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China still lacks the solid legal, commercial and technical infrastructure necessary for the future development of the e-commerce sector.

FIEs in China should benefit from an increase in the VAT export refund.

The government went to great lengths to smarten up Beijing for National Day. Yet small businesses have suffered and only some of the new initiatives will bring lasting benefits.

Internet protocol telephony is causing reductions in service fees and increased competition. In future it will create additional opportunities for foreign telecoms equipment suppliers and may open the market to service providers.

The finance ministry runs its bond mountain to fund government spending, yet economists argue that the government should adopt a more sophisticated fiscal policy and use bonds to help promote financial stability.