China and Pakistan signed an agreement on free trade area (FTA) on
November 24, 2006, in the presence of top leaders from both
countries. The agreement is projected to triple current bilateral
trade to 15 billion US dollars within five years.
Please read the full text of the agreement here
http://gjs.mofcom.gov.cn/aarticle/af/fazzn/200611/20061103845345.html.
In order to expand economic cooperation and technical exchanges
with foreign countries and promote the development of China’s
national economy, China permits foreign enterprises, other economic
organizations and individuals (hereinafter referred as foreign
investors) to establish foreign capital enterprises in the
territory of the People’s Republic of China and protects the lawful
rights and interests of foreign capital enterprises.
Please read the full text of the Law of the People’s Republic of
China on Foreign-Capital Enterprises (http://www.china.org.cn/english/business/219563.htm)
to get more details.
According to the Administrative Rules of the People’s Republic
of China on Cross-Border Transportation of National Currency issued
by China’s central bank in December 2004, travelers are allowed to
take up to US$5,000 equivalent of foreign currency and 20,000 yuan
of local currency (US$1=7.7 yuan) into or out of the country.
There is no need to declare this to customs if the currency you
carry is less than the limit.
Amounts up to US$10,000 will require a Permit for Taking Foreign
Currency Out of the Customs Territory issued by a bank. Anyone who
takes more foreign currency than US$10,000 is required to show a
legal warrant issued by agencies of the State Administration of
Foreign Exchange (SAFE)
For travelers who leave the country a second time within 15
days, the limit of foreign currency is US$1,000. If you leave the
country a second time on the same day, the limit is US$500. If you
have a declaration record of foreign currency when entering the
country, customs will examine this before authorizing you to
pass.
It is quite easy to exchange your currency into CNY, Chinese
yuan, at your arrival airport, as well as hotels and banks in
China, so it is not really necessary to bring Chinese currency to
China.
(China.org.cn March 23, 2007)
Dear Sir/Madam,
I am bringing my laptop to China. Could you please tell me the
shape of the fitting needed to plug in? I have a range here to
choose from.
Thank you
Christine
………………………………………………………………………………………….
Dear Readers,
If you are planning on using a foreign electrical device in
China you may need a plug-in adaptor and a voltage converter.
Electrical current in China is 220V and 50Hz AC. To choose the
proper voltage converter first check the labeling of your
electrical device(s) to find out the voltage and wattage. You need
a voltage converter that can handle a higher or equal wattage than
that of the device that it is to be used with. You should also
bring your surge protector in order to safeguard sensitive and
expensive items such as laptops against power surges.
China has different shaped plug-in connections for power cords.
There are two basic kinds, one is a three-headed flat and
diagonally positioned connection and a two pin parallel connection.
You can bring an adaptor set with you or buy one in an electronics
store in China.
(china.org.cn April 2, 2007)
