China Briefing News

China Lifts Tax-free Thresholds for Business Tax and VAT Collection


As part of its “structural tax reform,” China has decided to raise the tax-free thresholds for business tax and value-added tax collection starting from today, in a bid to reduce tax burdens for enterprises, especially for small businesses.

Banks Obtain More Incentives for Loan Offers to Small Businesses


Chinese authorities recently issued new regulations, in a bid to encourage more loan issuance to small enterprises and improve the quality of financial services provided to them.

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