In a move to further boost its logistics industry, China is now allowing logistics enterprises to pay less urban land use tax (ULUT) on lands occupied by their commodity warehouses.
Jan. 17 – In order to exploit its massive “oceanic productivity potential,” the Chinese eastern coastal province of Zhejiang is looking to establish a special RMB1 billion fund for the development of its oceanic economy, and another separate RMB1 billion fund for the promotion of its oceanic industries. The RMB2 billion investment will mainly focus […]
China is tightening regulations on investment by cargo owners into the country’s domestic shipping industry in a bid to avoid excess competition amid the continuing global shipping downturn.
As a city that is striving to become an international shipping center, Shanghai is brewing a complete package of favorable fiscal policies for its shipping-related industries. The new policies are hoped to bring down shipping companies’ tax liabilities significantly to the similar levels of shipping tax burdens in Hong Kong, experts say.
China will moderately relax market access conditions for wholly foreign-owned shipping companies, allowing them to touch a wider scope of business in the country.