MAINLAND CHINA

Lingang to Boost Financial Services and Real Economy

22 April 2021

On 24 March, the Lingang New Area Management Committee of the China (Shanghai) Pilot Free Trade Zone released implementation opinions on using the functions of the capital market to promote the high-quality development of enterprises in the Lingang New Area (Hu Zi Mao Lin Guan Wei No. 208 [2021]. More

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China Deepens Reforms to Tax Collection and Management

22 April 2021

Under guidelines recently issued by the General Office of the State Council on furthering reforms to tax collection and management, China aims to make significant progress on the standardisation of tax law enforcement, the convenience of tax and fee services, and the precision of tax supervision, by 2022. More

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Guangdong Releases Development Plans for Zhuhai, Shantou and Zhanjiang

21 April 2021

On 2 February, the provincial party committee and provincial government of Guangdong issued three plans for the development of Zhuhai, Shantou and Zhanjiang respectively through until 2035. More

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China Updates Registration Procedures for Infant Formula Milk Powder Products

21 April 2021

In line with the requirements of the new national safety standards for infant formula food products promulgated on 22 February 2021, which will take effect on 22 February 2023, the State Administration for Market Regulation issued an announcement on matters concerning the registration of formulas for such products (No. 10 [2021]) on 23 March. More

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Price tag on carbon footprints

21 April 2021

Businesses in Mainland China, a leading exporter of manufactured goods and importer of commodities, need to keep a weather eye on a host of prices – from gold and crude oil to iron ore and bauxite. More

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China Offers Tax Incentives for Import of Next-Generation Display Devices and Equipment

20 April 2021

The Ministry of Finance, General Administration of Customs and State Taxation Administration recently issued a joint circular (Cai Guan Shui No. 19 [2021]) on tax incentives for the import of display devices. More

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China Offers Enhanced Pre-Tax Deductions of R&D Expenses

19 April 2021

On 31 March, the Ministry of Finance and the State Taxation Administration issued an announcement (No. 13 [2021]) on the policy of enhanced pre-tax deductions of R&D expenses. More

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SAMR Unfolds 2021 Plan for Product Quality Supervision and Sampling Inspection

19 April 2021

On 25 March, the State Administration for Market Regulation (SAMR) announced details of a plan for product quality supervision and sampling inspection in 2021 (Announcement No. 11 [2021]). More

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IRAN: 25-Year Cooperation Agreement with China Signed

19 April 2021

Iran and China have signed a 25-year strategic cooperation agreement aimed at deepening trade, economic and transport cooperation. More

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Section 301 Tariffs on Certain Mainland Chinese Watch Cases Could Be Removed

16 April 2021

A recent proposal from U.S. Customs and Border Protection would eliminate Section 301 tariffs on certain watch cases made in mainland China. This proposal would also affect continued eligibility for duty preferences when these components are manufactured under free trade agreements or preference programmes incorporating a substantial transformation rule of origin test. More

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