Policy

US Tax Cuts Will Favor Redback in Yuan-Dollar Exchange Rate, Chinese Investment Bank Says

US Tax Cuts Will Favor Redback in Yuan-Dollar Exchange Rate, Chinese Investment Bank Says

Major investment bank China International Capital Corp. Ltd. has positive expectations for the country’s economic performance and currency this year,…

Jan 8, 2018
Tang Shihua
China Harmonizes Tax-Related Financial Information Reporting Mechanisms With International Standards

China Harmonizes Tax-Related Financial Information Reporting Mechanisms With International Standards

The Chinese version of the ‘Common Reporting Standard,’ benchmark for 'Automatic Exchange of Financial Information in Tax Matters,' known as…

Jan 8, 2018
Liao Shumin
‘Boot Bitcoin Miners,’ Beijing Bids Local Bureaus, Cites Electric Use, Spur to Speculation

‘Boot Bitcoin Miners,’ Beijing Bids Local Bureaus, Cites Electric Use, Spur to Speculation

After banning bitcoin transactions late last year, China has now turned its regulatory gaze to the bitcoin mining business, with its focus firmly on electricity consumption and attendant costs.

Jan 6, 2018
Yin Yi
Nanjing to Remove Unlicensed Shared Bikes From Streets to Improve Traffic

Nanjing to Remove Unlicensed Shared Bikes From Streets to Improve Traffic

Nanjing will remove unlicensed and improperly-parked shared bikes from streets, with effect from Jan. 15, to ease traffic in the…

Jan 6, 2018
Xu Wei
Ningbo Offers Key Sector Startups Up to USD769,000

Ningbo Offers Key Sector Startups Up to USD769,000

Ningbo, Zhejiang province, will offer up to CNY5 million (USD769,000) to entrepreneurs across nine major industries to help them nurture their startups.

Jan 2, 2018
Liao Shumin
China Caps Overseas Withdrawal Limits to Further Throttle Capital Outflow

China Caps Overseas Withdrawal Limits to Further Throttle Capital Outflow

China tightened its overseas withdrawal limit for domestic bank cards on Jan. 1 to further stifle capital outflow.

Jan 2, 2018
Xu Wei
China Bans Domestic Ivory Market

China Bans Domestic Ivory Market

China banned commercial ivory processing and trade on Dec. 31, following through on a 2016 promise to clamp down on the black market and protect endangered elephants.

Jan 2, 2018
Tang Shihua
China Takes Action Against Illegal, Vulgar Online Games

China Takes Action Against Illegal, Vulgar Online Games

China is taking action against illegal online games and ones with vulgar content, state-run Xinhua News Agency reported.

Dec 29, 2017
Liao Shumin
China’s Supreme Court Grants Retrial to Former Guangdong Kelon Electrical Chairman

China’s Supreme Court Grants Retrial to Former Guangdong Kelon Electrical Chairman

China’s Supreme People’s Court announced a retrial in former Guangdong Kelon Electrical Holdings Co. Chairman Gu Chujun’s criminal property rights case yesterday.

Dec 29, 2017
Tang Shihua
China Unveils Upgraded Foreign Investment Regulations Amid Concerns Over US Tax Reform

China Unveils Upgraded Foreign Investment Regulations Amid Concerns Over US Tax Reform

Although the introduction of the US Tax Reform Act has raised concerns about the flow of capital from China to…

Dec 28, 2017
Guo Liqin
Shanghai Will Consider Building Free Trade Port Next Year, Mayor Says

Shanghai Will Consider Building Free Trade Port Next Year, Mayor Says

Shanghai will mull constructing a free trade port and speed up the construction of a science and technology innovation center with global influence next year.

Dec 28, 2017
Liao Shumin
China Passes Drafts of Tobacco Leaf, Ship Tonnage Tax Laws

China Passes Drafts of Tobacco Leaf, Ship Tonnage Tax Laws

The Standing Committee of the 12th National People’s Congress passed drafts of the tobacco leaf tax law and ship tonnage…

Dec 28, 2017
Liao Shuming

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