You know, from July 2015, WTO protection period will be over, what changes will the domestic economy will have?
1. Tariff cuts. Comprehensive tariff reductions, the average tax rate will be reduced to 17% from the 221%; the agricultural tax in five years will be reduced to 145-15%; all export subsidies will be abolished.
2. To open agricultural markets. Regarding wheat, corn, rice and cotton, China will implement "proportional tariff quota system" in order to open the markets; the state control on the trade of soybean oil will gradually undone.
3. Restrictions on US exports (including textiles) surge. Special provisions controlling China's export goods in the surge of the elimination of quotas valid for 12 years; other overseas countries to ban Chinese dumping provisions valid for 15 years.
4. To open the retail market. Foreign companies can have more distribution rights and after-sale service.
5. To open professional services. These services opened to foreign companies include legal, accounting, medical and other services.
6. To open audio and video products market. To Allow more foreign films imports, at least 20 films per year, double than the current number.
7. To open the auto industry. Automobile tariffs will be phased to be reduced from the current 80-100%, in 2006 the tarrif was 25%; it will be allowed that US organizations provide car loans.
8. To open the telecommunications industry markets to foreign investors, foreign investors will be allowed to hold 49% stake in the field of telecommunications services, and 2 years later increasing to 50%; foreign investors will be allowed to fully invest Internet market.
9. To open the securities industry. Foreign financial companies will be allowed to hold 33% stake in the fund management company.
In 2015 China must be open in all walks of life
Foreign investment will be allowed to enter into all sectors of China, including the current state-controlled mining, transportation, direct marketing and so on.
www.chinainout.com
No comments:
Post a Comment