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From January next year, these new regulations will be implemented

Import tariff adjustments for some commodities, the foreign investment law was officially implemented, and 70 new drugs were included in the medical insurance catalogue ... From January 1, 2020, a number of new regulations were formally implemented, affecting many aspects of people's production and life.

■ Import tariff adjustment for some commodities

With the approval of the State Council, the Customs Tariff Commission of the State Council recently issued a notice to adjust import tariffs on some commodities from January 1, 2020.

In order to better meet the needs of people's lives and moderately increase imports of domestic consumer goods that are relatively scarce or have foreign characteristics, China will increase or reduce the provisional tax rate on imports of frozen pork, frozen avocados, and non-frozen orange juice.

In order to reduce the cost of medicines and promote the production of new medicines, China will implement zero tariffs on alkaloids used in the treatment of asthma and raw materials for the production of new drugs for the treatment of diabetes.

In order to expand the import of advanced technology, equipment and parts and support the development of high-tech industries, China will add or reduce the provisional tax rate on imports of commodities such as semiconductor inspection and sorting tape makers, high-pressure turbine clearance control valves, and so on.

■ Foreign Investment Law officially implemented

On March 15, 2019, the Second Session of the Thirteenth National People's Congress passed the "Foreign Investment Law of the People's Republic of China", which will be officially implemented from January 1, 2020. The Foreign Investment Law is an important improvement and innovation of China's foreign investment legal system, and it is a new basic law in the field of foreign investment.

The Foreign Investment Law is based on the comprehensive implementation of the national treatment before admission and the negative list management system to reconstruct the management system for foreign investment in China. Cui Fan, a professor at the University of International Business and Economics, said: "The implementation of the national treatment plus negative list management system for foreign investment prior to admission reflects the principle of consistent domestic and foreign investment and will allow China to achieve higher levels of investment liberalization and facilitation."

There are many other highlights of the Foreign Investment Law, such as protecting the intellectual property rights of foreign investors and foreign-invested enterprises, protecting the legitimate rights and interests of intellectual property rights holders and related rights holders; establishing and improving a foreign investment service system;

■ 70 new drugs included in the medical insurance catalog

The National Medical Insurance Bureau and the Ministry of Human Resources and Social Security recently announced the "National Basic Medical Insurance, Work Injury Insurance and Maternity Insurance Drug Catalogues" in 2019. The new catalogue was officially launched on January 1, 2020.

70 new drugs and 27 renewed drugs, a total of 97 drugs entered the medical insurance catalogue through negotiations, with an average price reduction of 60.7% and 26.4%.

After this round of adjustments, the drug structure of the medical insurance catalog has been significantly optimized. A number of highly recognized, newly marketed drugs with high clinical value have been added to the catalogue, and the ability to protect drugs for cancer, rare diseases, chronic diseases, and children has been significantly improved.

The cost of medicines has been significantly reduced. By playing the role of the "strategic purchaser" of the medical insurance department, the price of medicines has been drastically reduced, and a number of world-renowned "noble medicines" have issued "civilian prices". Imported medicines have basically given the world's lowest prices. It is conservatively estimated that through negotiation of price reductions and medical insurance reimbursement, the overall personal burden of patients will fall below 20% of the original, and individual medicines will fall below 5%.

The new catalog highlights the direction to encourage innovation. Twelve domestically produced major innovative drugs were negotiated into eight. Most of the drugs successfully negotiated this time are new drugs marketed in recent years.

■ Implementation of the newly revised land management law

On August 26, 2019, the Twelfth Meeting of the Standing Committee of the Thirteenth National People's Congress considered and approved the amendment to the "Land Administration Law of the People's Republic of China", which will be implemented from January 1, 2020.

This time, the Land Management Law was amended to adhere to the unshakable public ownership of the land, to keep farmers' interests unharmed, and to adhere to the strictest farmland protection system and the strictest economical and intensive land use system.

The newly revised land management law focuses on the following five aspects: First, it is clear that the competent agricultural and rural authorities are responsible for the reform and management of the housing site; second, it allows collective-owned construction land to enter the market directly; third, it regulates the land acquisition procedures; and fourth, it strengthens permanent basic farmland Protection; the fifth is to ensure the land for rural industrial development. (Pan Xutao, He Yan, Song Jiahui)


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