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China encourages technology and innovation through tax incentives
In order to achieve its ambition of becoming a leading economic power in the world, China has identified High and New Technology...


When can foreign companies distribute profits in China?
Companies with a profitable business in China will want at some point to repatriate profits. However, dividends can be distributed among...


Data Security Law works with Cybersecurity Law to expand protection on data Pt 1
China’s fast growing digital economy is behind a series of new regulations aimed to protect personal information and prevent businesses...


China plans to revise and update its Company Law
Since its latest update in 2018, the China’s Company Law is scheduled to be re-evaluated this year. The revised draft, which includes 260...


China reinforces personal liability of business executives
China’s economic growth and its increased tendency to use technology, have pushed local authorities to review and update laws to be able...


China pushes innovation and development in biotech industry
In the past three decades, the number of biotech companies in China more than tripled, while the country’s economic growth has turned it...


Changes in the new Urban Maintenance and Construction Tax Law (UMCT)
Effective September 1, 2021, the new Urban Maintenance and Construction Tax Law (UMCT), as well as three supporting regulations,...


COVID travel restrictions ease for foreigners coming to China
With over one billion people vaccinated, life is slowly returning to normal in China. Though foreign travel to China has been discouraged...


Personal Information Protection Law will have big impact on business in China
The Personal Information Protection Law (PIPL), along with the Data Security Law and the Cybersecurity Law, will have a significant...


China simplifies filing for outbound remittances, cancels Local Tax Surcharges on top of VAT and CT
Foreign investors in China are no longer required to present a separate tax record filing for each outbound remittance as long as they...


Shanghai cancels assessment method for corporate income tax
The long-standing ‘levying upon assessment’ method for corporate income tax (CIT) was cancelled by the Shanghai tax bureau, after months...


Electronic labor contracts are binding in China and more efficient
Electronic labor contracts are not only more economic but help reduce paperwork and increase efficiency. In China, since March 2020, when...


Court ends “996” and marks a shift in China’s overtime work culture
The “996 work culture” in China, a practice where employees work from 9am to 9pm six days a week, will no longer be accepted. The...


Foreigners in Shanghai may soon have to contribute to social insurance
A few hundred thousand foreign professionals call Shanghai home. Attracted by the city’s international profile and cosmopolitan...


Latest guidelines for Pudong New Area aim to attract foreign investment
The Pudong New Area, located in eastern Shanghai, has become in the past three decades one of the most vibrant and highly developed areas...


Volatility and uncertainty of markets drive foreign companies to do JVs in China
The impact of COVID-19 pandemic and the uncertainties regarding the future economic relations between China and the United States have...


Hainan attracts foreign investment through innovative policies Pt 2
The 35,400-square-km Hainan Free Trade Zone (FTZ) is 27 times the size of the other such areas on the mainland. It is 49 times the size...


The Island of Hainan opens to the world with exciting investment opportunities Pt 1
The island-province of Hainan, considered one of China’s most beautiful and bustling special economic zones (SEZ), undoubtedly...


Business Investment opportunities in the GBA
Despite the global COVID-19 economic crisis and the ongoing trade tensions with the United States, China’s Greater Bay Area (GBA)...


Opportunities and challenges in the GBA
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA), with its massive size and economic potential, will create unprecedented...
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