Monthly Archives: June 2016

Shanghai Free Trade Zone Draws More Investments

The Shanghai free trade zone (FTZ), which was inaugurated on Sept 29, 2013, has attracted a growing amount of investment with strong government support and preferential policies and this year expects to get 20 key projects, cumulatively worth about 170 billion yuan ($25.9 billion), according to Pudong Times on June 9. The projects – mainly...
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What Difference Can the FTZ Make to Your China Business?

The Shanghai Free Trade Zone (FTZ) Pilot Project was set up in September 2013 with the objectives of making it easier for inbound foreign investment in the FTZ, encouraging outbound investment from the FTZ and the removal of more red tape to facilitate cross-border investment. Currently there are four FTZ’s:Shanghai, Tianjin, Fujian, Guangdong Shanghai FTZ was launched...
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Parallel Imported Cars are Granted Certification in the FTZ

China’s certification authority today granted a 3C (China Compulsory Certification) to parallel imported vehicles in Shanghai’s free trade zone, offering a legitimate identity for parallel imports of cars for the first time. Shanghai Waigaoqiao Automobile Exchange Market Co Ltd received 3C, a mandatory safety mark for a majority of both domestically-manufactured and imported products in Chinese...
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Firms Pay Less Taxes Through VAT Reform in China

China started nationwide tax reforms to use value added tax as a replacement for businesses tax in May. Wednesday was the first day of declaration for the pilot program, and many firms saw their tax burdens significantly reduced. Companies with expenditures for property rentals can enjoy having a large part of their taxes deducted under...
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