We cover the latest economy and trade, legal and tax updates, industry insights, and HR and payroll news that are most relevant to doing business in China. Here are our top China news summaries.
Shanghai Lingang New Area Releases Whitelists for Data Export, Facilitating Cross-Border Data Flows
Shanghai’s Lingang New Area has released general data lists that will facilitate data export for companies in the automotive, biopharma, and mutual fund sectors.
Tianjin Free Trade Zone Releases China’s First Negative List for Cross-Border Data Transfer
The Tianjin Free Trade Zone has released China’s first data Negative List outlining the types of data that must undergo a security review by China’s cybersecurity bureau to be transferred out of China.
China’s New Measures to Support Foreign Investment in Sci-tech Firms
China seeks to attract sci-tech foreign investment by relaxing rules, fostering partnerships, and enhancing the investment climate.
Shenzhen’s Qianhai Cooperation Zone Expands Preferential IIT and CIT Policies
The Shenzhen Municipal Tax Bureau, Shenzhen Municipal Finance Bureau, and State Tax Administration have issued two notices broadening tax incentives for individuals and companies in the Qianhai Cooperation Zone.
China’s New Renewable Energy Plan: Key Insights for Businesses
China’s new renewable energy plan aims to significantly boost the country’s renewable energy consumption, setting ambitious targets for 2025 and 2030.
E-Invoicing in China: National Rollout of Fully Digitalized E-Fapiao Starting December 1
The STA has announced the nationwide rollout of fully digitalized electronic invoices, set to begin on December 1, 2024, following the success of pilot programs.
US-China Relations in the Biden Era: A Timeline
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
China Expands Unilateral Visa-Free Policy to 9 Additional Countries Including Japan, Extends Stay to 30 Days
China has expanded its unilateral visa-free policy to include a total of 38 countries, accommodating more entry purposes and extending the stay duration to 30 days.
China’s Visa-Free Policies: Latest Updates
In this aritcle, we look at all of the China visa-free policies that are currently in place and clarify who is eligible to benefit from them.
China-Malaysia Closer Economic Ties and Opportunities
China has been Malaysia’s largest trading partner for 15 consecutive years. With its advantageous geographical location, lower transit costs, and favorable trade policies, Malaysia has increasingly become an ideal hub for Chinese investments.
Tax Digitalization in China: Impact on Corporate Tax Risk Management
This article explores the impact of tax digitalization on businesses in China, emphasizing the evolving dynamics of tax risk management, particularly regarding data supervision.
China’s Economy in October 2024: Retail Gains, Industrial Slowdown, and Exports Surge
China’s economy in October 2024 showed mixed signals, with retail sales surging 4.8 percent and exports rising sharply, while industrial output slowed, and the property sector remained weak.