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|BEIJING http://www.cheapnfljerseyspackers.com/David-Bakhtiari/ , July 1 (Xinhua) -- A series of laws and regulations ranging from entry-exit management to new energy vehicles (NEVs) came into force in July. Following are highlights of these major laws and regulations.
-- REGULATIONS ON VEHICLES
A regulation on trading motor vehicles takes effect July 1, allowing customers to buy cars through more providers.
Dealers can sell and provide after-sales services for cars of various brands, according to the new regulation released by the Ministry of Commerce in April.
A regulation on NEVS will also come into force in July, which requires NEV manufacturers to supervise the safety of all products, provide supporting documents for each product http://www.cheapnfljerseyspackers.com/Mason-Crosby/ , and record the vehicles' use, maintenance and battery recycling.
-- REGULATIONS ON ENTRY-EXIT
A new regulation on entry-exit management issued by the Civil Aviation Administration of China comes into force July 1. It specified an updated list of prohibited items during boarding or shipping while violators may face criminal charges.
-- FEE CUT
The fee for Chinese citizens to apply for ordinary passports will be reduced to 160 yuan (about 24 U.S. dollars) from the previous 200 yuan, according to the National Development and Reform Commission.
Fees for temporary entry and the use of telecommunications resources, among others will be also be cut starting July 1, it said.
-- NEW TAX CUT MEASURES
Starting July 1 http://www.cheapnfljerseyspackers.com/Morgan-Burnett/ , four VAT brackets will be streamlined into three, with tax rates of 17 percent, 11 percent and 6 percent respectively, targeting different products.
Tax cut incentives for small enterprises with limited profits will apply to a wider range from January 2017 to December 2019. Businesses with profits under 500,000 yuan http://www.cheapnfljerseyspackers.com/Nick-Perry/ , instead of the previous 300,000 yuan, will be eligible for the tax preference.
-- LAW ON TRADITIONAL CHINESE MEDICINE
The revised law on traditional Chinese medicine (TCM) that came into force July 1 will facilitate the development of TCM and improve its global influence. The law will help protect TCM and tackle the shortage of health resources in China.
With a history of more than 2,000 years, TCM is seen by many as a national treasure in China for its unique theories and practices http://www.cheapnfljerseyspackers.com/Corey-Linsley/ , such as herbal medicine, acupuncture, massage and nutritional components.
-- CIVIL PROCEDURE LAW AND THE ADMINISTRATIVE PROCEDURE LAW
The revised law mainly targets government offenses related to the protection of the environment, natural resources, public land and assets. It allows all prosecutors to institute public interest litigation.
Citizens http://www.cheapnfljerseyspackers.com/Davante-Adams/ , corporations, and organizations were previously not able to file lawsuits as plaintiffs because they are not considered direct victims.
-- SURVEYING AND MAPPING LAW
The law, which comes into effect July 1, stipulates that Internet map providers should use maps that are legally authorized and protect the integrity of mapping data.
Those responsible for the production and use of geographic information, as well as Internet mapping service providers http://www.cheapnfljerseyspackers.com/Jake-Ryan/ , should abide by laws and regulations on personal information protection when they gather or use personal information.
The fine for those who release geological data about territory administered by the government without authorization will face fines of up to 500,000 yuan.
-- RULES ON SECURITIES, FUTURES INVESTMENT
Investors will be categorized as either professional or ordinary investors depending on their asset and income levels and professional experience, according to the new guidelines released by the China Securities Regulatory Commission which take effect on July 1.
Professional investors include financial institutions and individuals with financial assets worth over 5 million yuan (737,500 U.S. dollars) or annual incomes of over 500 http://www.cheapnfljerseyspackers.com/Blake-Martinez/ ,000 yuan for the past three years. They must also have at least two years of professional experience in related sectors.
Ordinary investors have been advised to buy financial products in line with their risk tolerance and will receive reminders when buying higher risk products.
Xi pledges firm commitment to "one country, two systems"
President Xi attends gala show for HK's 20th return anniversary
NYSE special closing bell celebrates 20th Anniversary of HKSAR' s establishment
First train ferrying China-made Volvo cars arrives in Belgium
Fishing boats parade held to celebrate 20th anniv. of HK's return to motherland
China, Kyrgyzstan hold anti-terror drill in Xinjiang
In pics: woodblock movable type printing in C China
Muslims celebrate Eid al-Fitr worldwide
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