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Online traders to enjoy more relaxed regulation

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The Guangdong government is planning to relax restrictions on the registration of online stores.

A proposal by the provincial administrative agency for industry and commerce will allow online store owners to use their residences as business premises when they apply for a license.

yiwu student internet trader

Students at Yiwu Industrial and Commercial College in Zhejiang province turn their dormitory into a warehouse to stockpile products they sell online. A growing number of students in China are setting up online businesses in the fast-growing sector. [Provided to China Daily]

It will not be compulsory for Guangdong residents to register their online stores if they want to run the businesses as individuals. Instead, they just need to go through the online trading platform’s real-name registration procedures.

However, only a limited number of online store owners seem willing to go to the trouble to gather certificates and fill in application forms.

“I wouldn’t have opened an online store if I had to handle the complicated procedures. I make a profit of just 1,000 yuan ($158) to 2,000 yuan per month. It’s not worth the headache,” said Zou Xuan. The 25-year-old engineer working in Guangzhou runs an online store to sell shoes and clothes in his spare time.

He just needed to type in his name and ID number for the online trading platform to be verified by the National Citizen Identity Information Center before he put his goods on sale.

“Besides, I will have to hand in financial reports to the government after getting my online store registered. I may face taxation then,” Zou admitted.

None of the online store owners Zou knows have registered their online stores or filed tax returns.

“Most online store owners are running small businesses. It will be an unprofitable business if we have to pay tax.”

Zhang Yanlai, a lawyer from Zhejiang Brighteous Law Firm and a member of Policy and Law Committee of China Electronic Commerce Association, admitted that it is difficult for the government to tax an online store that hasn’t registered with the administrative agency of industry and commerce.

“People take up e-commerce mostly because of convenience and low cost and the majority of them still run on a shoestring. Therefore, the government is cautious about making registration compulsory and issuing specific taxation rules concerning online stores,” said Zhang.

“But the government has been discussing these issues to offer e-commerce and orderly market for its sustainable development.”

By relaxing registration for online stores, the Guangdong government is also encouraging people to get their stores registered so that the government can better regulate the ever-expanding e-commerce market.

According to the 2011 annual report by Alipay, the most popular online payment platform in China, 14.2 percent of the money spent nationwide was spent by Guangdong users, a share bigger than any other province.

Yet shady online shopping was listed by the Guangdong Consumers’ Committee as one of the 10 biggest headaches for consumers in 2011.

“It’s easier for administrative agencies to keep track of an online store’s integrity by carrying out yearly checks on registered stores than relying on reports from consumers to detect problems of those that are unregistered,” said Hu Yanni, an officer from the publicity section of the Guangdong Administration for Industry and Commerce.

“But getting registered is also good for online store owners. They can publish the registration number for their business charters on the Web page of their online stores. In consumers’ eyes, a registered store is more reliable than an unregistered one,” Hu added.

Feng Jiazhi, a 25-year-old ex-serviceman, opened an online grocery store in Guangzhou, Guangdong province, after retiring from military service this year.

He used to be confident about the market potential for his made-in-Taiwan goods, but he had to close the online store after one month. He didn’t manage to sell a single item and was running out of money.

“What I needed most was the funds to keep my business running. So it is more helpful to offer small online businesses lower interest loans,” said Feng.

“I also needed professional training about online marketing. I would appreciate it if the government could offer newcomers relevant courses free of charge.”

Commerce Minister Chen Deming revealed on Wednesday that e-commerce in China last year accounted for 13 percent of China’s GDP and amounted to almost 6 trillion yuan ($950 billion), with 800 billion yuan for online retail.

Chen is not only optimistic about the prospects of e-commerce in China but also expects the boom to bring people, especially young people, more job opportunities.

“Low-cost e-commerce is a good option for college grads to start their own businesses,” Chen added.

via Online traders to get better deal|Economy|chinadaily.com.cn.

Yiwu: Asean-China Centre Calls For More Malaysian Involvement

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BEIJING, March 26 (Bernama) — Asean-China Centre (ACC) secretary-general Ma Mingqiang has called for more Malaysians to use the centre as a platform to promote Malaysia and boost ties between China and Asean countries in trade, investment, tourism, education and culture.

