A total of 67 new laws and regulations, including local
legislation, aimed at helping common Chinese citizens went into
effect Wednesday.
The new legal documents cover education, medical services,
taxation, airport tax, trainee drivers, gasoline and production
safety.
As
an effort to ease burdens on families with students, the Ministry
of Education has mandated to cap the rising tuition fees.
Another provision allows university students to postpone paying
their student loans for six years instead of four. Also, students
with loans are allowed to pay off the debt with no interest while
they are in school.
The welfare of migrant workers in Beijing will be further protected
under a new policy, which requires companies hiring migrant workers
pay insurance for their employees. Migrant workers will be entitled
to the same industrial accident and medical insurance treatment as
other urban workers.
A
regulation concerning work safety issued by the Beijing Municipal
Government requires companies to report accidents in a timely
manner or face punishment or fines.
Drivers in Beijing will have cleaner gasoline and diesel oil,
beginning Wednesday. Gasoline standards have been raised to the
Euro II Standard and will benefit the driver's health and protect
the environment.
According to the Ministry of Health, patients can buy medicines
with doctors' prescriptions both in hospitals, where drugs used to
be more expensive, and drug stores.
The new laws and regulations are not only favorable to Chinese
people and companies but also for foreigners.
A
new regulation issued by the China Banking Regulatory Commission
reduced the registered capital of accounting firms from 300 million
yuan (US$36.22 million) to 100 million yuan (US$12.1 million) and
foreign investment companies can also set up accounting firms in
China.
People with credit cards issued by foreign banks can get foreign
currency directly from Automated Teller Machine in China beginning
Wednesday.
(Xinhua News Agency September 2, 2004)
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