Policy

China Abolishes Sales Tax, Looks to Further Simplify VAT Rates

China Abolishes Sales Tax, Looks to Further Simplify VAT Rates

China has completed its most important tax reform of recent years, transitioning from a sales tax model to a value-added tax model.

Nov 1, 2017
Chen Yikan
China Considers Revising Law to Extend Rural Land Contracts 30 Years

China Considers Revising Law to Extend Rural Land Contracts 30 Years

China’s top legislature is mulling a law revision on rural land contracts in the face of fast urbanization and increasing demand to transfer rural land-use rights.

Nov 1, 2017
Shao Haipeng
State Reserve Bureau to Start Buying Rare Earth Minerals to Help Stabilize Prices, Report Claims

State Reserve Bureau to Start Buying Rare Earth Minerals to Help Stabilize Prices, Report Claims

Rare earth prices have stabilized after two months of fluctuations in downward trend, and the prices of praseodymium-neodymium oxide, which…

Oct 30, 2017
Xu Wei
Hainan Suspends Secondary Real Estate Transactions to Scotch Speculation

Hainan Suspends Secondary Real Estate Transactions to Scotch Speculation

China’s southernmost Hainan province has suspended relevant approvals for land transfer transactions in the secondary land market to quell illegal land speculation.

Oct 30, 2017
Zhang Xia
Local Chinese Governments Prepare to Levy Green Tax

Local Chinese Governments Prepare to Levy Green Tax

China will implement its Green Tax Law on Jan. 1 next year, and local governments are making relevant preparations for levying a green tax, Economic Daily reported.

Oct 27, 2017
Zhang Xia
CBRC Pushes Cash Loan Regulatory Policy

CBRC Pushes Cash Loan Regulatory Policy

The cash loan business is becoming the target of strict supervision.

Oct 27, 2017
Liao Shumin
Guangxi to Provide Financial Support for Employment and Entrepreneurship, Subsidies for Startups

Guangxi to Provide Financial Support for Employment and Entrepreneurship, Subsidies for Startups

The government of China’s southern Guangxi Zhuang Autonomous Region has released a new policy document introducing financial subsidies to support…

Oct 27, 2017
Zhang Xia
Chengdu Implements New Ride-Hailing Regulations to Punish Account-Sharing Drivers

Chengdu Implements New Ride-Hailing Regulations to Punish Account-Sharing Drivers

Chengdu, the capital of China’s western Sichuan province, has introduced a new policy on car-sharing in the city which brings…

Oct 27, 2017
Zhang Xia
Beijing Introduces “12 Don’ts” for China’s Couriers to Maintain Order in Booming Industry

Beijing Introduces “12 Don’ts” for China’s Couriers to Maintain Order in Booming Industry

Beijing has issued a policy outlining 12 industry “don’ts” to crack down on price manipulation in China’s booming delivery sector.…

Oct 26, 2017
Zhang Xia
Commerce Industry Body Releases Operational Guide for Unmanned Retail Stores

Commerce Industry Body Releases Operational Guide for Unmanned Retail Stores

The China Commerce Association for General Merchandise (CCAGM), a trade organization for household goods, yesterday released a consultation paper serving…

Oct 25, 2017
Zhang Xia
Drug Registration Management Measures Change to Protect Innovative Drug Data

Drug Registration Management Measures Change to Protect Innovative Drug Data

China’s Food and Drug Administration (FDA) has sought public opinions on its Drug Registration Management Measures intended to protect the…

Oct 24, 2017
Zhang Xia
Ministry of Industry and Information Technology Will Promote Environmental Protection Equipment Manufacturing

Ministry of Industry and Information Technology Will Promote Environmental Protection Equipment Manufacturing

The Ministry of Industry and Information Technology (MIIT) said it will promote green manufacturing, improve environmental protection equipment manufacturing, and…

Oct 24, 2017
Zhang Xia

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