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China to replicate FTZ practices nationwide

BEIJING - Chinese authorities are looking to replicate the latest successful practices in its pilot free trade zones (FTZs) around the rest of the country. In a circular published Wednesday, the State Council asked local authorities to adopt 27 practices that are now applied in the existing 11 FTZs as a way to pursue high-quality development...
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VAT Pilot Reform to “Reform”, Not “Add” Tax

The VAT pilot program is to replace business tax with VAT, not to levy additional tax. Efforts should be made to prevent enterprises from taking advantage of this reform to confuse consumers and raise prices, and turning tax reduction into fraud, and consequently affecting the progress of the reform. My colleague found a hotel he used...
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Top British school Harrow opens Shanghai campus

The Harrow International School Shanghai, the fourth international school in the Harrow family, officially opened in Waigaoqiao area, Pudong, Shanghai, on June 7. Notably, Prince Edward, Earl of Wessex, attended the opening ceremony. The UK-based Harrow School was established in 1572 and is famous for educating many famous figures through...
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Pudong court issues a white paper in FTZ

Pudong New Area People’s Court issued a white paper on November 15 regarding Financial and Commercial Justice Court Trials (2013-2017) in Shanghai Free Trade Zone From November 2013 to October 2017, Pudong New Area People’s Court had handled 43,189 financial and commercial cases, closed 42,921 cases. Financial loan...
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