A slew of new measures to further ease green card rules for foreign professionals in Shanghai was announced by city authorities yesterday. People working for companies and universities at Shanghai Zhangjiang National Innovation Demonstration Zone and Shanghai Free Trade Zone will be the main beneficiaries. The new measures will give foreigners working in these zones a fast...Read more
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Earlier this year, the PRC Ministry of Human Resources and Social Security (“MOHRSS”) issued a set of Measures for Evaluating Compliance and Integrity of Employers’ Labor Protection (《企业劳动保障守法诚信等级评价办法》). These Measures are set to take effect on January 1, 2017 and will apply to all China employers, domestic and foreign. So if have employees in China...Read more
VICE Minister of Finance Shi Yaobin said yesterday that China will simplify VAT rates in the future to ease company tax burden. “The current tax system has too many tiers and may confuse policy implementation and impede fair competition,” Shi said during a press conference, promising to make tax rates easier to follow. VAT rates have...Read more
Premier Li Keqiang said China will create a better investment and operation environment for foreign businesses. China will continue its opening-up policies, and those for drawing foreign investment will be unchanged, Li said as he inspected Shanghai's pilot free trade zone on Monday and Tuesday. China not only has a huge market but is also rich in...Read more
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