Newly established companies in Waigaoqiao FTZ now enjoy greater tax subsidies than existing companies. However, these subsidies may have to be removed if they are found to be in breach of central taxation policy.
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Stoking the coals
The coal industry in China, known for being dangerous and highly polluting, is undergoing a series of reforms designed to improve safety and efficiency. The focus is now on promoting efficiency and developing clean coal technology.
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Telecom break-up
China Telecom was finally broken up into two state-owned operators on May 16. The larger fixed-line operator will retain the China Telecom name and control the networks in 21 provinces in the south and west of the country. The smaller operator, known as China Netcom Group, will control the networks in 10 northern provinces. According […]
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Special treatment
With so many different types of investment zone, foreign companies face major difficulty in getting the best deal from their investments in China.
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Investors beware
There has been a rapid surge in M&A activity since the start of the SOE reform process. However, investors should be aware that there remain serious inconsistencies in the application and enforcement of the laws.