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As global trade tensions rise, China’s regional trade reliance varies significantly. While Q1 2025 exports grew 6.9% to RMB 6.13 trillion, provinces like Guangdong, Jiangsu, and...
On April 18, 2025, China’s MOFCOM launched a Work Plan to liberalize its service sector, introducing 155 pilot tasks across 14 areas, enhancing foreign investment, and...
On April 9, 2025, China’s CAC released a Q&A clarifying cross-border data transfer policies. It details compliance for data exports, emphasizes general data can flow freely,...
China’s new instant VAT refund system for foreign tourists, effective April 8, 2025, allows immediate tax rebates at purchase points, enhancing retail experiences. This aims to...
US tariffs on Chinese imports are 145%, while China imposes 125% on US goods. Companies may alter transfer pricing to mitigate costs, but this risks tax...
China’s new Tax Service Regulations 2025, effective May 1, 2025, establish a credit scoring and intelligent supervision system for tax-related services. Foreign enterprises can improve tax...
In April 2025, Trump reinstated tariffs on Chinese imports, revoking the de minimis exemption for shipments under $800. This change threatens China’s ultra-fast fashion sector by...
The 2024-25 China Outbound Direct Investment (ODI) Tracker shows China’s ODI reached RMB 1,159.27 billion, a 11.3% increase. Chinese firms invested in 9,400 overseas enterprises, driven...
Starting May 1, 2025, Hong Kong employers cannot use Mandatory Provident Fund (MPF) contributions to offset severance and long service payments, following the Abolition of the...