Laws and regulations you should know when sourcing from China

I guess you would agree with me that it is important to learn some basic laws and regulations in China if you are trading with Chinese companies. Every business behavior is governed by relevant laws, in this article, we will try to compile a complete list of laws and regulations that are related with your china importingbusiness.

Contract law  
http://www.fdi.gov.cn/pub/FDI_EN/Laws/law_en_info.jsp?docid=82499
Especially pay attention to the chapter of validity of contract, liability for breach of contracts, and dispute settlement

Foreign Exchange Control Regulations
http://www.fdi.gov.cn/pub/FDI_EN/Laws/law_en_info.jsp?docid=95726
Important to figure out how to withdraw money from China and how to send payment to China

Regulations on Import and Export Duties
http://www.fdi.gov.cn/pub/FDI_EN/Laws/law_en_info.jsp?docid=50992
on tariff, import and export duties

Customs law
http://www.qg.com.cn/management/tools/policynlaw/02/02009a.htm
You will need to deal with customs frequently to import from China

Enterprise income tax
http://jyds.gov.cn/hy/show_article.asp?id=435
Must know if you have business presence in China

Personal income tax
http://jyds.gov.cn/hy/show_article.asp?id=235

Labor law
http://www.fdi.gov.cn/pub/FDI_EN/Laws/law_en_info.jsp?docid=50906
Must know if you hire employees in China