Companies must prove “substantial operations” in certain areas to qualify for 15% corporate income tax in China. Here’s what that means.
Monthly Archives For June 2023
Exclusive-China’s state banks told to lower cap on dollar deposit rates – sources
A Chinese self-regulatory body overseen by the central bank has told major state-owned banks to lower dollar deposit interest rates, four people with direct knowledge of the matter said on Tuesday, in …
China Asks Big Banks to Cut Deposit Rates to Boost Growth
Chinese authorities asked the nation’s biggest banks to lower their deposit rates for at least the second time in less than a year, according to people familiar with the matter, marking an escalated …
Venture-Capital Firm Sequoia to Separate China Business as Political Tensions Rise
Sequoia told its investors it would split into three independent partnerships that would be distinct firms with separate brands.
Sequoia rebrands China, India and Southeast Asia units
Sequoia is rebranding its international investment arms to better manage the escalating complexities of its decentralized global investment operations, the storied venture firm said Tuesday. Sequoia …
China’s Aging Population Is a Major Concern. But Its Youth May Be an Even Bigger Problem
In April, youth unemployment in China hit a record high with 20.4% of 16- to 24-year-old jobseekers unable to find work.
Merck CEO says decoupling from China would be at huge economic cost
The CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic costs and that she was banking on dialogue to ease tensions between Beijing and Western…
US, Japanese, Philippine coast guard ships stage law enforcement drills near South China Sea
U.S., Japanese and Philippine coast guard ships have staged law enforcement drills in waters near the disputed South China Sea as Washington presses efforts to reinforce alliances in Asia amid an incr
‘The Little Mermaid’ tanks in China and South Korea amid racist backlash from some viewers
The Little Mermaid” has bombed with moviegoers in China and South Korea amid racist critiques in some quarters over the casting of Black actress Halle Bailey as main character Ariel.
Analysts Say China Has ‘Ability And Resolve’ To Make Its Chips Despite US Curbs
The U.S. government under President Joe Biden has been working to block China’s access to most of the advanced semiconductors and equipment from American suppliers, citing national security risks. The …
Crypto Collaborations Hint at Blockchain as Mainstream Tech in 2023-24
Crypto platforms like Jasmy are setting the stage for 2023-24, putting the spotlight on Blockchain as the preferred technology for brands, …
China undertakes financial reform to achieve sustainable growth
Following these words, the Chinese government has displayed efforts to introduce various financial reforms considered vital in order to achieve sustainable economic growth. But analysts suggest that …
China Says It Doesn’t Want Conflict. Its Actions at Sea Suggest Otherwise
The U.S. accused Chinese vessels of “unsafe” maneuvers during a routine transit in the Taiwan Strait, raising concerns over an escalation between the superpowers.
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