Other Briefings
Guidelines for Managing Large Enterprise Tax Risk Released
Jun. 1 – China’s State Administration of Taxation released a guideline last month for how large enterprises should manage tax risks in the current economy. Released on May 5, Guoshuifa (Tax Circular) No. 90, “China SAT Guide for Large Enterprises to Manage Tax Risks,” provides guidance for large enterprises regarding their overall corporate tax compliance […]
Shanghai to Subsidize More Environmentally Friendly Cars
SHANGHAI, Jun. 1 – The local government is encouraging more people to replace their cars and trucks with more environment-friendly models by giving average subsidies of RMB5,000 starting today until April 30, 2010. The measure is part of the city’s efforts to ease pollution and help the local economy for the coming Shanghai 2010 World […]
Hong Kong to Send Rebates to 500,000 Taxpayers
HONG KONG, May 31 – An estimated 500,000 taxpayers in Hong Kong will receive rebate checks in September while 800,000 taxpayers may not need to pay taxes for the year, according to the Hong Kong Financial Secretary John Tsang. He spoke during a radio show last Saturday adding that he was assured that recent relief […]
Shanghai to Spend US$45 Billion for Expo
SHANGHAI, May 31 – Shanghai is sparing no expense to make next year’s World Expo the most expensive one yet at US$45 billion, more than the money spent for the Beijing Olympics. The city is pushing through plans to upgrade infrastructure and build new transportation links despite the ongoing credit crisis. It will be an […]
China Sector Watch: Automobiles
This ongoing series takes an in-depth look at the industries that are shaping the Chinese economy today. By Joyce Roque May 29 – It was in 1901 that automobiles first came to China, mostly in the streets of Shanghai. Then, automobiles were usually imports from America and used by foreigners. During that time, China did […]
Hong Kong Adds HK$16.8 Billion to Stimulus Plan
May 27 – Yesterday the Hong Kong Special Administrative Region (HKSAR) announced its package of tax cuts, fee waivers and spending amounting to HK$16.8 billion to ease the effects of the global economic crisis. The plan includes the waiver of business registration fees, salary tax cuts and two quarter suspension of property rates. This brings […]
Chinese Investors Buy Minority Stake in NBA Team
May 26 – A Chinese investment group has bought minority stakes of a U.S. basketball franchise and its arena. The group could purchase as much as 15 percent of Cavaliers Operating Co. although the deal is still pending approval from the National Basketball Association’s board of governors. Team president Len Komoroski told the AP that […]
Tianjin to Expand Rail Network by 2020
May 26 – Tianjin’s plan to grow its railways system to 470 kilometers of track by 2020 has been approved. Tianjin is a port city located around 120 kilometers from Beijing. Currently, it has one subway line and one light rail line totaling 70 kilometers while two more subway lines and an extension of the […]
