More tax deductions are available for R&D expenses, technology transfers can get exempted from enterprise income tax and insurance companies no longer require CIRC approval to set up rep offices overseas
The latest revisions increase corruption penalties, allow for subjective decisions and widen the information security net as China intensifies crackdown
This week the FDA found Pfizer's plant in China falsified records and used old ingredients, a U.S. defense group report questioned IBM, Cisco and Microsoft's local partnerships and China's leading travel service companies combined
This week the FDA found Pfizer's plant in China falsified records and used old ingredients, a U.S. defense group report questioned the local partnerships of IBM, Cisco and Microsoft and China's leading travel service companies combined
The State Council has unveiled a negative list system for market access, stricter environmental criteria have been set for construction projects and copyright measures have been imposed on cloud storage service providers
This week Chinese leaders met to approve the next Five-Year Plan, officials were told by the IMF that the RMB is likely to join the reserve currencies basket and the merger control regulator allowed Western Digital and Hitachi to combine research and manufacturing
The PRC Insurance Law is being amended, the PBOC has granted foreign central banks access to its interbank FX market and has lowered the threshold for MNCs' cross-border renminbi cash pooling
This week China issued draft rules for private car-hailing services, Volkswagen's global emissions scandal hit China and Eli Lilly and Innovent further collaborated on cancer drugs
The down payment for first-time housing loans has been lowered, the Shanghai FTZ has allowed interbank deposit certificates in foreign currency and the State Council have put bonded zones under customs watch
This week US drugmaker Bristol-Myers Squibb paid the SEC to settle China bribery charges, Xiaomi faced accusations of violating the new Advertising Law and Tsinghua Unigroup paid $3.8 billion for Western Digital shares
