1. Recently, the General Office of the State Council released the Implementing Rules of the Audit Law of the People's Republic of China, which shall take effect as of May 1, 2010.
2. Recently, the Ministry of Commerce, Ministry of Finance, Ministry of Culture, General Administration of Customs and totally 10 ministries released guidance opinion on further improving the key state culture export enterprises and projects.
3. Recently, Ministry of Health, Ministry of Industry and Information Technology, State Administration of Industry and Commerce, General Administration of Quality Supervision, Inspection and Quarantine, and State Food and Drug Administration jointly issued the Trial Rules on the Administration of Monitoring Food Safety Risks, which comes into implementation on the day of its issuance.
4. As the formally operation of China-ASEAN Free Trade Area, ASEAN became the third trading partner of China, which surpassing Japan in Jan. 2010 with a bilateral trade value reaching USD21.48 billion, increasing 80%.
5. The tax audit of 2010 of the State Administration of Taxation will focus on key tax source audit and important cases inspection.
