New Capital Rules in China
New Shanghai Action Plan, China’s commercial hub, is taking measures to enhance its business climate with the latest iteration of the Shanghai Action Plan for Strengthening Integrated Innovation and Continuously Optimizing the Business Environment. The plan’s primary goal is to create an international-first-class economic climate with the most convenient trade and investment, outstanding administrative efficiency, standardized government services, and a…
China Tax Filling Calendar 2023, the State Tax Administration published the tax filing and payment deadlines for 2023, clarifying the deadlines for taxpayers.
China Issued 2023 VAT Policies and Exemptions for Small Businesses. This includes an exemption for small businesses with monthly sales of 100,000 yuan or less.
China revised Foreign Trade Law and canceled the need for foreign trade operators to file and register with the commercial authorities.
Sapience Pro, together with Shanghai Lingang Jinshan No.2 Industrial Zone, Shanghai Carbon Valley Green Bay R&D Base Industrial Development Co., and the Shanghai Institute of Chemical Industry, organized an online sharing on R&D Safety and Environmental Protection Construction Management. The event was a great success, with close to 100 local & overseas participants. The attendees were mainly leaders from chemical companies…
According to the National Health Commission, China will remove quarantine rules for all passengers traveling to China beginning January 8, 2023. The health authority said in a statement that COVID-19 would also be downgraded to Category B from the current Category A, meaning that quarantine will no longer be enforced. According to the National Health Commission, China will refer to…
As China takes measures to open financial markets, the Chinese Yuan is becoming a more important global currency. According to the Bank of International Settlements (BIS), the Chinese Yuan will account for 7% of all trades in 2022, up from 4% three years ago, and total daily trade will increase to $7.5 trillion, up from $7.5 trillion. The yuan surpassed the Australian,…
