China Briefing News

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

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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

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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

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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

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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.

Exploring China’s Luxury Market: Emerging Trends and Future Prospects

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China, a key market for luxury goods, is driven by a growing middle class and affluent consumers. However, economic uncertainties and shifting trends require brands to adapt strategically.

Navigating China-Uzbekistan Investment and Trade Opportunities

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China is Uzbekistan’s largest trading partner, serving as the primary source of imports and the second-largest destination for exports. The two countries have significant opportunities for cooperation in areas such as agriculture, green energy, tourism, and infrastructure.

China Public Holiday 2025 Schedule

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We provide the 2025 public holiday schedule in this article, state the compensatory working days, and explain the difference in overtime payment for public holidays and the adjusted rest days.

Optimizing Tax Benefits Through One-Off Deduction Policy for Fixed Assets Under RMB 5 Million

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Qualified fixed assets that meet specific criteria are eligible for a one-off deduction before corporate income tax in China. This article demonstrates the details of this policy by explaining two real examples.

E-Invoicing in China: Fully Digitalized E-Fapiao for Civil Aviation from December 1

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The State Taxation Administration has announced the promotion of fully digitalized electronic invoices for civil aviation passenger transport, effective from December 1, 2024.

China and Italy New Double Taxation Agreement to be Effective in 2025

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The new China-Italy DTA breaks down many of the barriers that obstructed cross-border trade, investment, and knowledge exchange between the two countries.

EU-China Relations After the 2024 European Elections: A Timeline

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Timeline tracking key developments affecting EU-China relations, including trade and business engagement, under the new European Parliament.

China and Italy to ‘Relaunch’ Bilateral Ties: Trade and Investment Outlook

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We discuss how the China-Italy bilateral relationship has transitioned after Italy’s exit from the BRI, with ongoing high-level interactions indicating strong support for high-value trade and commercial engagement.

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