Hainan has officially launched the 2024 catalogue of encouraged industries, featuring 33 new additions compared to the 2020 edition. These strategic inclusions prioritize sectors such as tourism, modern services, and high technologies.
Companies upgrading certain equipment that aids environmental protection and safe production can enjoy a deduction of the investment at a ratio of 10 percent from their corporate income tax payable.
Regular audits to ensure compliance with personal information protection regulations may become a requirement for companies in China. We explain the audit processes and requirements proposed in the draft standards.
The new guidelines emphasize strict regulation to address ethical concerns and ensure responsible research practices in biotechnology, particularly regarding the prohibition of clinical germline genome editing.
Key regions like Guangdong, Shenzhen, and Chengdu are spearheading development of the low-altitude economy through substantial investments and regulatory support, despite challenges in infrastructure and safety.
Ursula von der Leyen has been re-elected for a second five-year term as the President of the European Commission. Plus, a recent non-binding advisory vote by the EU reveal significant divisions among member states over proposed provisional tariffs on Chinese EV.
This publication explores Singapore's business landscape in 2024: Economic growth, strategic advantages, and investment opportunities for foreign companies in this resilient Asian hub.
The Guide to HR Compliance and Best Practices in China explains key considerations for foreign employers from hiring to staff management and compliance with legislative updates and data security laws.
