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Guideline looks to lift domestic demand

China eyes investment, consumption growth after optimizing COVID-19 rules


Targets set for increasing consumption

Policy document maps the way to fostering stronger domestic demand, promoting stability


No tariffs for least-developed nations

China will provide zero-tariff treatment for 98 percent of currently taxable products, or 8,786 items, imported from 16 of the least-developed countries, beginning next month, the Customs Tariff Commission of the State Council said in a statement on Tuesday.


China to encourage foreign investment in more industries

China will further expand the industry catalog of sectors encouraging foreign investment, authorities said.


China rolls out favorable measures for cross-border e-commerce

In a fresh move to boost the cross-border e-commerce sector, which has bucked the global trend amid the raging pandemic, Chinese authorities have further optimized the cross-border e-commerce retail import list to add more goods, enriching the options in the domestic market to meet rising consumer demand.


China's new regulations on imported food to take effect

Food imports to China will soon face stricter regulations to ensure better food safety.


China to lower import tariffs to support new development pattern

China will reduce or cancel tariffs on certain imported goods and materials starting in 2022 in a bid to support the new development pattern and promote high-quality opening, according to the Ministry of Finance.


China to extend tax incentives for overseas investors to attract more foreign investment

China will extend the preferential tax policy for overseas investors investing in the mainland bond market, as part of its efforts to promote opening-up and attract foreign investment, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.


Transfer pricing to be a breeze for MNCs

China's streamlined corporate tax rules for multinational companies' transfer pricing, which will take effect on Sept 1, are expected to provide clarity and tax certainty on cross-border investments and business operations, as well as avoid double taxation during critical periods, experts said.