His call for active cooperation of the Malaysian private sector with the ACC comes in the wake of visits by Malaysian Minister of International Trade and Industry Datuk Seri Mustapa Mohamed and Malaysia-China Business Council president Tan Sri Ong Ka Ting to the centre.

The ACC is the only official inter-governmental organisation that offers services, activities and authoritative information to both people and institutions in China and Asean member countries, Ma told Bernama in an interview.

To enhance the two-way flow of trade between Asean and China, the ACC planned to set up an Asean products export promotion centre in Yiwu in the province of Zhejiang by offering each Asean country one shop of 100-500 sq metres, depending on the number of products displayed, for free for the first three years, he said.

He said the ACC would also organise investment trips to Asean countries, including Malaysia, to further enhance investment cooperation between China and Asean.

The centre recently organised an investment trip comprising companies from China to Vietnam and Cambodia and received good response, Ma said.

He said Malaysian Minister of Tourism Datuk Seri Ng Yen Yen showed interest in cooperating with the ACC to promote Malaysian tourism during the latest Asean Tourism Ministers meeting held in Indonesia.

Ma said the centre had put in much effort in promoting Malaysian tourism, including promoting travel hotspots and local conditions and customs via its official website and mini blog, and cooperated with travel agents to promote tourism in Malaysia.

He said the centre planned to publish travel guidelines for Chinese tourists travelling to Asean countries.

Ma, who has been helping to promote Asean-China ties for 21 years, said he was willing to strengthen win-win cooperation between Asean and China.

“China and Asean are important to each other. The development of Asean would be influenced if China is unstable. The development of China would also be influenced if Asean is in a mess.

“China and Asean are good neighbours, and I’m willing to work harder to promote ties between China and Asean,” he said.

The ACC was born out of a memorandum signed by Chinese Premier Wen Jiabao and Asean leaders during the 12th Asean-China Summit in 2009 in Beijing.

It was officially inaugurated by Wen Jiabao and Asean leaders during the 14th Asean-China Summit in November last year marking the 20th anniversary of dialogue between Asean and China.

 

Yiwu officials go to Shandong to promote the 7th Yiwu Cultural productsFair – Yiwu News

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March 21 to 23, according to the unified arrangement of the Fair Executive Committee, Municipal Propaganda Department, City of Industry and Commerce Bureau, SMG Bureau, Business Bureau, the Mall Group, City Cultural Goods Industry Association unit made a special trip to Jinan, Shandong Linyi, promote the 7th China Yiwu Cultural Products Trade Fair to good results.

　　Linyi convenient transportation advantage, the city has more than 80 various types of specialized bazaars, market prosperity, developed logistics, many merchants, known as “in the north of Linyi, South Yiwu”.

　　Promotion activities has been the support of the Department of Linyi Municipal Propaganda Department of Trade and Industry Bureau of Linyi City, Linyi City, the news media, Linyi City cultural industry associations, chambers of commerce, person in charge of cultural production enterprises, market dealers and representatives of more than 50 people took part in the city held in Linyi City, China Merchants breeze forum. The city staff also visited the site of a large-scale cultural goods market in Jinan City, Linyi City, distributing promotional materials and publicity to the business operators Yiwu Promotion Fair.

Bonded Logistics Center: “Yiwu Port” another look forward to – Yiwu News

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To speed up custom special supervised areas -Bonded Logistics Center: “Yiwu Port” and another looking forward to

March 16, units of the experts by the National Development and Reform Commission, Ministry of Commerce, the China Free Trade Zone, Processing Zone Association, Hangzhou Customs, Yiwu bonded logistics center (B) the feasibility study report review. The experts agreed that the convenience of Yiwu speed up the construction of custom special supervised areas, conducive to the realization of the import Huanshui, re-export the bonded logistics center rebate, export into other preferential policies to further enhance the Yiwu “buy the world’s goods, selling the world’s goods”.

Bonded Logistics Center (B) how the “bonded”

Although approved by the State Council last year, “Zhejiang Yiwu International Trade comprehensive reform of the overall program” made it clear that support the city, in accordance with the procedures for the establishment of commodity trading characteristics of custom special supervised areas when conditions are ripe. However, for the general public, businessmen, bonded logistics center (B type) is a new concept.

