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

China cracks down on illegal uploading through cloud storage.

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

PBOC allows foreign central banks to access the Chinese interbank foreign exchange market

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

China has double tax agreements with more than 100 countries that MNCs can use to reduce – or even eliminate altogether – local withholding and enterprise income taxes. Here is how MNCs can qualify and cut costs