Employers are encouraged to give their staff the day off on Chinese New Year's Eve (Feb 9).
A new version of the Foreign Permanent Resident ID Card of the People's Republic of China has been officially issued and put into use on Dec 1,2023.
Embassies and consulates extend office hours, reduce materials required for visa applications, increase staff, issue multiple-entry visas when possible, and temporarily exempt applicants from registering their fingerprints.
The Ministry of Finance, General Administration of Customs, and State Taxation Administration jointly issued a circular on Aug 30 extending two tax policies to support the innovative development of foreign trade.
Enterprises entitled to the current additional pretax deduction of 75% for research and development expenses are allowed to apply for 100% deduction, and it will become a long-term institutional arrangement.
China will fully align with the international high-standard market regulation system and establish a new system for higher-level open economy.
The Regional Comprehensive Economic Partnership entered into force in the Philippines on June 2, marking a milestone with the world's largest free trade pact being fully effective for all 15 member countries.
