On 16 May 2017 the CFDA – China Food and Drug Administration published a third batch in the list of the Class I and II medical devices which will no longer need clinical trials to obtain registration The market for medical devices in China is constantly evolving. The exemption from the obligation to carry out…
On 1 June 2017, the Network Security Law of the People’s Republic of China, also known as Cybersecurity Law, came into effect. The regulation aims at increasing the level of security and protection of the IT data in the Chinese territory. The new concept of Cyberspace sovereignty has been coined by the Chinese legislator. The…
Made in China 2025 is a strategic development plan promoted by the Chinese government which aims at improving the international competitiveness of the Chinese manufacturing industry within 2025 through a greater use of robotization and automation processes. Financing and incentives shall be granted for such purpose to Chinese companies who intend to purchase or develop…
The China-Italy SME Investment and Trade Forum and B2B took place at the Bank of China Headquarters in Beijing on 16 May 2017. The forum was organized jointly by the Bank of China and Sistema Italia to bring together small and medium sized Chinese enterprises and their Italian counterparts to widen and develop the collaboration…
Through Law no. 96, of 18 June 2015, in effect since 1 January 2016, the Italian government finally ratified the agreement between Italy and the Hong Kong Special Administrative Region, with the declared aim of avoiding double taxation in the field of income taxes and of preventing tax evasion. Besides the different aspects included in…
As of October 1 2015, after being tested in a few pilot areas, the Business License reform has officially entered into force over the entire territory of China. Before examining its key aspects, it is necessary to place the aforementioned reform within the wider legislative framework concerning foreign investment in the PRC. Indeed, the entire…
On the first of October the reformed Chinese Food Safety Law (FSL) –approved by the National People’s Congress on 24 April– officially entered into force. It stems from the need to harmonize the management of food safety with the regulations of other countries. The new Food Safety Law must therefore be seen as a tangible…
The issue of intellectual property is of fundamental importance to whoever wishes to enter the Chinese market, whether directly or indirectly. When people think of China, they often associate it to cases of counterfeiting and faking of products. This is, however, in most cases a distorted view of reality. It is true that in the…
In November 2014, 22 member countries of the Asia-Pacific Economic Cooperation (APEC) approved the creation of the Asian Infrastructure Investment Bank (AIIB), with an initial capital of $ 50 billion provided mainly by China and India. According to the Chinese and Indian representatives the new bank will grant credit based on criteria of “justice, fairness…
2014 marked a turning point in the Chinese economy, where for the first time capital flows out of the country equaled foreign direct investment inflows. On this macroeconomic basis and in the light of further deregulation promoted by the Beijing authorities, 2015 promises to further increase the trend of growth which -thanks to the special…