Other Briefings
Hainan SAT Reaffirms Business Tax Issue Concerning Intragroup Loans
Jan. 16 – The State Administration of Taxation (SAT) of Hainan Province recently released a Letter (Qiongdishuihan [2013] No. 817) concerning the business tax (BT) issue of intragroup loan transactions. It refers to the “Notice Concerning Business Tax Issues of Collective Borrowing and Repayment of Non-Financial Institutions” (Caishuizi [2000] No. 7, hereinafter referred to as […]
Hainan as an International Tourist Destination
By Yao Lu Oct. 26 – Hainan Island, China’s smallest and southernmost province, has lagged far behind others in the region in terms of economic development. In 2011, the region’s GDP reached RMB252.26 billion, making it the fourth smallest economy in the entire country. However, the province boasts enormous economic potential. Labelled as the “Oriental […]
China Adjusts Tax-Free Shopping Policies for Hainan Island
In a move to boost tourism in Hainan island, China released the “Announcement on Adjusting the Tax-free Shopping Policies for Visitors Departing from Hainan Island” on October 22, which is scheduled to take effect from November 1, 2012.
Hainan Airlines 2007 profits nearly quadruple
SHANGHAI, Mar. 26 – Hainan Airlines net profits nearly quadrupled in 2007, thanks to a booming domestic industry and a stronger Chinese currency. The company, China’s forth largest carrier, posted a net income of RMB651.4 million, up from RMB166.8 million in 2006 it said in a statement to the Shanghai Stock Exchange. The Haikou-based carrier’s […]
Hainan Airlines taking off to the future
It’s always a pleasure to fly with Hainan Airlines, as I just did last week from Shanghai to Beijing – a clean cabin, an on time departure when other airlines were having delays, and entertainment on board from lottery games, to acceptable food, and a good drinks trolley. But Hainan Airlines has always been […]
China to open fourth bonded port in Hainan
Oct. 12 – The State Council moved ahead with plans for the country’s fourth bonded port in Hainan province Xinhua reported yesterday, yet another of the steps China is taking towards establishing a free trade zone with the Association of Southeast Asia Nations (ASEAN). The Yangpu Bonded Harbor Area in the Yangpu Economic Development Zone, […]
Hainan Airlines to launch non-stop Beijing-Seattle route
SHANGHAI, Aug. 13 – Hainan Airlines has applied to operate non-stop flights between Beijing and Seattle starting next June authorities at the Civil Aviation Administration of China (CAAC) announced. Hainan Airlines will become the fourth carrier to operate flights between the mainland and the United States, joining Air China, China Eastern, and China Southern. The proposed Beijing-Seattle route would […]
A Guide to Minimum Wages in China (As of November 20, 2024)
Inner Mongolia’s new minimum wage standards will take effect on December 1, 2024, which surpasses the RMB 2,000 (US$275) mark.
