Customs Tariff Commission of the State Council (CTCSC) published the Announcement on the Third Extension of Tariffs Exclusion List of U.S. Products Subject to Additional Tariffs on February 26 (CTCSC Announcement, No. 2 [[]2021]).

In accordance with the Announcement on the First Exclusion List of the Second Batch of U.S. Products Subject to Additional Tariffs (CTCSC Announcement, No. 3 [[]2020]), the first exclusion list of the second batch of the U.S. products subject to additional tariffs shall expire on February 27, 2021. CTCSC decided in accordance with the procedure to extend the extension period regulated in the CTCSC Announcement, No. 3 [[]2020] for 65 products. From February 28, 2021 to September 16, 2021, those 65 products shall continue to be exempt from the additional tariffs imposed as the retaliatory measures in response to the U.S. 301 measures.

http://www.gov.cn/zhengce/zhengceku/2021-02/26/content_5589068.htm

4.The Framework Agreement on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific officially came into force.

On February 21, 2021, the Framework Agreement on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific (hereinafter referred to as the Agreement), initiated by the United Nations Economic and Social Commission for Asia and the Pacific, officially came into force. This Agreement came into force for China, Azerbaijan, the Philippines, Iran and Bangladesh, the five founding parties that had finished their domestical approval processes. Armenia and Cambodia already signed the Agreement and are going through their domestical approval processes. At the same time, many countries are actively seeking to join the Agreement.

http://www.gov.cn/xinwen/2021-02/21/content_5588057.htm

5.Announcement of the Certification and Accreditation Administration (CNCA) on the Implementation Requirements for the Self-Declaration Evaluation Method of Compulsory Product Certification at the Time of Release of Relevant Revised Standards

For the purposes of further improving the self-declaration evaluation method of compulsory product certification (CCC certification), strengthening the subject liabilities of enterprises, and ensuring the orderly implementation of self-declaration when the standards on which the evaluation has relied on has been revised, in accordance with the Notice of CNCA on the Relevant Matters regarding the Compulsory Product Certification at the Time of Standard Revision (Guo Ren Ke Lian No. 18 [[]2005]), CNCA published the announcement on the relevant implementation requirements. The announcement shall come into force as of February 9, 2021. Relevant enterprises shall take notice of that.

http://www.cnca.gov.cn/zw/gg/gg2021/202102/t20210209_65034.shtml

6.Announcement of the National Medical Products Administration (NMPA) on Permitting Chongqing Medical Products Administration to Perform Import Record Keeping for Chemicals Imported for the First Time (No. 21, 2021)

In accordance with the Administrative Measures for the Import of Drugs, the Notice of the China Food and Drug Administration (CFDA) and General Administration of Customs (GAC) on Issuing the Principles and Standards for Establishing New Ports of Entry for Imported Drugs (Shi Yao Jian Yao Hua Guan No. 6 [[]2015]), the Notice of the General Office of CFDA and the General Office of GAC on Publishing the Evaluation Plan for Establishing New Ports of Entry for Imported Drugs (Shi Yao Jian Ban Yao Hua Guan No. 134 [[]2015]), the Notice of the Department of Comprehensive Affairs, Planning, and Finance Affairs of NMPA on Publishing the Evaluation Standards for Ports of Entry for Imported Drugs (Yao Jian Zong Yao Zhu No. 112 [[]2019]), and other relevant regulations, after on-the-spot evaluation and assessment, NMPA approved Chongqing Medical Products Administration’s application to perform import recording keeping for chemicals imported for the first time. Please refer to the announcement for details.

https://www.nmpa.gov.cn/xxgk/ggtg/qtggtg/20210207095351157.html

7.Announcement of the State Administration for Market Regulation (SAMR) on Soliciting Public Opinions on the Implementation Opinions of SAMR on Improving the Credit Repair Mechanism (Consultation Paper)

For the purpose of further deepening the construction of the credit system of market entities, the SAMR drafted the Implementation Opinions of SAMR on Improving the Credit Repair Mechanism (Consultation Paper) and is now soliciting public opinions.

http://www.samr.gov.cn/hd/zjdc/202102/t20210218_326136.html

8.Announcement of the State Administration for Market Regulation (SAMR) on Soliciting Public Opinions on the Provisions on the Publication of Information about Administrative Punishments Imposed by Administrative Authorities of Market Regulation (Consultation Paper on the Draft Amendment)

For the purposes of further regulating the publication of information about administrative punishments imposed by administrative authorities of market regulation and strengthening credit supervision and administration, SAMR drafted the Provisions on the Publication of Information about Administrative Punishments Imposed by Administrative Authorities of Market Regulation (Consultation Paper on the Draft Amendment) and is now soliciting public opinions.

http://www.samr.gov.cn/hd/zjdc/202102/t20210220_326171.html

9.Soliciting public opinions on the Conditions for Integrated Circuit Design, Equipment, Materials, Packaging and Testing Enterprises Encouraged by the State

For the purpose of implementing the relevant requirements of the Notice of the State Council on Publishing Several Policies on Promoting the Quality Development of the Integrated Circuit and Software Industries in the New Era (State Council No. 8 [[]2020]) and further optimizing the development environment of the integrated circuit industry, on the basis of a thorough survey and the soliciting of opinions of key enterprises and industry associations, the Electronic Information Department of the Ministry of Industry and Information Technology, together with other relevant departments, drafted the Conditions for Integrated Circuit Design, Equipment, Materials, Packaging and Testing Enterprises Encouraged by the State and are now soliciting public opinions.

https://www.miit.gov.cn/jgsj/dzs/gzdt/art/2021/art_3e738149b0294437b6a8fca7ffd841b8.html