Reform to China's VAT system began in Shanghai earlier this year. Companies can now offset VAT from services used in Shanghai, relieving their tax burden
The Advertising Provisions are the latest in a series of regulations issued by the Chinese government in this area. With so many platforms available for advertising in China, the Provisions will help catch non-compliant advertisements before the public see them
The amended PRC Insurance Law and the Real Estate Investment Measures were supposed to open up China's property market. Almost two years later, investments have yet to materialise
“Ke jixu goumai” (“The deal is on”) is the phrase that spurs Chinese consumers to use online group buying websites. The SAIC is taking action to regulate this rapidly expanding market that has led to fraud, fake products and price hikes