Saturday, October 31, 2020
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Tag: Tax

Personal Income Tax Threshold Expected to Rise to 5000 Yuan

Observers say China's personal income tax threshold is likely to rise to 5000 yuan (approx.  USD$781.90) from 3500 yuan at present, following the mooting...

Chinese State Media Warns of Trump Tax Cut’s Implications for Global Economy

The state-owned Xinhua News Agency warns that the Trump tax cut could have adverse impacts upon the global economic environment. US President Donald Trump's recently...

“Real Estate Set to Remain Key Driver of Chinese Economy”

A seminal figure in the development of China's real estate sector says it will remain the key driver of the national economy for at...

Central Bank Says Property Market Creating Major Risk for Financial Sector

One of the central bank's senior-most officials says that China's property market has become an acute source of risk for the financial system, and...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...