In the news: NPC takeaways, investors warn of VC dangers, China adjusts taxes for foreign e-commerce sites and pharma firms get hit where it hurts

March 09, 2016 | BY

Katherine Jo &clp articles

This week China set its Five-Year Plan, a top internet banker called on regulators to intervene in "lawless" startup markets, new tax rules for Chinese consumers on overseas online retailers were issued and Big Pharma faced a big sales slowdown as hospitals cut costs

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The National People's Congress set forth three main economic targets for the next five years:achieve 6.5%-7% annual growth, maintain inflation around 3% and create 10 million urban jobs. Premier Li