China’s rival mobile operators are battling to grab market share in the mobile data market. So far, China Mobile has established an early lead.
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Taxing transfers
Before buying into a domestic enterprise in mainland China, especially state-owned enterprises, foreign investors should be aware of the tax implications of any reorganisation in the target company.
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Positive reaction
China’s nuclear energy programme is one of the fastest growing in the world and, to the country’s expansion plans, Beijing is encouraging more foreign investment.
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150 held in 'red oil' smuggling case
Customs officials have detained more than 150 people accused of involvement in smuggling US$169m of diesel oil and other goods into Guangdong province, reported the Financial Times. Zheng Hongjun, a fisherman's son and former low-level tax official, was alleged to have illegally organised the importation of 'red oil' (diesel that is duty free in Hong […]
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Sales rise is below target
The volume of retail sales in August was 8.8 per cent higher than in the same month of last year, according to National Bureau of Statistics figures. The rise over the first seven months of the year was 8.6 per cent. The bureau attributed the rise to brisk sales of mobile phones, home appliances and […]