Summary Recent figures from the National Bureau of Statistics (NBS) indicate that China’s economy bounced back in September 2023, with robust growth across various sectors. The manufacturing industry and retail sales, in particular, have spearheaded this impressive recovery. The latest figures from the National Bureau of Statistics (NBS) suggest that China’s economy has shown promising signs of recovery in September…
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…
China is Betting Big on Sustainable Development. According to research conducted by the Green Finance Committee of the China Society for Finance and Banking, Tsinghua University, Goldman Sachs, and other reputable experts, achieving carbon neutrality by 2060 will require a range of USD 15 trillion to 75 trillion in carbon neutrality financing over the next 30 years. The Chinese green goods and…
On Tuesday, October 25th, China’s primary economic planner, the National Development and Reform Commission (NDRC), along with five other ministries, published 15 measures to facilitate the implementation of foreign-invested projects, with a focus on the manufacturing and high-tech industries. According to the Ministry of Commerce, China’s utilization of foreign direct investment increased 16.4 percent year on year to 892.7 billion yuan ($122 billion) in…
