Companies reinvesting profits can get tax break

By Chen Jia and Wang Yanfei | China Daily | Updated: 2017-12-29 07:36 China continues to welcome foreign investment through a temporary exemption of the withholding tax on profits that are reinvested in the country, the Finance Ministry said in a statement released on its website on Thursday. The move will help retain foreign investment […]

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Red tape cut for Chinese firms investing abroad

China’s top economic planner yesterday announced new regulations that cut the red tape for domestic companies investing abroad. The new overseas investment rules will come into effect from March 1 next year, the National Development and Reform Commission said in a statement. It does away with the 2014 provision that required companies to get administrative […]

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China aims to be global trade power

By ZHONG NAN and JING SHUIYU | China Daily | Updated: 2017-12-26 06:03 Further reform and fine-tuning are aimed at reaching goal by 2035 China has set a goal of building itself into a global powerhouse in international trade by 2035 through further reform and fine-tuning of trade structure, including upgrading the quality of goods […]

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Shanghai sees FDI, trade grow

Shanghai’s foreign trade grew steadily in November while foreign direct investment soared, indicating further progress in the opening-up of the city’s economy. FDI in the city soared 150 percent to US$7.52 billion in November to touch a new high this year in both year-on-year growth rate and value, according to Shanghai Statistics Bureau. The number of FDI […]

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