Other Briefings
Chengdu Joins Shanghai, Beijing & Guangzhou in Offering 72 Hour Visa-Free Stays to Foreign Travelers
Aug. 23 – Following Beijing, Shanghai and Guangzhou, Chengdu will become the fourth city in China to adopt the 72 hour visa-free stay policy. The policy, which is scheduled to take effect on September 1, will make Chengdu China’s first inland city to offer a 72 hour visa-free stay to transit passengers.
NDRC Punishes Milk Powder Manufacturers for Price Monopoly Violations
Aug. 14 – China’s National Development and Reform Commission (NDRC) announced the punishments for six milk powder manufacturing companies that were charged with price monopoly practices last week. The six manufacturers are expected to forfeit a total of roughly RMB670 million (US$110 million) in fines as part of their punishment. The six companies are: BIOSTIME; […]
China’s E-Commerce Legislative and Regulatory Framework
In 2012, the number of China’s internet users rose by 10 percent to 564 million, and its e-commerce market increased by 66.5 percent to RMB1.3 trillion (US$190 billion) worth of transactions. This article covers the current policy and regulatory framework governing companies involved in China’s e-commerce market, and well as the key taxes affecting the business activities of such enterprises.
China’s Tax Incentives for High-Tech Enterprises
Aug. 8 – While many of China’s key tax incentives dried up with the Corporate Income Tax (CIT) Reform in 2008, the government still offers various tax incentives to promote sectors deemed beneficial to the development of the country’s economy. The technology sector, for instance, is one area that China is keen to promote and, […]
China’s VAT Reform Creates Confusion in Remittances to Foreign Suppliers
Hollywood studios owed millions in just one example Aug. 5 – Following China’s reform of its value-added tax (VAT) system, effective from August 1st, many international businesses have fallen foul of confusion in the regulations, preventing many from being paid. In the Chinese film industry alone, Hollywood studios including Warner Bros, Sony & Paramount have […]
Why Corruption is Inevitable in China’s Pharmaceutical Industry
Jul. 25 – The Mayor of London, Boris Johnson, famously quipped that his policy on cake is to have it and to eat it. The Chinese authorities have long employed the cake policy on the subject of corrupt practices of foreign pharmaceutical companies. In the last week, we have seen a growing official condemnation of […]
MOFCOM Speaks on China’s Retail and Wholesale Industries
Jul. 10 – China’s Ministry of Commerce (MOFCOM) recently held a special press conference on the current situation of the country’s retail and wholesale industries. MOFCOM’s press spokesman, Yao Jian, representatives from the Department of Circulation Industry Development Wang Desheng and Wang Xuanqing, head of the China Chain Store & Franchise Association (CCSFA) Guo Geping […]
Comparison: Prime ‘Grade A’ Office Rental Prices in China
By Collin Baffa Jul. 5 – Prime “Grade A” office space in China typically consists of modern complexes offering state-of-the-art infrastructure and locations in the heart of each city’s central business district. China’s first tier cities remain the most expensive markets for prime office rentals, with Beijing, Shanghai and Shenzhen topping the list, according to […]
