Policy

China's Fiscal and Tax System Reform Pans to Consumption Tax, Ex-Finance Ministry Expert Says

China's Fiscal and Tax System Reform Pans to Consumption Tax, Ex-Finance Ministry Expert Says

China has been pushing fiscal and tax system reforms in recent years.

Aug 23, 2017
Wang Yufeng
USD200 Million Ponzi Scheme Comes to Light in Guangxi

USD200 Million Ponzi Scheme Comes to Light in Guangxi

The Public Security Bureau of Nanjing, in China’s southwestern Guangxi Zhuang Autonomous Region has uncovered a pyramid sales case involving…

Aug 21, 2017
Xu Wei
Trade Associations Illegally Charged Companies Over USD480,000 in Fees, NDRC Says

Trade Associations Illegally Charged Companies Over USD480,000 in Fees, NDRC Says

Today, the National Development and Reform Commission (NDRC) announced eight cases in which trade associations illegally charged a total of…

Aug 21, 2017
Xu Wei
Chinese Authorities Issue Guidelines on Overseas Investments, Limit Non-Entity Foreign Investment

Chinese Authorities Issue Guidelines on Overseas Investments, Limit Non-Entity Foreign Investment

Following the first public announcement on the issue in December, the General Office of the State Council has re-posted the opinions of…

Aug 21, 2017
Guo Liqin
China Offers Tax Break to Foreign Investors Focused on High-Tech Services

China Offers Tax Break to Foreign Investors Focused on High-Tech Services

China’s cabinet, the State Council, has unveiled a regime of new fiscal and tax incentives including tax deferrals in an…

Aug 18, 2017
Chen Yikan
Zhejiang Province Internet Regulator Orders Five Websites Including Taobao.com to Rectify Violations

Zhejiang Province Internet Regulator Orders Five Websites Including Taobao.com to Rectify Violations

The network regulator of China’s southeastern Zhejiang province recently met with the heads of five websites based within the province,…

Aug 17, 2017
Dou Shicong
China's Drive to Eliminate Online Pornography Sanctions Three Websites

China's Drive to Eliminate Online Pornography Sanctions Three Websites

Multiple supervisory agencies, including police and the network information supervisory department, recently conduct a special rectification campaign against online pornographic content.

Aug 17, 2017
Chen Juan
Shanghai Plans to Achieve Emergency Response Industrial, Service Output Value of USD24 Bln

Shanghai Plans to Achieve Emergency Response Industrial, Service Output Value of USD24 Bln

Shanghai will strive to achieve emergency response industrial and service output value of CNY160 billion (USD24 billion) by 2020, says…

Aug 16, 2017
Tang Shihua
Regulators Appeal to Public Not to Fly Drones in Earthquake-Stricken Jiuzhaigou

Regulators Appeal to Public Not to Fly Drones in Earthquake-Stricken Jiuzhaigou

Roads to Jiuzhaigou are heavily congested after last night’s magnitude 7.0 earthquake, and rescue teams from the seismological bureau of…

Aug 9, 2017
Dou Shicong
Two Chinese Cities Halt New Shared Bike Rollouts

Two Chinese Cities Halt New Shared Bike Rollouts

The growth of the shared bike industry has led to chaotic parking, and regulators from two cities in South China have halted rollouts of new shared bicycles.

Aug 8, 2017
Chen Juan
Change in Chinese Policy Pushes State-Owned Freight Company to Call Off USD3.43 Million Deal

Change in Chinese Policy Pushes State-Owned Freight Company to Call Off USD3.43 Million Deal

State-owned freight company Beijing Jingcheng Machinery Electric Holding Co. [SHA:600860] said that its subsidiary, Beijing Tianhai Industry Co., has canceled…

Aug 4, 2017
Jin Yuanjia
Chinese Government Unveils Bike-Sharing Guidelines, Calls For Parking Regulations

Chinese Government Unveils Bike-Sharing Guidelines, Calls For Parking Regulations

The Chinese government has called on local administrations to work with bike-sharing operators to regulate parking in its latest guidelines for the industry.

Aug 3, 2017
Yicai Global

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