Multiple new laws and regulations that affect doing business in China came into force on January 1, 2023. Foreign investors and businesses engaging in food and beverage, import and export, new energy vehicles, sports, and financial activities should pay special attention.

On January 1, 2023, many new laws and regulations that may affect your business and everyday life came into effect. In this article, we list 10 such laws, regulations, or national standards, and briefly explain why they matter.

1. Catalogue of Encouraged Industries for Foreign Investment (2022 Version)
   Promulgation Authorities: National Development and Reform Commission, Ministry of Commerce
   Release Date: October 28, 2022
   Effective Date: January 1, 2023
   Doc Number: No. 52

On October 28, 2022, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) released the Catalogue of Encouraged Industries for Foreign Investment (2022 Version) (hereafter the “2022 FI Encouraged Catalogue”), which came into force on January 1, 2023.

Why does it matter?
As with the previous version, the 2022 FI Encouraged Catalogue includes two sub-catalogues, one covering the entire country (the “national catalogue”), and one referring to the central, western, and northeastern regions (the “regional catalogue”). The catalogue lists the industries where foreign direct investment (FDI) is encouraged and that benefit from favorable policies in China.

The newly released 2022 FI Encouraged Catalogue contains a total of 1,474 items (519 in the national catalogue and 955 in the regional catalogue), an increase of 19 percent from 1,235 items (480 in the national catalogue and 755 in the regional catalogue) in the 2020 version. These align with China’s plans to attract foreign investment into high-tech manufacturing and production-oriented service industries, as well as advanced industries in the central, western, and northeastern regions. Opportunities also exist in industries linked to green development, healthcare, elder care, sports, vocational education, and rural revitalization. More details can be found in our article here.

2. 2023 Tariff Adjustment Plan
   Promulgation Authorities: Tariff Committee of the State Council
   Release Date: 29 December, 2022
   Effective Date: January 1, 2023

Doc Number: Tax Commission Announcement [2022] No.11

On December 29, 2022, the Customs Tariff Commission of the State Council released the Announcement of the Customs Tariff Commission of the State Council on Adjusting the Tariffs in 2023 (hereafter the “2023 Tariff Adjustment Plan”) to adjust the import and export tariffs of selected goods from January 1, 2023.

Source : china-briefing.com/ For more details