Chinese President Xi Jinipig wishes to combat cyber espionage and provide for better internet security, an issue that it addressed recently during a meeting with one of the most important foreign investors in the country, the United States. The Chinese president has already talked about improving the business climate in the country and now it appears that he wished to work to the U.S. to address the cyber warfare problem. This could spell good news for foreign investors in China, especially those interested in the ICT sector.
China will introduce a new self-assessment mechanism to allow for better access to tax treaty benefit claims. This is an important step towards simplifying tax administration in the country and it will come as beneficial for companies and individuals who benefit from the provisions of the double tax treaties signed by China. The experts at our law firm in China can give you complete details about the tax benefit claim system.
China plans to enact a long-term plan to boost innovation, foreign investments and economic growth. The government wishes to work with eight selected regions (for now considered pilot zones) that will act as innovation hubs. Investment remains one of the most efficient ways for the country to record economic growth. The experts at our Chinese law firm can help you invest if you are a foreign entrepreneur.
Chinese officials plan to introduce new policies to encourage growth. These are mainly focused on helping small and micro businesses in China and, for this purpose, the Chinese government plans to set up an additional fund, amounting to approximately 60 billion Yuan (almost 9.5 billion $). If you own a small company, the experts at our law firm in China can help you with additional information about accessing special funds for enterprises.