Ninetowns looks at impact of export quality inspection.
Ninetowns Internet Technology Group Company Ltd. (NASDAQ: NINE) said it expects its net revenues and net income to be adversely affected by recent changes to the Catalogue of Import and Export Commodities Subject to Inspection and Quarantine by the Entry-Exit Inspection and Quarantine Authorities.
On August 1, 2013, the General Administration of Quality Supervision, Inspection and Quarantine of the PRC announced certain changes to the Catalogue. Beginning on August 15, 2013, 1,507 categories of items that were originally contained in the catalogue are no longer subject to quality inspection prior to export, although 87 categories will still be subject to animal and plant quarantine inspection prior to export after the change to the catalogue.
Ninetowns is a provider of online solutions for international trade, with its key services in automating import/export e-filing. More information can be found at ir.ninetowns.com.
((Comments on this story may be sent to firstname.lastname@example.org)).END.PUB430>PDAugust 26, 2013>JNINTERNET BUSINESS NEWS.PRICEDATENOT APPLICABLE.DAY
|Printer friendly Cite/link Email Feedback|
|Publication:||Internet Business News|
|Date:||Aug 26, 2013|
|Previous Article:||AVG Technologies launches promotion to help MSPs migrate.|
|Next Article:||Qualcomm to sell North and Latin American transportation and logistics business.|