Of Foreign Economic Research of the National Development and Reform Commission, Dr. Yang Changyong, Yiwu now run the bonded warehouse is a customs bonded and supervisory areas, imported wine, olive oil, coconut milk and other commodities in Yiwu market dealers can be placed in a bonded warehouse for storage, suspend the payment of import duties, this can save the financial pressure of the operating households.

Dr. Yang explained, the bonded logistics center, bonded warehousing, transshipment of goods, simple processing, distribution, testing and maintenance and customs logistics business, and provide users with the bonded premises of the radiation multi-functional, integrated and comprehensive services at home and abroad.

For example, such as Yiwu, households need to do a re-export trade, at the time of importation of goods subject to customs duties and VAT, and then export abroad, the export tax rebates, but most products export tax rebate rate is less than the time of the import value-added tax, which re-export trade costs. With Bonded Logistics Center, entrepot trade goods has been bonded state, greatly reducing the cost of the re-export trade.

The bonded warehouse to achieve a breakthrough

Many import traders are no longer strange to lift the bonded warehouse, International Trade City Museum of imported goods, some merchants have been able to skillfully use to which the business, it can change the status of a one-time payment of large sums of import tax, the purpose of suspension of payment of import duties save money pressure.

The benefits of bonded warehouses, the Yiwu Multisuns Nylon Co., Ltd. salesman Tang Xiaoyun with deep feeling, he said: “bonded warehouse does to our cash flow, raw material storage to bring a lot of convenience. Take last year deposited in one of the bonded warehouse batch of raw material, if there is a general warehouse, the shipment a day light rent would more than 3000 yuan, but into the bonded warehouse per ton of goods a day before the rent charged 0.2 yuan, the consignment store one day only 500 yuan bonded warehouse customs procedures convenient, can also temporarily holding over of payment of import duties and taxes, saving us money and save a heart. ”

Gong, director of Yiwu bonded warehouse, bonded warehouse on December 7, 2009 formally put into operation, it implements the zero breakthrough of Yiwu City public bonded business. At present, Yiwu bonded warehouse bonded goods into three categories: wine consumer, chemical fiber raw materials, intermediate products, and diesel engines and other capital goods, bonded goods from Yiwu, France, Britain, Singapore, Spain, Germany and other major trading partners.

“Yiwu Port” Call of Bonded Logistics Center

In fact, made it clear to efforts to build international land port city to speed up the construction of “Yiwu Port” to build a “customs clearance” system as the important support of Yiwu market Yiwu two six-city “urban development orientation.

Of course, from Yiwu commodity flow and direction of view, the Yiwu Foreign Trade and export of one-way trade, import, re-export trade is relatively low, Yiwu logistics nodes mainly as a domestic logistics node, and to become an international logistics nodes some gaps. Therefore, calling the “Yiwu Port” bonded logistics center to match, this is a trend, but also the ardent desire of the Yiwu market.

Ministry of Commerce International Trade and Economic Cooperation Research Institute Chen Wenjing said with confidence, to set up bonded logistics center in Yiwu many advantages, not only conducive to the Yiwu businessmen to carry out import, export, re-export trade, it will help attract more foreign exhibits in Yiwu Exhibitors promote the development of exhibition industry, but also help to attract large-scale wholesale and retail multinational enter Yiwu, imports, exports by multinational organizations, international and domestic procurement and allocation of distribution of re-export supply, and complete the demolition of consolidation, simple processing and bonded logistics business. Yiwu will gradually increase in importance in the international logistics nodes, and possible further development into an international logistics nodes in the main nodes of the domestic logistics.

via Bonded Logistics Center: “Yiwu Port” another look forward to – Yiwu News.

Product coding Center Yiwu sub-center – Yiwu News

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March 20, under the Product coding Center of Zhejiang Province issued a document, decided to establish theProduct coding Center in Zhejiang Province Yiwu sub-centers.This suggests that the city of Yiwu coding work of focal points will be officially upgraded sub-centers for the encoding center, which is the provincial party committee Yiwu is one important measure of the comprehensive reform of international trade.