Policy

State Council Calls for Private Investment to Help Defense Companies Carry Out Joint-Stock Reforms

State Council Calls for Private Investment to Help Defense Companies Carry Out Joint-Stock Reforms

China has called for the introduction of private investors in the defense sector in order to help companies carry out…

Dec 5, 2017
Liao Shumin
Experts Urge Revised Tobacco Tax as China Remains World’s Biggest User After 11 Years of Controls

Experts Urge Revised Tobacco Tax as China Remains World’s Biggest User After 11 Years of Controls

Insiders are urging China to more fully implement control measures and impose a continuously-adjusted cigarette tax to achieve the target of a 20 percent smoking rate.

Dec 4, 2017
Ma Xiaohua
China Plans to Ease Limits on Foreign Stakes in Futures Companies, CSRC Says

China Plans to Ease Limits on Foreign Stakes in Futures Companies, CSRC Says

The China Securities Regulatory Commission (CSRC) plans to ease restrictions on foreign equity stakes in futures companies, allowing foreign investors…

Dec 4, 2017
Xu Wei
Shanghai Fines China-US Pharma Firm for Bribing Doctors

Shanghai Fines China-US Pharma Firm for Bribing Doctors

The Shanghai Administration for Industry and Commerce has fined biopharmaceutical firm Sino-American Shanghai Squibb Pharmaceutical Co. CNY100,000 (USD15,200) for bribery…

Dec 4, 2017
Xu Wei
China Cannot Ignore Spillover Effect of Tax Reform in US, Vice-Minister of Finance Says

China Cannot Ignore Spillover Effect of Tax Reform in US, Vice-Minister of Finance Says

China needs to pay close attention to how tax reform in the US affects competitiveness, labor productivity and workers’ wages,…

Dec 4, 2017
Liao Shumin
US Tax Reform Puts Pressure on China’s Enterprise Income Tax, Chinese Finance Expert Says

US Tax Reform Puts Pressure on China’s Enterprise Income Tax, Chinese Finance Expert Says

If the US Senate’s tax reform plan passes, the US will move ahead with reform faster than expected, the Paper…

Dec 4, 2017
Liao Shumin
Too Early to Say US Tax Reform Will Lead to Return of Global Capital to US, Xinhua Says

Too Early to Say US Tax Reform Will Lead to Return of Global Capital to US, Xinhua Says

The Trump administration is soon implementing the largest tax reform bill seen in the US in the last 30 years.…

Dec 4, 2017
Xu Wei
China Was Right to Rein in Cryptocurrencies, PBOC Vice Governor Says

China Was Right to Rein in Cryptocurrencies, PBOC Vice Governor Says

Chinese regulators were right to rein in cryptocurrencies, said Pan Gongsheng, a vice governor at the People’s Bank of China.

Dec 4, 2017
Song Yikang
Private Investors’ Participation in PPP Projects Should Not Be Restricted, NDRC Says

Private Investors’ Participation in PPP Projects Should Not Be Restricted, NDRC Says

China will continue to open all infrastructure sectors, except those prohibited by national laws and regulations, to private investment, the…

Dec 1, 2017
Xu Wei
Increasing Cases of Internal Leaks and Thefts of Customer Information Requires Tightened Regulation on Protection of Citizens’ Personal Information, Experts Warn

Increasing Cases of Internal Leaks and Thefts of Customer Information Requires Tightened Regulation on Protection of Citizens’ Personal Information, Experts Warn

With the rise of the internet, a complete industrial chain of theft and sale of personal information has flourished. A…

Nov 30, 2017
Fan Chunsheng
China’s Macro-Economic Planner Regulates Pricing Practices for Short-Supplied Drugs, APIs to Ensure Fair Competition

China’s Macro-Economic Planner Regulates Pricing Practices for Short-Supplied Drugs, APIs to Ensure Fair Competition

China’s top macro-economic planner, the National Development and Reform Commission (NDRC), has formulated 'Pricing Practice Guidelines for Sellers of Short-Supplied…

Nov 24, 2017
Xu Wei
China to Study Worldwide Policies as It Mulls Drafting Estate Tax Law

China to Study Worldwide Policies as It Mulls Drafting Estate Tax Law

China’s Ministry of Finance has answered public concerns about whether or not it will levy estate tax in an official…

Nov 23, 2017
Chen Yikan

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