This week world leaders agreed on global trade and climate change policies, and China announced seven new free trade zones, reviewed Didi and Uber's merger, and got serious with bad debt
The SAT has clarified VAT will not be levied on purely offshore activities, the CIRC has proposed curbs on risky investments by insurance companies and MOFCOM has abolished its approval requirements for processing trade
The first online lending regulation was issued to curb shadow banking risks, the rise of digital wallets threatened banks' access to big data and local governments' plans for the flailing coal and steel industry were discussed
The first law on online lending has been issued, Beijing has replaced temporary residence permits with residence permits and the NDRC further regulated the carbon market
