Other Briefings
National Audit Office Concerned About Debt
Nov. 19 – China’s National Audit Office has raised concerns about the level of debt incurred by local governments in China. In comments made by Jing Ulrich, managing director of JP Morgan China, this could lead to a rise in the amount of non-performing loans in China’s banking sector.
China Considers Opening Up Debt Capital Market
Nov. 18 – Zhou Xiaochuan, governor of the People’s Bank of China, believes that the openness of debt capital market will greatly contribute to the foundation of a more mature market-oriented economy at a time when China expects more speculative investment inflow after the second round of quantitative easing by the U.S. Federal Reserve. Zhou […]
China Looks to Improve Intellectual Property Rights Protection
Nov. 17 – At the start of the fourth China patent week in Chongqing on November 7, the Chinese government has expressed an interest in improving the nation’s intellectual property rights protection system. The State Intellectual Property Office of the People’s Republic of China released the “National Patent Business Development Strategy (2011-2020)” on November 11 […]
China to Open Low Altitude Airspace to Private Sector
Nov. 17 – China plans to gradually open up its airspace below 1,000 meters in the coming years to facilitate the country’s rapid development in the general aviation industry. Specialists believe the new policy represents a lucrative opportunity for firms in China’s private aviation industry to exploit the country’s large market potential. China’s State Council […]
China and Macau Amend Double Tax Treaty
Nov. 16 – China recently amended its double tax agreement with the territory of Macau, standardizing tax rates and clarifying capital gains exemptions among other changes. The State Administration of Taxation released Announcement No. 15 on October 8 announcing that the protocol for the “Arrangement between the Macau Special Administrative Region and Mainland of China […]
Shenzhen Adopts New Housing Fund Rates
SHENZHEN, Nov. 15 –Shenzhen has adopted new contribution rates for the city’s housing fund, set to take effect on December 1, 2010. The new rates will be from 5 percent to 20 percent as decided by the employer. The fund will use the average wage of the employee from the previous year as the lower […]
China’s CPI Hits Highest Rate in Two Years
Nov. 11 – Beating expectations, China’s October consumer price index indicated that price levels grew by 4.4 percent, the highest rate in two years, which may lead to further tightening of monetary-policy, China’s central bank said on Thursday. The increase is partially fueled by a 10.1 percent rise in food prices, but it also comes […]
State Administration of Taxation to Allow Firms to Deduct Losses from Taxable Income
Nov. 9 – Beginning December 1, 2010, enterprises that have seen an increase in income may make up their losses incurred in previous years, according to a recent announcement made by China’s State Administration of Taxation In accordance with article 5 of the Corporate Income Tax Law, previous losses may be deducted from taxable income, […]
